In an announcement made at ISSTech 2003, the Iron and Steel Society’s annual conference, The Iron and Steel Society (ISS) and the American Institute of Steel Engineers intend to merge as of January 1, 2004.
The ...
Following a UK asset review, Corus have decided to restructure their UK steel business to try and stem the loss making trend. The current round of restructuring is aimed at tailoring their business for local demand.
T...
Exxon Mobil Upstream Research, Nippon Steel Corp and Mitsui and Co have jointly developed a new steel which is 20-50% stronger than currently used pipeline steels. To this end, the three companies have signed a letter of...
United States Steel Corporation today presented a formal offer to Poland's Ministry of State Treasury to purchase Polskie Huty Stali (PHS). Details of the offer are confidential under the terms of the official privat...
As the cut off date for offers to purchase the bankrupt Bethlehem Steel was reached on Tuesday, 2 new bidders emerged, in addition to the well documented bid from International Steel Group (ISG).
The new bids came fro...
In the ongoing battle to acquire the assets of bankrupt National Steel, US Steel have upped their bid by $25 million to $775 million. Their bid is still short of AK Steel’s offer of $925 million, of which both incl...
AK Steel, the leading bidder for the purchase of bankrupt National Steel, has failed to reach a labour agreement with the United Steelworkers of America (USWA) by the deadline imposed by the US Bankruptcy courts.
AK S...
US Steel, through its wholly owned subsidiary US Steel Balkan have agreed to purchase bankrupt Sartid a.d. and six of its subsidiaries for $23 million.
The acquisition of the Serbian-based Sartid a.d. is scheduled for...
Recently introduced tariffs introduced by President Bush to protect the local steel industry have been deemed to be illegal by the World Trade Organisation.
The decision has been called “interim”, with the final repor...
Through their subsidiary Nucor Steel Kingman LLC, Nucor have acquired the assets of North Star Steel’s, Kingman, Arizona, USA plant. The purchase price for the assets was US$35 million.
The plant included a melt...
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