The proposed combination of steel manufacturers Co-Steel of Canada and Gerdau S.A. of Brazil has been overwhelmingly approved by the shareholders.
Under the terms of the agreement, the two companies will unite their N...
Allegheny Technologies have just announced that their Allegheny Ludlum melt shop in Pennsylvania will be undergoing a major upgrade in order to reduce operating costs and increase productivity.
They are spending an es...
Russell Metals today announced that they have agreed to purchase the assets of Metals USA Plates and Shapes Northcentral, located in Milwaukee, USA. The purchase price is approximately $8.3 million and the deal is expect...
Owing to unsatisfactory profitability, Sandvik Steel is taking further measures to remedy the situation. The next stage of redevlopment will involve a review of the organisational structure at the main Sandviken facility...
Bethlehem Steel has announced that it is closing its large diameter pipe manufacturing facility in Steelton, Pennsylvania. They sited lack of orders as the reason for the closure.
The move was consistent with their st...
AK Steel and International Steel Group (ISG) have formed a partnership. Under the agreement AK Steel have acquired 60% of a flat-rolled steel electrogalvanising plant in Ohio.
The facility which will be operated by IS...
Federal-Mogul and Taiho Corporation of America, a wholly owned subsidiary of Taiho Kogyo Co have agreed to set up a 50:50 joint venture to manufacture gaskets for the global vehicle manufacturers.
The joint venture to...
As part of its strategy to concentrate on its core business, carbon steels, Corus is set to offload its 20% stake on Aluminerie Alouette, aluminium smelter in Canada to Alcan. The sale is worth US$165 million in cash as ...
International Steel Group (ISG) have reached an agreement with Acme Steel to purchase several of their assets such as the compact strip minimill for $65 million.
ISG are the recently formed company which not so long a...
Effective October 1, 2002, Kobe Steel’s copper leadframe operation will merge with its subsidiary Leadmikk Ltd. The merged operation will be called Kobe Leadmikk Ltd and will be based in Fukuoka, Japan.
Kobe Ste...
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