In the making of steel, a chemical analysis is made of each caldron of molten pig-iron, when it starts on its way to be refined, and this analysis is sent by telephone to the
steelmaker, so that he will know exactly how each potful is to be handled.
A Toyota executive said, ''It is necessary to prevent only one side (of automakers and
steelmakers) from bearing the brunt'' of the recent sharp materials cost increases.
The International Iron and Steel Institute has decided to endorse a plan to set a reduction target for carbon dioxide emissions by
steelmakers worldwide, according to an IISI statement reaching the Japan Iron and Steel Federation on Tuesday.
The CSN offer, which is subject to due diligence and finalisation of funding, means
steelmakers from two of the world's emerging economic superpowers - India and Brazil - could slug it out for control of Corus as they seek to gain ground on number-one
steelmaker Arcelor Mittal.
Steelmakers are enjoying not only solid demand but also are benefiting from market consolidation which is improving their pricing power.
Joining the ranks of EAF
steelmakers with facilities in all three North American nations is Europe's Mittal Steel.
The world's
steelmakers now produce 1 billion tons of steel annually, and it does not look like that number is likely to shrink back under 1 billion any time soon.
An agreement on the envisioned joint venture would further strengthen the ties between the two
steelmakers.
Buoyed by import tariffs, the country's two largest
steelmakers reported vastly improved second-quarter results, as mills operate at nearly full capacity and prices rise, reported The Wall Street Journal.
Commerce Department issued a preliminary ruling on Wednesday that Japan's
steelmakers are selling large-diameter welded steel pipes in the United States below fair market values and slapped up to 30.8% antidumping tariffs on Japanese imports.
Latin American
steelmakers are keeping a close eye on Washington.
steelmakers, found itself unable to cope with these combined market factors, and the company incurred losses in seven of the nine years between 1982 and 1990.
steelmaker - a worker engaged in making steel