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Hot Off the Press
Braner Sells Multi-Blanking Line to J&F
Wednesday, March 20, 2002
J&F Steel Corp., Burns Harbor, IN, will soon receive a new multi-blanking line to be designed, manufactured and installed by Braner USA, Inc., Schiller Park, IL. The 72- by 0.015- by 0.125-in. line, rated to 300 FPM, will include a programmable slitter with automatic hands-off setup capability, a shape-correction cassette-type leveler equipped with two interchangeable six-high work-roll cassettes and a power cassette opener for easy maintenance and on-the-fly blank-reject capability. Read more about Braner coil-processing systems at
www.braner.com.
Australia Mostly Exempt from New Steel Tariffs
Wednesday, March 20, 2002
Most--85 percent--of Australian steel exports to the United States will not be affected by the new U.S. steel tariffs, due to recent negotiations between Australia Prime Minister John Howard and the U.S. administration. Australia exports 880,000 tons of steel to the United States each year.
Romanian Steelmaker Exempt from Tariffs
Tuesday, March 19, 2002
The Romanian steel plant owned by Lakshmi Mittal will be exempt from the 30-percent U.S.-imposed duty on steel imports, according to reports out of the United Kingdom. Romania, which last year exported 187,000 tons of steel, is on the list of developing countries, including Argentina, Thailand and Turkey, that will not have to pay the tax when it comes into force on March 20. The U.K. government recently helped Mittal negotiate low-interest loans from the World Bank and the European Bank for Reconstruction and Development, for developing and modernizing its plants.
