Acquisition of bankrupt copper miner Asarco for $2.6 billion by India-based Sterlite Industries is in doubt after Sterlite said it was backing out of the deal.
Mining giant Rio Tinto Ltd. warned Wednesday that Chinese demand for steel making raw materials, copper and aluminum has slowed.
Company has laid off almost 10 percent of its work force because of slowdowns in the housing industry and heavy duty truck and trailer business.
United Steelworkers said about 800 workers at Russian steelmaking giant OAO Severstal's facilities in Steubenville and Mingo Junction, Ohio, will be temporarily laid off.
World's largest steelmaker said Thursday it expects profit and cash flow to rise in the final six months of 2008 despite a slowing economy.
Problems with getting electricity, along with turbulent market conditions and inefficiency at the Rockdale smelting plant led to the layoffs, aluminum manufacturer said.
China to cut back on iron ore imports due to a pricing issue, which has long been a point of contention between Beijing and its foreign raw materials suppliers.
Aluminum company Hydro and metals and mining firm Vale have agreed to construct a new alumina refinery in northern Brazil.
Company said Monday it agreed with the local union to continue operations at its Bridgeville, Pa., facility while the two sides continue talks.
On picket lines in Seattle and production lines in Pittsburgh, union workers show no fear in demanding a hefty chunk of the profits from Boeing and U.S. Steel.
Chief union negotiator says deal, which covers 16,000 workers at 14 domestic plants, is the best basic steel contract in the past 30 years.
Finance Ministry has barred investments in the Anglo-Australian mining company because of concerns over environmental damage at a mine in Indonesia.
Latin American steel company will invest $4.2 billion over the next five years to build a flat steel plant in Mexico to bolster production capacity.
Brazil's Magnesita SA will pay nearly 394 million in cash and stock to buy LWB Refractories, a German company that makes products used in the steel industry.
Major Chinese steel maker has joined with smaller partner Liuzhou to set up a venture to be called the Guangxi Iron & Steel Group.
Country's biggest producer of alumina has set up a subsidiary based in Tibet to conduct mineral exploration, mining and smelting in the Himalayan region.
Steel maker said the surcharge amount accounts for the reported prices for raw materials and energy used to make its electrical steel products.
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.
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.
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.
Occupational Safety and Health Administration has proposed $138,500 in penalties for AAR Summa Technology for 31 safety and health violations.
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.
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.
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.