Bush backs tariffs

President Bush has imposed tariffs ranging from 8% to 30% on steel imports into the USA.

Krupp Uhde acquires TESSAG Edeleanu

As part of its expansion into the refinery technology market, Dortmund-based Krupp Uhde has acquired the engineering and plant construction company TESSAG Edeleanu GmbH, Alzenau, from the RWE Solutions group.

Metals USA to sell specialty assets

Metals USA Inc. has announced the sale of its Specialty Plates and Shapes operations in Broadview (Illinois, USA), Hazel Park and Grand Rapids (Michigan), and Cleveland and Dayton (Ohio) to ALRO Inc. of Jackson, Michigan.

KTN to raise price of stainless flat products

KTN is to raise the price of stainless flat products by EUR 50 from 1 April.

Arcelor confirms board of directors

In its first meeting held at the headquarters in Luxembourg on 1 March 2002, the Board of Directors of Arcelor has acknowledged its composition as decided upon by the General shareholders' meeting.

BOC and Linde to combine operations

BOC has reached agreement with Linde AG to combine its process plant business based in Murray Hill, New Jersey, USA, with Linde's process plant operation based in Tulsa, Oklahoma, USA.

Three oil firms invest $1.6 billion this year

Three oil and gas companies--ChevronTexaco Corporation of the United States, TotalFinaElf of France and Gulf Indonesia Resources of Canada--have planned a combined investment worth US$1.6 billion this year to develop the Indonesian oil and gas resources.

Consumption of molybdenum will increase

The consumption of molybdenum is expected to increase as a result of the rise in steel consumption.

India–Myanmar gas pipeline

An international consortium proposes to set up a gas pipeline over Bangladesh connecting Myanmar with the Indian states of Tripura and West Bengal.

Nucor invests

Nucor Corporation (Charlotte, NC) is making several investments to insure future growth and profitability.