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Daily news and top headlines for manufacturing professionals

Norway Fund Blacklists Rio Tinto

September 9, 2008 7:10 am | by Bjorn H. Amland, Associated Press Writer | News | Comments

Finance Ministry has barred investments in the Anglo-Australian mining company because of concerns over environmental damage at a mine in Indonesia.

Ternium Investing $4.2B In Mexico Steel Plant

September 8, 2008 6:35 am | News | Comments

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.

Magnesita Acquires LWB Refractories

September 8, 2008 5:55 am | News | Comments

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.

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China's Wisco Forms New Steel Making Venture

September 4, 2008 6:25 am | News | Comments

Major Chinese steel maker has joined with smaller partner Liuzhou to set up a venture to be called the Guangxi Iron & Steel Group.

China's Chinalco Unit To Mine, Smelt In Tibet

September 4, 2008 5:25 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

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.

AK Steel Adding Surcharge To Electrical Steel

September 4, 2008 5:20 am | News | Comments

Steel maker said the surcharge amount accounts for the reported prices for raw materials and energy used to make its electrical steel products.

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.

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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.

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.

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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.

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.

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.

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