Thomas W. Hofmann to Retire from Sunoco, Inc.

Sunoco, Inc. announced that Senior Vice President and Chief Financial Officer Thomas W. Hofmann will retire effective December 1, 2008. Hofmann, 57, began his career at Coopers & Lybrand (now PricewaterhouseCoopers) and worked in increasingly responsible positions during his 32 years of service at Sunoco, culminating in his being named Chief Financial Officer in 1998. “Over his career Tom has... 

Tag: thomas hoffman sunoco, hoffman sunoco cfo, sunoco inc credit rating, tom hoffman sunoco, thomas hoffman of sunoco

Rising Prices of Iron Ore, Coke, Coal and Other Raw Materials Are the Main Factors to Push up Chinese Steel Prices in 2008

Research and Markets has announced the addition of the “China’s Steel Industry Research Report 2007-2008″ report to their offering. In 2007, China’s crude steel production was 487 million tons, up 15.63 percent year on year. The global crude steel production was 1.316 billion tons, up 8.2%. In terms of the rapid growth of Chinese steel production, at the end of 2007, the proportion... 

Tag: iron ore raising contractor, china steel production capacity 2007, coking coal required for steel, rising cost of iron ore and coke, iron ore prices 2008

Industry Research and Investment Analysis Report on China’s: Iron Ore Mining Industry for 2008

Research and Markets has announced the addition of the “China Industry Research and Investment Analysis: Iron Ore Mining Industry, 2008” report to their offering. The unprecedented growth seen in China, India and Russia has created strong demand for iron ore. China itself consumes over 50% of the world’s iron ore production. The shortage of iron ore will continue until 2011. With... 

Tag: production of iron ore in china 2009, compare china us iron consumption 2009, iron ore production 2009, india iron ore production 2009, world iron iron ore consumption in 2008

ArcelorMittal to Increase Its Long Carbon Steel Production Capacity in Brazil

ArcelorMittal, the world’s leading steel company, today announces new investments of US$1.6 billion in its long carbon steel operations in Brazil. The investments are in addition to the US$1.2 billion of investments previously announced in respect of the expansion of the Monlevade plant in Minas Gerais. These investments will expand ArcelorMittal’s crude steel production capacity in the long carbon... 

Tag: brazil rebar production, monlevade steel mill, arcelormittal wire production tonnes, arcelormittal long carbon, what is long carbon steel

NYMEX to Launch Domestic Hot Rolled Coil Steel Futures Contract

The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc., announced that it plans to introduce a futures contract based on prevailing market prices for hot-rolled steel coil in the U.S. Midwest region (U.S. Midwest domestic hot-rolled coil steel) early in the fourth quarter of 2008. The contract will be financially settled against an index developed by CRU Indices Ltd., a subsidiary... 

Tag: nymex hot rolled coil, u s midwest domestic hot rolled coil steel index, hot rolled sheet prices, steel price cru, hot rolled steel coil prices

ArcelorMittal Announces Acquisition of Koppers’ Monessen Coke Plant

ArcelorMittal, the world’s leading steel company, today announces that it has signed an agreement to acquire the Koppers’ Monessen Coke Plant from Koppers Inc. for $US 160 million. Koppers’ Monessen Coke Plant, located in Monessen, Pennsylvania produced 320,000 metric tons of metallurgical coke in 2007. The transaction is subject to receipt of relevant regulatory approvals. Commenting, Sudhir... 

Tag: arcelor mittal acquisition of koppers monessan coke plant, arcelormittal monesson, arcelor mittal merger news, monesson coke plant, us coke plants

ArcelorMittal Announces Acquisition of Concept Group

ArcelorMittal, the world’s largest integrated metals and mining company, today announces that it has signed an agreement to acquire the Concept Group (“Concept”). Concept, located in southern West Virginia and adjacent to the recently acquired Mid Vol Coal Group in the Central Appalachian Coal Basin, produced 0.8 million tons of metallurgical coking coal in 2007 and has control over recoverable... 

Tag: arcelor acquires concept mining, arcelor mittal acquisition, arcelormittal raw materials, arcelormittal bought concept, arcelormittal signs agreement to acquire mid vol coal group

ArcelorMittal Acquires Outstanding Shares in Rolanfer Recyclage S.A.

ArcelorMittal announces is has acquired the outstanding 60% of the shares in Rolanfer Recyclage S.A. (“Rolanfer”) which now gives it 100% control over the company. Rolanfer is based in Yutz (France) near Thionville on the border with Luxembourg and operates a shredder at the port of Illange. Rolanfer specialises in the processing and recycling of scrap metal products including incinerated scrap,... 

Tag: rolanfer recyclage, arcelormittal acquires, arcelormittal france location, rolanfer, rolanfer recyclage port de thionville illange

ArcelorMittal Acquires Astralloy

ArcelorMittal, the world largest integrated metals and mining company, has acquired Astralloy Steel Products Inc. (“Astralloy”) a subsidiary of IMS International Metal Service. Astralloy operates three warehouses and employs 60 people in North America. Its 2007 revenues were USD 34 million. About ArcelorMittal ArcelorMittal is the world’s largest integrated metals and mining company, with... 

Tag: acquisition of astralloy, arcelormittal top, astralloy, arcelormittal astralloy

ArcelorMittal Increases Shareholding in Macarthur Coal to 19.9%

ArcelorMittal today announces that it has increased its stake in Macarthur Coal Limited (ASX: MCC – News) from 14.9% to 19.9%, following the acquisition of a further 5 % stake (10,607,830 shares) from Talbot Group Holdings. The shares were purchased at $ AUD 20, bringing ArcelorMittal’s total investment in Macarthur Coal to $ AUD 843 million. The purchase is subject to Foreign Investment Review... 

Tag: arcelormittal oil and gas in netherlands, arcelormittal i arcelormittal top, arcelormittal macarthur