steel processing: Pohang Tonghua Iron and Steel Company (Tonghua Iron and Steel) signed an agreement to build a steel processing center, and work together to develop the resources of the Tonghua area. The machining center with an annual capacity may be 5-10 million tons. The end of July this year, Pohang (Liaoning) Auto Parts Manufacturing Co., Ltd. was officially put into operation with an annual capacity of about 170,000 tons.
September 17, 2009, South Korea's POSCO Gwangyang Plate Mill put into operation with a total investment of 1.8 trillion won, the duration of 2 years and 3 months, a capacity of 2 million tons. The steel can production width is 5300mm wide slab mainly produces Ship. Accordingly, the Pohang steel slab production to 700 million tons.
in January this year, the two companies joint venture iron ore mine and infrastructure in Liberia and Guinea to hold talks. The industry generally believe that their interest in mining in Liberia and Guinea are the same, the joint operation may be more competitive. West Africa after Australia and Brazil's third-largest iron ore resources to many large companies are optimistic about the region's mineral resources. Analysts estimate BHP Billiton Guinea project may have 600 million tons of iron ore, ArcelorMittal iron ore project in Liberia has 1.5 billion tons.
Arcelor Mittal plans to invest $ 4,000,000,000 to expand iron ore production, seeking all the self-sufficiency.
Since 2005, Tata metals company in Karnataka and West Bengal two states need to find investment opportunities, but then the size of the project of Karnataka is also very small. Later, after the dismount of the West Bengal project due to land issues, Tata metal Karnataka project demand for land increased from 500 acres to 900 acres.
ThyssenKrupp ThyssenKrupp (750000750000) AG, 23, said it has decided to sever all business relations with Iran, to support international sanctions on Iran's alleged nuclear weapons program. The company said it has assigned all of its branches, including the planned establishment of the industrial plant engineering contractor Uhde, the United States to comply with strict sanctions on Iran.
ThyssenKrupp Steel USA Calvert cold rolling shop of the plant was put into operation in September, and form a complex production and plant production in the earlier hot-rolled production line. Currently, Calvert, plant hot rolling workshop capacity utilization at 20% -25%, to 2011 will reach about 85%. The plant spokesman said the factory is still on the production deployment, this may take several months World Pipe network informed. Calvert the number of factory workers has more than 1400 people will eventually reach 2,700 people.
raw materials: ArcelorMittal and Indiabulls Real Estate Company in India to set up a joint venture to jointly develop Indian coal and iron ore resources. The company will seek to exploit the iron ore, but will not participate in the iron and steel production. Informed sources said the joint venture will be headquartered in the state of Rajasthan World Pipe network informed.
Nippon Steel Corporation and India's Tata Steel is the establishment of a joint venture and to hold further talks in India to build blast furnace. This blast furnace plan 2000-3000 billion yen, with an annual capacity of 3 million tons, is expected to be put into operation in 2013. With the growth of steel demand in India, the joint venture will be built in India, the second blast furnace.
Jindal, India southwest of Iron and Steel Company of JSW Steel,
Japan's JFE Holdings, Inc. (JFE Holdings Inc.) has paid Rs 48 billion for the acquisition of 14.99% shares of the latter.
Tata Steel:
An ArcelorMittal:
ThyssenKrupp:
ThyssenKrupp is also considering to sell its equipment maintenance services subsidiary of ThyssenKrupp Fahrzeugtechnik GmbH, is currently working with several interested investors to start negotiations.
China Shougang holds a leading position in the bid for ThyssenKrupp Metal Forming business transactions, and another involved in an acquisition of the investment side of the British financial investors. It is understood that the deal size may be as high as hundreds of millions of euros.
of JFE company also plans and JSW steel plant in India in building an electrician, factories address may be located in JSW near Vasind plant in Maharashtra (Maharashtra).
Arcelor Mittal and the world's largest mining company BHP Billiton in early September, issued a joint statement, the two have been suspended on a joint discussion in Liberia and Guinea iron ore mining and development of infrastructure, the two companies failed to reached a commercial agreement.
According to the agreement signed by the parties to the contract in July, from July 27 to August 31, day period, if the JSW stock closing average price for two consecutive weeks or 10 working days in a row to reach more than 1365 rupees / shares, or consecutive 5 trading days, or more than 1365 rupees / share and bonds in the 18 months to 1,500 rupees / share converted to ordinary shares of JSW company. If you did not meet the above conditions, the bonds in the 18 months the price of 1331 rupees / share is convertible into ordinary shares of the Company.
Pohang:
Tata Steel may play an important role in the metals company of Tata (Tata Metaliks) new projects in the Indian state of Karnataka (Karnataka), the joint steel project total investment of about Rs 150 billion. This new joint steel plant with an annual capacity will reach 300 million tons and covers an area of about 2500 acres. Tata metals company, said that the Karnataka government will be responsible for the residents of the hands of the land transferred to the companies use. However, the Government has yet to relent mineral resources required for the project.
Nippon Steel
:
Arcelor Mittal Steel said it has agreed to pay 3.5 billion rupees ($ 74.8 million) as 300 billion rupees of its total investment in the Indian state of Karnataka (Karnataka), green steel project covers an area of compensation. ArcelorMittal has been made to the Karnataka Industrial Area Development Board (KIADB) delivered 2.67 billion rupees. Local government commitment to the land compensation of about 1000 farmers in the next few months later, the ArcelorMittal company to get land use rights.
overseas investment: Tata Steel may give up due to opposition from the Vietnamese Government scheme set up factories in Vietnam. Came news from Vietnam's largest state-owned steel mills Vietnam Steel Corporation (Vietnam Steel), the local government of Vietnam to treat the 4.6 million tons annual output of steel mills-green attitude is very tough, but Tata is still a dialogue with the Vietnamese central government, and is currently also did not cancel the project plan. Tata hope the Government can give a definite answer, if Vietnam is to stop the introduction of any steel project, Tata would then choose to cancel the project.
, the Karnataka government is Bellary (Bellary), a total of approximately 4000 acres of land acquisition, ArcelorMittal pursuant to the construction of a 600 million tons of annual production capacity of the joint steel.
raw materials
: Pohang Iron and Steel Company received the Bolivian government's request to participate in the South American iron ore development projects may jointly develop ElMutun this South America's second-largest and the world's seventh largest mine, the mine is estimated reserves of about 40 billion ton. Mine half the reserves ElMutun mining rights in 2007 the India's Jindal Steel and Energy Company (JSPL), the Pohang requested to develop an additional 50% of the project.
raw materials: India's Tata Steel said, will spend 135 billion rupees ($ 300 million) acquisition of 80% of the shares of the DSO iron ore project in Canada to expand the supply of raw materials. DSO ore confirmed and possible ore reserves of 64.1 million tons, is expected to begin production in 2012, the annual output of 4 million tons. Under the agreement, Tata Steel will be the global market price to buy all the iron ore produced by the project, mainly to supply the European company Corus.
of JFE:
Pohang AAPC plate processing center (POSCO America of Alabama Processing Center) the completion ceremony was held in September, the total plant investment of about $ 19 million a designed annual capacity of 120,000 tons. The AAPC processing center broke ground in February of this year, and put into operation for the southeastern United States a number of car manufacturers supply car panels. In addition, the region has more than 400 electrical appliances and spare parts manufacturers. It is understood that the processing of large-scale steel by land, arriving in the AAPC.