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33 Metal Producing
McGrew-Hill Publications Co.,
33 Metal Producing

McGrew-Hill Publications Co.,

0149-1210

33 Metal Producing/Journal 33 Metal Producing
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    Enough Talk, More Action

    ROBERT BROOKS
    1页
    查看更多>>摘要：This month negotiators in Paris will try again to agree that the world's steel industry should idle uncompetitive operations, as much as 95 million metric tons according to a plan worked out by numerous government trade and finance officials. It would be nice to have them acknowledge the obvious, but there's no guarantee it will lead to any result. And, they're said to be tabling the more serious issue of steel subsidies. This month may also bring the end of Geneva Steel. Creditors are set to liquidate the integrated producer now that no investor will take a risk on a revamp to scrap-based melting there. This would be regrettable, but it would at least demonstrate some responsible action in the Great Steel Debate.
      原文链接:
    • NSTL

    ISG CONSIDERING A BETHLEHEM TAKEOVER

    1页
    查看更多>>摘要：International Steel Group has begun "due diligence" to determine the feasibility of buying Bethlehem Steel, under a 60-day exclusive agreement with the bankrupt steelmaker. The process should be finished in early January. If it results in a successful takeover, ISG would become the largest domestic steelmaker with nearly 20 million tpy of raw steel capacity, and particularly strong in the hot-rolled and coated-strip markets. ISG is the company formed when WL Ross & Co. bought the core assets of LTV Steel at a bankruptcy auction. Because they bought those operations in a liquidation effort, ISG's investors were able to avert nearly all of the legacy costs (debts, pension, and benefit obligations) that ruined LTV. Since the LTV acquisition, ISG has absorbed the former Acme Steel facility with a similar approach.
      原文链接:
    • NSTL

    USS SELLING OFF IRON ORE, COKE, TRANSPORT DIVISIONS

    1页
    查看更多>>摘要：U.S. Steel agreed to sell its iron ore, cokemaking, and a transport-services subsidiaries to an investor group called Apollo Management L.P. for 500 million dollars. Still subject to final agreements and approvals by boards on both sides, the sale should close by the spring. On the block are: Minntac, USS's 16.4 million-tpy taconite mine and pelletizing operation in Mt. Iron, MN. Its reserves are reported at 695 million tons of ore (all of which would be transferred with Minntac); The cokemaking operations at Clairton, PA' and Gary, IN, with a total capacity of 6.7 million tpy.
      原文链接:
    • NSTL

    DOFASCO SETS 450 MILLION dollars FOR FINISHING

    1页
    查看更多>>摘要：Dofasco Inc. has put forth an ambitious investment program for its finishing operations at Hamilton, ON, that will begin next year with a 245-million dollars improvement project to the pickling facilities there. This is to be the first phase of an overall 450-million dollars effort that will encompass the cold-rolling and processing operations at Hamilton. The first phase will have four components: Upgrading the No. 4 pickle line for higher product quality and increased capacity; Improving the existing continuous pickle line/cold mill; Building a new pickle line to be linked with an existing cold mill (also set for updating) to create a second continuous pickle line/cold mill; and Replacing the acid-regeneration plant.
      原文链接:
    • NSTL

    FOR CORUS, PECHINEY DEAL IS ON, BUT CSN IS OFF

    2页
    查看更多>>摘要：Corus Plc. has an 840-million dollars offer from Pechiney S.A. for its rolling mills and extrusion plants. Plans to sell the aluminum division as a single unit came undone in September once Corus agreed on a 165-million dollars sale of its 20 percent stake in Aluminerie Alouette to Societe General du Financement, in Quebec. However, the London-based metals producer reports its planned merger with Brazil's Companhia Siderurgica Nacional is over. Corns maintained that diminishing business prospects lowered the positive outlook for the merger. CSN, however, said it cancelled the deal because its due-diligence findings were not satisfactory. In a statement, a company spokesman said the research showed "that Corus' projections did not match up with the numbers they presented."
      原文链接:
    • NSTL

