"We can do nothing better than Mittal (the largest steel company
in the world), but we can be as good as the big companies," he notes.
Plans for the pounds 11m project are being drawn up by the Steel Company
The move comes as the battle between the world's two largest steel companies intensifies after Mittal Steel urged Arcelor shareholders to resist an alternative tie-up with Russian steel company
Severstal (see below).
In Brazil, where companies have in recent years been gobbled up by foreign multinationals, steel company
Gerdau is the exceedingly rare domestic group that has itself become a multinational by taking over foreign firms.
In the spring of '04, Pell says, Corus personnel began explaining to the automotive OEMs what was going on in the steel market, "but initially it fell on deaf ears." He adds, "Of course, the old agenda of cost down was always there." Other steel company
personnel did the same and after three to four months there was a better understanding of what was going on.
Japanese steel company
Kobe Steel and Belgian chemicals and pharmaceuticals company Solvay have signed an agreement to launch a plastics recycling venture, Kobe Steel has announced.
The L Company, a steel company
, was formed in 1984 from the R and J Companies.
He said PSML would soon take steel production in Nigeria to a higher level, adding that the reason the steel company
has not been able to go into full-scale production since the present management took over the company from the former managers was that all the facilities were vandalized and abandoned for several years.
The five buildings are leased to Contractors Steel Company
and were purchased at a price equating to a weighted-average GAAP capitalization rate of 8.19% and a weighted-average remaining lease term of 10.0 years.
Khuzestan Steel Company
zoomed past all rivals in the period under review, as it exported 1.73 million tons of slab, bloom and billet, up 57% year-on-year.
He was also accused of profiteering from public funds worth nearly EGP 5bn in an acquisition of the Alexandria National Iron and Steel Company
AK Steel (NYSE:AKS) reported on Friday the appointment of Sheri H Edison to its board of directors with effect from 1 August 2014.