Marking time: the steel industry has found strength through consolidation.In the throes throe n. 1. A severe pang or spasm of pain, as in childbirth. See Synonyms at pain. 2. throes A condition of agonizing struggle or trouble: a country in the throes of economic collapse. of the steel industry depression, the Section 201 tariff tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic on imported steel was put in place to give the domestic steel industry a chance to survive the horrific hor·rif·ic adj. Causing horror; terrifying. [Latin horrificus : horr  re, to tremble + -ficus, -fic. slump SlumpA temporary fall in performance, often describing consistently falling security prices for several weeks or months. , which sent more than two dozen steel companies into Chapter 11. When Pres. George George, river, c.345 mi (560 km) long, rising in a lake on the Quebec-Labrador boundary, E Canada. It flows N through Indian Lake (125 sq mi/324 sq km) to Ungava Bay (an arm of Hudson Strait). W. Bush invoked Section 201 status, one of the basic goals was for the domestic steel industry to "get its financial house in order." The Bush Administration said that the tariff would allow domestic steel companies to consolidate from a slew of ailing companies into fewer, but healthier, mills that could better compete in the global market place. To some extent that has happened, and at quite a brisk Brisk as a proper name may refer to:
Mittal Mittal is a gotra of the Agrawal community, often used as a last name. It may refer to:
n. 1. A cobblestone. 2. Geology A rock fragment between 64 and 256 millimeters in diameter, especially one that has been naturally rounded. 3. cobbles See cob coal. tr. together from disparate, often closed steel mills, such as LTV LTV See: Loan-to-value ratio Steel, Bethlehem Bethlehem, city, United States Bethlehem, city (1990 pop. 71,428), Northampton and Lehigh counties, E Pa., on the Lehigh R. near Allentown and Easton; inc. as a city 1917. Local manufacturing, once dominated by the giant Bethlehem Steel Corp. and Weirton Weirton, city (1990 pop. 22,124), Brooke and Hancock counties, NW W.Va., in the industrial Northern Panhandle, on the Ohio River; settled 1790s, inc. 1947. Its industries include coal mining and the manufacture of steel, chemicals, cans, and bottles. Steel), the company has now made an unsolicited un·so·lic·it·ed adj. Not looked for or requested; unsought: an unsolicited manuscript; unsolicited opinions. unsolicited Adjective bid to acquire Luxembourg-based Arcelor, the second largest steel company in the world.
2002
FEBRUARY JULY AUGUST
International Steel Nucor Corp. completes Brazil's Gerdau S.A.
Group (ISG), formed by its acquisition of acquires Co-Steel
investor Wilbur Ross, Trico Steel. operations.
acquires the assets of
the former LTV Corp.
SEPTEMBER DECEMBER
Steel Dynamics Inc. Nucor completes its
completes its purchase acquisition of Birming-
of Qualitech Steel ham Steel Corp.
SBQ's mini-mill in
Pittsboro, Ind.
2003
FEBRUARY FEBRUARY MARCH
International Steel Steel Dynamics agrees Nucor acquires North
Group (ISG) reaches to purchase the Star Steel's Kingman
an agreement to ac- Jeffersonville, Ind., Ariz., plant.
quire the assets of assets of GalvPro
Bethlehem Steel Corp. LLC. The plant can
produce 300,000 to
350,000 tons of hot-
dipped, cold-rolled
galvanized steel.
APRIL DECEMBER
A U.S. Steel bid for Nucor enters an
assets of bankrupt option to purchase
National Steel Corp. assets of the
wins court approval American Iron
over a competing bid Reduction plant in
from AK Steel. Convent, La.
2004
APRIL JUNE JUNE
ISG succeeds in its ISG outbids Leggett & Nucor announces that
bid to acquire the Platt for Georgetown it has entered into
assets of Weirton Steel's mill in South an agreement to
Steel Corp. Carolina. purchase substantia-
lly all of the
steelmaking assets of
Corus Tuscaloosa.
SEPTEMBER DECEMBER
A Gerdau Ameristeel Ispat International com-
subsidiary acquires pletes its acquisition
most of the assets of LNM Holdings and
North Star Steel. changes its name to
Mittal Steel.
2005
APRIL SEPTEMBER OCTOBER
Mittal Steel com- Mittal Steel acquires Severstal and joint
pletes its acquisi- a 26.67 percent stake venture partner
tion of International in Hunan Valin Steel SteelCorr, announce
Steel Group. Tube & Wire Co., a plans to build steel
large Chinese mill in Mississippi.
steelmaker.
OCTOBER NOVEMBER
Steel Dynamics an- Mittal Steel completes
nounces its plan to its acquisition of Kryo-
acquire Roanoke Elec- virzstal, a carbon steel
tric Steel. long products producer
headquartered in the
Ukraine.
2006
JANUARY FEBRUARY FEBRUARY
Mittal announces Moly Cop Steel, an Arcelor acquires
offer for Arcelor. affiliate of South 88.38 percent of
Africa's Scaw Canada-based Dofasco
International, Steel.
completes purchase of
Canadian steel com-
pany Altasteel Ltd.
A complete list of acquisition activity
within the steel industry is available
at www.RecyclingToday.com.
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