POSCO and Nippon Steel agree on joint purchasing operations AFP via Yahoo! News
South Korean steel giant POSCO and Japanese rival Nippon Steel have agreed to jointly conduct purchasing operations for iron ore in the next contract year.
Brazilian steel maker CSN tops rival bid for Corus Los Angeles Times
LONDON — Brazilian steel maker CSN offered Monday to buy Anglo-Dutch rival Corus Group for 4.9 billion pounds ($9.6 billion) in cash, trumping a bid made only hours earlier by India's Tata Steel.
Rival bid for steel maker Corus raises ante to $9.6b Boston Globe
Brazilian steel maker CSN raised the stakes yesterday in the takeover war for Britain's Corus Group PLC with a $9.6 billion bid that topped a sweetened offer by Tata Steel of India.
Steel giants CSN, Tata in new fight over Corus AFP via Yahoo! News
A fresh bidding war for Anglo-Dutch steelmaker Corus has erupted when Brazilian group CSN offered about 5.8 billion pounds (8.6 billion euros, 11.3 billion dollars) shortly after Corus had accepted a lower bid from Tata Steel of India.
Two steel firms need time to close deal The Oregonian
The chief executive of Evraz Group, the Russian company aiming to acquire Oregon Steel Mills Inc., resigned Monday. And both companies announced they expect the deal's Dec. 28 expiration date will be extended to allow time for the U.S. government to review any national security issues.
Russia arms trader seeks steel assets -paper Reuters via Yahoo! Asia News
MOSCOW, Dec 12 (Reuters) - Russia's state arms trader Rosoboronexport, in control of the world's largest titanium producer VSMPO-Avisma , is seeking to buy steel assets, Russian business daily Vedomosti said on Tuesday.
Steel giants CSN, Tata in new fight over Corus AFP via Yahoo! News
A fresh bidding war for Anglo-Dutch steelmaker Corus has erupted when Brazilian group CSN offered about 5.8 billion pounds shortly after Corus had accepted a lower bid from Tata Steel of India.
Steel industry favors duties Steve Hirsch / THE WASHINGTON TIMES The Washington Times
Steel industry executives yesterday pushed for keeping 13-year-old duties on corrosion-resistant steel, which were imposed to head off unfair foreign competition.
Bidding war erupts for the British-Dutch steel group Corus International Herald Tribune
In an attempt to stave off the bid by its Brazilian competitor, India's Tata Steel raised its offer for Corus by 10 percent, valuing it at $9.2 billion.
European shares enjoy steel performance AFP via Yahoo! News
Europe's major stock markets have gained solidly in early trading, buoyed in part by takeover activity amid a renewed bidding war for Anglo-Dutch steel giant Corus.
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