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  • News - 13 Feb 2003
    In an interesting twist, US Steel are pursing a strategy to acquire the bankrupt National Steel, after the courts had recognised AK Steel as the lead bidder. US Steel is about to begin bargaining...
  • News - 11 Feb 2003
    Following the board of directors meeting, it was announced that Bethlehem Steel would sell substantially all of its assets to International Steel Group. The deal is expected to be finalised some time...
  • News - 9 Feb 2003
    The US Bankruptcy Court has approved AK Steel’s bid to be recognised as the lead bidder to acquire substantially all the assets of National Steel Corporation. Under the terms of the Asset...
  • News - 7 Feb 2003
    The tale of woe continues for the US steel industry with yet another company filing for chapter 11 bankruptcy under the US Bankruptcy Code. The latest victim is Kentucky Electric Steel. The...
  • News - 7 Feb 2003
    Bethlehem Steel have agreed in principal to terms with International Steel Group (ISG) for the sale of substantially all of their assets. The agreement is still subject to approval by the board,...
  • News - 7 Jan 2003
    International Steel Group have announced that they have made a bid to acquire all the assets of Bethlehem Steel. If the deal is approved by Bethlehem Steel and goes ahead, the new company will become...
  • News - 16 Dec 2002
    Kobe Steel plans to take an equity stake in the US secondary steel processor, Grand Blanc Processing LLC. They are making this move to position themselves such that they will be able to strengthen...
  • News - 7 Nov 2002
    Following a profitable period during September, National Steel has been granted an extension for lodging its plan for reorganisation. National steel recorded a $7.3 million profit in September to...
  • News - 25 Sep 2002
    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...
  • News - 3 Sep 2002
    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...

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