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...
Reliance Steel and Aluminum has agreed to acquire the assets from two of Metals USA’s businesses. The assets of Metals USA are currently under the control of the US Bankruptcy Court.
The businesses affected by t...
Steel Dynamics has entered into a definitive agreement to purchase the mini-mill assets of Qualitech for $45 million. The sale involves Qualitech’s plant in Pittsboro, Indiana.
Steel Dynamics has plans to conver...
Dofasco has signed a letter of intent to acquire the assets of LTV’s Marion, Ohio automotive tubular manufacturing facility.
LTV filed for Chapter 11, voluntary bankruptcy on December 29, 2000. The acquisition o...
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