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.
Steelmaking giant OAO Severstal says it will buy Pennsylvania-based PBS Coals Corp. in an all-cash deal for about $1.3 billion.
Suburban steel manufacturer plans to shutter its Libertyville, Ill., plant and modernize its Chicago operations, bringing 350 manufacturing jobs with it.
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.
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.
World's largest steelmaker said it will acquire all of London Mining Brasil's shares from London Mining PLC for $810 million.
Russian mining and metals company has launched a medium-section mill in Romania following renovations, the company said Monday.
Brazilian mining giant says it will spend $5 billion on a new steel mill complex and related operations in the Amazon state of Para.
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.
Company reached an agreement with the United Steelworkers on a new four-year contract covering about 16,000 union workers.
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.
World’s largest steel maker said Thursday it will spend $1.6 billion to build new steelworks that will supply surging demand in Brazil.
Steelmaker has completed its acquisition of Esmark Inc. for $760 million plus the assumption of debt and loans.
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.