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Daily news and top headlines for manufacturing professionals

Asarco: Sterlite Won't Complete $2.6B Buyout

October 15, 2008 8:55 am | News | Comments

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.

Rio Tinto: Chinese Commodity Demand Waning

October 15, 2008 5:28 am | News | Comments

Mining giant Rio Tinto Ltd. warned Wednesday that Chinese demand for steel making raw materials, copper and aluminum has slowed.

East Jordan Iron Works Cuts 41 Jobs

October 13, 2008 5:30 am | News | Comments

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.


Union: Severstal Plans Temporary Layoffs

October 9, 2008 5:50 am | News | Comments

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.

ArcelorMittal Expecting Profit Jump

October 9, 2008 5:23 am | News | Comments

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.

Alcoa Lays Off 660 In Texas

October 1, 2008 12:10 pm | News | Comments

Problems with getting electricity, along with turbulent market conditions and inefficiency at the Rockdale smelting plant led to the layoffs, aluminum manufacturer said.

Report: China To Cut Iron Ore Imports

September 26, 2008 5:11 am | News | Comments

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.

Hydro, Vale Join Forces In Brazilian Alumina Project

September 25, 2008 5:55 am | News | Comments

Aluminum company Hydro and metals and mining firm Vale have agreed to construct a new alumina refinery in northern Brazil.


Universal Stainless Plant To Stay Open

September 15, 2008 10:00 am | News | Comments

Company said Monday it agreed with the local union to continue operations at its Bridgeville, Pa., facility while the two sides continue talks.

Union Workers 'Fearless' At Boeing, U.S. Steel

September 11, 2008 5:31 am | by Tim Klass, Associated Press Writer | Airbus, Boeing | News | Comments

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.

Steelworkers Approve 4-Year U.S. Steel Contract

September 10, 2008 5:10 am | News | Comments

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.

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.

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.

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.

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.

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