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.
Steel producer said Tuesday it plans to start steel bar production at a previously idle mill in Kingman, Ariz.
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.
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.
Automaker raising its prices for the Prius and Harrier hybrids in Japan in response to the soaring cost of steel and other raw materials.