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Daily news and top headlines for manufacturing professionals

Brazilian Steel Maker Invests $1.4B In Peru

September 2, 2008 6:10 am | by Andrew Whalen, Associated Press Writer | News | Comments

Gerdau S.A., Latin America's biggest steelmaker, hopes its investment will transform Peru into a regional steel powerhouse that can profit from Brazil's building boom.

USW Authorized To Strike Against ArcelorMittal

August 28, 2008 5:30 am | by Daniel Lovering, AP Business Writer | News | Comments

Members of the United Steelworkers voted to give the union authority to launch a nationwide strike against the world's largest steel producer if ongoing negotiations fail.

Nucor To Restart Idled Kingman Steel Plant

August 27, 2008 11:20 am | News | Comments

Company plans to restart the Arizona facility by mid-2009 with an initial production target of 250,000 tons per year of reinforcing rods known as rebar.

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OSHA Fines Alabama Metal Company

August 27, 2008 11:17 am | News | Comments

Occupational Safety and Health Administration has proposed $138,500 in penalties for AAR Summa Technology for 31 safety and health violations.

USW Asks For Strike Authority Against ArcelorMittal

August 27, 2008 5:54 am | by Daniel Lovering, AP Business Writer | News | Comments

United Steelworkers asked more than 14,000 of its members to allow it to call a strike if ongoing contract negotiations fail with the world's largest steelmaker.

USW To Vote On Strike Against ArcelorMittal

August 26, 2008 11:35 am | by Daniel Lovering, AP Business Writer | News | Comments

United Steelworkers union has authorized a strike vote on Wednesday for all 14,000 members nationwide if contract negotiations with the global steel giant fail.

Nucor Acquires Ambassador Steel For $185M

August 26, 2008 6:20 am | News | Comments

Steel producer buys Auburn, Ind.-based Ambassador Steel Corp. to expand its presence in the Midwestern, Gulf Coast, and southeastern regions of the U.S.

Nucor To Restart Operations At Idled Mill

August 26, 2008 5:30 am | News | Comments

Steel producer said Tuesday it plans to start steel bar production at a previously idle mill in Kingman, Ariz.

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Alcoa Laying Off 300 Workers Over Power Disruptions

August 25, 2008 5:15 am | by Mike Obel, AP Business Writer | News | Comments

Aluminum maker will lay off about 300 workers at a Texas smelter and is suing the plant's power supplier, claiming it caused power disruptions that forced the firings.

ArcelorMittal, USW Continue Contract Talks

August 25, 2008 4:50 am | News | Comments

With a labor contract set to expire Sept. 1, the United Steelworkers union in Weirton, W. Va., is hoping it can soon reach an agreement with ArcelorMittal.

Toyota Raising Hybrid Prices In Japan

August 25, 2008 4:46 am | by Yuri Kageyama, AP Business Writer | News | Comments

Automaker raising its prices for the Prius and Harrier hybrids in Japan in response to the soaring cost of steel and other raw materials.

Russian Steelmaker Buying PBS Coals

August 22, 2008 6:33 am | News | Comments

Steelmaking giant OAO Severstal says it will buy Pennsylvania-based PBS Coals Corp. in an all-cash deal for about $1.3 billion.

Tempel Steel Moving Ops From Suburbs To Chicago

August 22, 2008 5:15 am | News | Comments

Suburban steel manufacturer plans to shutter its Libertyville, Ill., plant and modernize its Chicago operations, bringing 350 manufacturing jobs with it.

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Firms To End Lead Wheel Weight Use In California

August 21, 2008 6:20 am | by Marcus Wohlsen, Associated Press Writer | News | Comments

Settlement comes about a year after an environmental group took legal action, claiming the weights were falling off cars and trucks and polluting the state's drinking water.

U.S. Steel Workers’ Profit Share At Record High

August 21, 2008 5:25 am | News | Comments

Union official says the 14,000 union steelworkers employed by U.S. Steel are getting a record-setting share of the steelmaker's second-quarter profits.

ArcelorMittal Buys Brazilian Iron Ore Miner

August 20, 2008 4:50 am | News | Comments

World's largest steelmaker said it will acquire all of London Mining Brasil's shares from London Mining PLC for $810 million.

Mechel Upgrades Mill In Romania

August 18, 2008 11:15 am | News | Comments

Russian mining and metals company has launched a medium-section mill in Romania following renovations, the company said Monday.

Vale Spending $5 Billion On Amazon Steel Mill

August 14, 2008 10:21 am | News | Comments

Brazilian mining giant says it will spend $5 billion on a new steel mill complex and related operations in the Amazon state of Para.

Russian Steelmaker Buys John Maneely Co. For $3.5B

August 13, 2008 5:40 am | News | Comments

Novolipetsk Steel signed an agreement to expand its presence in the U.S. by buying U.S. steel pipe and tube manufacturer John Maneely Company for $3.53 billion.

U.S. Steel Reaches Tentative Agreement

August 12, 2008 11:25 am | News | Comments

Company reached an agreement with the United Steelworkers on a new four-year contract covering about 16,000 union workers.

Brazil's Vale Mining Company Ships Record Amounts

August 7, 2008 6:20 am | by Alan Clendenning, AP Business Writer | News | Comments

Much of world's largest iron ore producer’s shipments head to China, where demand for steel has sent prices for iron ore skyrocketing in recent years.

ArcelorMittal Spending $1.6B For Brazil Expansion

August 7, 2008 6:10 am | News | Comments

World’s largest steel maker said Thursday it will spend $1.6 billion to build new steelworks that will supply surging demand in Brazil.

Russia's Severstal Completes Esmark Acquisition

August 5, 2008 5:40 am | News | Comments

Steelmaker has completed its acquisition of Esmark Inc. for $760 million plus the assumption of debt and loans.

Recycling Surges With High Metal, Fuel Prices

August 5, 2008 5:28 am | by Ramit Plushnick-Masti, Associated Press Writer | News | Comments

Individuals and businesses bring in scraps like copper wire, brass bits and cans, hoping the junk will be worth a tank of gas or a cart of groceries.

ArcelorMittal To Build Steel Mill In Mexico

August 4, 2008 5:10 am | News | Comments

World's largest steelmaker said Monday it would build a $600 million steel mill in Mexico and buy a coking coal plant in the U.S.

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