Novelis Inc. says it will invest $120 million to install a third aluminum automotive sheet finishing line and expand recycling of automotive scrap at its production plant near Oswego. The company says the expansion will create 90 jobs at its facility in the town of Scriba, and other upgrades to the plant also will be made.
Unionized steelworkers in three states are delivering groceries and toys collected for the families of workers laid off from Ormet Corp.'s aluminum smelter along the Ohio River. The United Steelworkers said items collected by members in Ohio, West Virginia and Pennsylvania were being delivered Monday and Tuesday from a union hall north of the shuttered plant in Hannibal, Ohio.
An explosion Sunday at a steel plant near Detroit killed one worker and injured two others, United States Steel Corp. said. Operations were halted at the plant while an investigation began.The accident happened overnight at U.S. Steel Great Lakes Works in Ecorse, said company spokeswoman Courtney Boone.
These conflict minerals — cassiterite, wolframite, coltan and gold — are mined in the DRC by various rebel groups and those who, generally speaking, do not bind themselves to any threshold of human rights. Because minerals mined in these countries go through a complex network of middlemen in the region and in East Asian processing plant, the exact source of a particular batch of gold can be difficult, if not impossible, to find.
German steel company ThyssenKrupp has agreed to sell its U.S. steel plant business to two competitors for $1.55 billion. Following extended speculation over the deal, ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. said Friday they will jointly acquire the ThyssenKrupp Steel USA.
German steel company ThyssenKrupp AG says it's in "exclusive negotiations" about the possible sale of its 3-year-old steel plant in Alabama. It said late Tuesday the outcome of the talks is still open, and its news release didn't name the potential buyer.
Authorities in northeast Arkansas say 18 people were sent to hospitals after a suspected chlorine dioxide leak at a steel mill in Blytheville. Blytheville Fire Chief Mike Carney says the fire department responded to Nucor Steel at about 10 a.m. Sunday. Carney says the department's hazardous materials team decontaminated the workers and contractors who were exposed to the gas before sending them to a hospital.
A labor union seeking the reopening of Ormet Corp.'s aluminum smelter in eastern Ohio is launching a multimedia campaign aimed at Ohio Gov. John Kasich. The United Steelworkers' "Save Ohio Jobs" campaign will be outlined Tuesday.
The Southeast Michigan Purchasing Managers Index (PMI) for Oct. is 63.1, up from 59.9 in Sept., raising the three-month average for the economy to a robust 61.1. A PMI value above 50 generally suggests economic growth. Just over 75 percent of respondents report their expectations are for the economy to remain the same or become more stable.
Swiss prosecutors confirmed Wednesday that a criminal investigation has been opened against one of the world's largest processors of precious metals over allegations that it laundered gold obtained through war crimes.
After the Big River Steel mill was announced in January, Nucor Steel asked legislators to vote against providing $125 million in financing, which wound up passing easily. Now Nucor has filed lengthy objections with the Arkansas Department of Environmental Quality and the U.S. Environmental Protection Agency.
After decades of outsourcing, the resurgence in domestic manufacturing is now America’s favorite comeback story. Factors that once drove companies overseas — including labor and energy costs — are no longer considered insurmountable obstacles. Yet one troubling trend could signal a major complication for returning manufacturers: our nation’s increasing reliance on unstable supply chains of imported minerals.
U.S. Steel Corp. is shutting down its iron and steelmaking plant in Hamilton, Ontario, by year's end as part of a bid to cut costs. President and chief executive Mario Longhi made the comments on a conference call with analysts on Tuesday.
Republican Gov. John Kasich is facing criticism over the indefinite shuttering of Ormet Corp., an aluminum smelting giant along the Ohio River and the onetime largest customer of American Electric Power. About 1,000 workers — mostly unionized steelworkers — are out of work.
While Forest City Gear has the classic mix of longtime and newer employees, who all bring a variety of computer knowledge and machining skills to the job, this company has consistently sought the most advanced equipment on the market, as part of its “Excellence Without Exception” motto and its practical desire to stay ahead of the competition in the global gear market.
The European Union's top court on Thursday ordered Italy to comply with a directive by the bloc's executive arm to fully reclaim 295 million euros ($400 million) of state aid payments that were made to U.S. aluminum giant Alcoa.
As with any business, a metal fabrication company is only as efficient as its management. Because of this fact, metal fabrication management is very important in acquiring shorter lead times, and is sometimes the best way to improve these lead times is by increasing the efficiency of both management and their employees.
The project, one of India's biggest foreign investments, has been mired for eight years by legal hurdles and sustained protests. As India's economy has slowed, however, some legal hurdles have been cleared in recent months, allowing the company to obtain a license to explore for iron ore.
Flow International Corporation (Nasdaq: FLOW) has today announced that it has entered into a definitive agreement to be acquired by American Industrial Partners (AIP), a North American-based private equity firm, in a transaction valued at more than $200 million.
Successful metal fabrication companies are always on a mission to improve their lead times to cut down on operating costs and to increase customer satisfaction. Many managers may try to analyze what the company does or doesn’t need, or which of the available suppliers might be cheaper and/or faster, yet provide them with their company’s specific needs without sacrificing quality in their products.
The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced a new Interagency Agreement with the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) that will make it easier for manufacturers and transit agencies to identify domestically made products, such as rolling stock and other steel and iron components that comply with FTA’s “Buy America” rules.
Headquartered in Columbus, Ohio, Laserflex will expand its South Carolina operations by moving to a new, 63,000-square-foot building in Wellford, which will increase the company’s manufacturing space by 23,000 square feet. The expansion will allow Laserflex to add a range of new operations, including machining, paint and laser tube cutting.
Gov. Bobby Jindal and Benteler Steel/Tube marked the start of construction Monday with a groundbreaking on the company's new $975 million hot rolling seamless steel tube mill in Caddo Parish. The facility will create more than 1,000 construction jobs and an estimated 675 full-time jobs when the facility is at full production capacity.
With the success of the inaugural event in 2012, FABTECH Canada will be back in Toronto in 2014, more expansive than before. The only event of its kind in this country, FABTECH Canada brings the most relevant and important information on industry standards, new products and latest technologies to the Canadian market.
Metals maker Allegheny Technologies Inc. plans to sell its tungsten materials business for $605 million to Kennametal Inc. The Pittsburgh company said Monday that the deal gives it better financial flexibility as Allegheny Technologies, or ATI, focuses on growth opportunities in its high-performance metals and flat-rolled products segments.