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Daily news and top headlines for manufacturing professionals

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.

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.

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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.

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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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S. Korean Cable Maker Buys Majority Of Superior Essex

August 1, 2008 5:50 am | News | Comments

LS Cable said Friday it has secured 93.92 percent of the shares in U.S. wire and cable manufacturer Superior Essex for a total $834 million.

Report: AK Steel In Talks For Possible Sale

August 1, 2008 5:20 am | News | Comments

News report said AK Steel was seeking an all-cash deal, and that the German steel maker ThyssenKrupp AG and the Russian steel company Evraz have been ‘taking a close look.’

Kaiser Aluminum Posts Energy Surcharge

July 31, 2008 11:15 am | News | Comments

Aluminum products maker announced its surcharges Thursday on shipments to help cover higher energy costs.

Louisiana Tries To Lure Steel Plant

July 30, 2008 10:55 am | News | Comments

Executives at Nucor Corporation have said they're considering the Saint James Parish location and other foreign sites for construction of a $2 billion plant.

AK Steel Invests $21 Million In Pennsylvania

July 21, 2008 6:28 am | News | Comments

Board of directors approved a $21 million capital investment to expand production of high-valued, grain-oriented electrical steels at its Butler, Pa., facility.

Latrobe Specialty Steel Workers Agree On Contract

July 21, 2008 5:50 am | News | Comments

Labor dispute that began May 1 at Latrobe Specialty Steel is ending now that workers have narrowly approved a contract.

Arkansas Aluminum Firm No Longer Public Company

July 17, 2008 5:55 am | News | Comments

Aluminum die-casting firm bought by a publicly traded company in 1996 has returned to private hands under its former name, Pace Industries Inc.

Cleveland-Cliffs Buys Alpha For Nearly $10 Billion

July 16, 2008 12:56 pm | by Mark Williams, AP Business Writer | News | Comments

Its biggest acquisition to date, the cash-and stock deal will create a company with the largest reserves of iron ore and metallurgical coal in the U.S.

AK Steel Raises Prices For Carbon Steel Products

July 15, 2008 6:40 am | News | Comments

U.S.-based steel company raising spot market prices for its carbon steel products by $50 per ton for all new orders, effective Sept. 1.

Severstal Closes WCI Steel Deal

July 7, 2008 10:35 am | News | Comments

Russian metals and mining company on Monday said it completed its acquisition of Ohio steelmaker WCI Steel for $140 million in cash.

EU Widens BHP Billiton-Rio Tinto Antitrust Probe

July 7, 2008 5:20 am | News | Comments

Initial investigation of the proposed acquisition of Rio Tinto by BHP Billiton revealed concerns about higher prices and reduced choice for European customers.

Vietnam Begins Building Steel Plant

July 7, 2008 5:05 am | News | Comments

Work has begun on what will be Vietnam's largest steel plant, part of a $1.7 billion complex that will include a deep-sea port, state-media reported Monday.

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