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Archive for April 18th, 2007

Killed By Molten Steel

At least 32 workers have been killed after tonnes of molten metal fell on them at a steel plant in China.
An investigation has been launched after a huge ladle carrying the liquid broke off at the Qinghe Special Steel Corporation in Tieling, a city in Liaoning province.
A statement by a state safety watchdog said the [...]

MEPS STEEL NEWS- EU Steel Prices

The majority of period two business has now been settled at higher prices than those paid in the first quarter. The initiative was made easier for the EU steelmakers by a decline in the number of attractive third country offers. Nevertheless, large quantities of material, ordered at the end of 2006, continue to arrive, particularly [...]

Could Stelco be the next take-over target?

by Naomi PowellThe Hamilton Spectator(Apr 17, 2007)
What does Algoma have that Stelco doesn’t? With Canadian steelmakers being snapped up, investors are left wondering if Stelco will be next.
“I don’t think the Algoma sale has fundamentally changed the landscape, but it has confirmed Canada as a battlefield in the global acquisition war,” said Joe D’Cruz, a [...]