    MAVERICK OFFERS 100 MILLION dollars FOR LTV'S TUBULAR PLANTS

    1页
    查看更多>>摘要：St. Louis-based Maverick Tube Corp. will pay 110 million dollars in cash for LTV Corp.'s tubemaking operations, according to an agreement in principle. LTV's tubemaking division covers five plants in Georgia, Tennessee, Ohio, and Michigan. Its specialties are electrical conduit pipes, line pipe, and standard pipe for energy and construction markets. Maverick's product offerings are concentrated in oilfield markets. Maverick said it will wait to finalize he purchase until a new collective bar-gaining agreement with the LTV employees is complete, as well as an environmental review of the facilities, and approval from the bankruptcy court overseeing LTV's asset distribution.
      原文链接:
    • NSTL

    LTV SEEKS TO EMERGE …AS COPPERWELD

    1页
    查看更多>>摘要：With virtually every other asset sold, LTV Corp. plans to reorganize its Copperweld operations as a stand-alone company. An agreement in principle to sell the LTV Tubular products plants to Maverick Tube the Copperweld operations as the core of the bankrupt firm. A restructuring plan is being prepared by LTV's management and creditors, to present to the bankruptcy court overseeing the Chapter 11 proceedings. The Copperweld division has 17 plants in Canada, the U.S., and Great Britain, and it is North America's largest producer of welded steel tubing. It also manufacture bimetallic wire goods.
      原文链接:
    • NSTL

    COLD-ROLLED PRODUCERS SHUT OUT BY ITC

    1页
    查看更多>>摘要：The U.S. International Trade Commission ended an effort by cold-rolled steel producers to win anti-dumping and countervailing duties against CR imports from 15 countries - Argentina, Belgium, Brazil, China, France, Germany, the Netherlands, New Zealand, Russia, South Africa, South Korea, Spain, Taiwan, Turkey, and Venezuela. This result was anticipated since August when the same panel tossed out comparable cases against Australia, India, Japan, Sweden and Thailand. The August ruling was more surprising, since the Commerce Dept.'s investigation of the charges found violations in the cold-rolled steel trade. Commerce recommended tariffs ranging from 1.97 to 153.6 percent in cases against all 20 countries. ITC's decisions were made separately because of delays in gathering data. The suits were brought in 2001 by Bethlehem Steel, National Steel, Nucor, Steel Dynamics Inc., U.S. Steel, WCI Steel Inc., and Weirton Steel, as well as the United Steelworkers union.
      原文链接:
    • NSTL

    DANIELI DETAILS VENTURE IN VENEZUELA FOR DRI-BASED STEELMAKING

    1页
    查看更多>>摘要：Plant designer and equipment-builder Danieli SpA is committed to a new steelmaking venture in Venezuela. It agreed to build, own, and operate Qualimetal at Puerto Ordaz along with state-owned industrial group Corporacion Venezolana de Guayana (CVG.) A third party to the venture is Ferrominera, CVG's mining subisdiary. The project was reported earlier this year but not made official until an announcement at the Latin American Iron and Steel Institute expo in October. Qualimetal should start up in 2006. Danieli will own 51 percent of the venture, which is reported to involve a total investment of 718 million dollars.
      原文链接:
    • NSTL

    The Complete Package

    2页
    查看更多>>摘要：Billet casting is getting faster and more flexible, but it's frequently just one element in plant concepts that promise high quality, high throughput, and high value for the investors. Early in September, the Brazilian steelmaker Companhia Siderurgica de Guanabara (Cosigua) started its revamped billet caster. It was a project that demonstrates most of the noteworthy traits of the latest billet casting technology - fast starts, product flexibility, and high throughput. The six-strand machine, with a casting radius of six meters, produces 130- and 160-mm square, high-quality billets at up to 3.6-m/min. Danieli Centro Met, the caster building division of Danieli SpA, reports its customer was fully satisfied by the rebuilt machine's performance and test results, which "largely exceeded the agreed performance values." All these results were shown in the first two weeks after the redesign was complete, Danieli informs.
      原文链接:
    • NSTL