Metals
CVRD Mining, Dongkuk Steel Planning $2 Billion Plant
November 20, 2007 8:15 am | News | CommentsBrazil's CVRD mining company and South Korea's Dongkuk Steel Mill site would have initial production capacity of 2.5 million metric tons of steel per year and could double later.
Brazilian Company Buying U.S. Zinc
November 20, 2007 8:05 am | News | CommentsOhio-based Aleris International selling the business to mining and metals company Votorantim Metais for $295 million.
EU: Italian Subsidy Violated State Aid Rules
November 20, 2007 4:18 am | News | CommentsRegulators order Italy to recover $117 million in aid granted to steel company ThyssenKrupp, cement maker Cementir and chemical company Terni Nuova Industrie Chimiche.
Japanese Steel Against BHP Billiton, Rio Tinto Tie-Up
November 19, 2007 4:09 am | by Mari Yamaguchi, Associated Press Writer | News | CommentsChairman of the Japan Iron and Steel Federation says a melding of two of the largest raw-materials suppliers is undesirable for industrial competition and pricing.
Dynamic Materials Buys DYNAenergetics
November 16, 2007 6:45 am | News | CommentsIndustrial metalworking company bought Germany-based manufacturer of clad metal plates and various explosives-related oil-field products for $96.6 million.
U.S. Steel Obtains Employee Training Center
November 16, 2007 5:10 am | News | CommentsPennsylvania-based steelmaker signs long-term lease for the 33,000-square-foot building, where as many as 3,000 employees will be trained.
Steelworkers Skeptical About $1.35 Billion Deal
November 15, 2007 5:19 am | News | CommentsEsmark's purchase of Maryland's Sparrows Point mill was announced Aug. 2 and has yet to close, leaving some union members to question their support of the deal.
Report: Japan's Nippon In Talks With India's Tata
November 14, 2007 4:51 am | News | CommentsSteel companies considering joint production of steel sheets for cars as automakers eye aggressive expansion in India, according to a media report.
Rio Tinto Turns Down $100 Billion BHP Billiton Offer
November 8, 2007 9:53 am | by Andrea Hotter, Dow Jones Newswires | News | CommentsBHP Billiton confirms it approached rival miner Rio Tinto on a potential deal believed to be worth more than $100 billion; the rejection could mean a hostile takeover battle.
Eaton Acquires Hose And Tubing Maker
November 8, 2007 9:45 am | News | CommentsDiversified industrial manufacturer purchases Ontario-based Arrow Hose & Tubing, which had sales of $12 million last year.
ArcelorMittal To Buy Stake In Chinese Steel Company
November 7, 2007 5:34 am | News | CommentsArcelorMittal has been expanding its investments in China, seeking to build its position in the world's biggest steel-making and consuming market.
Mueller Water Closing N.J. Manufacturing Operation
November 6, 2007 4:28 am | News | CommentsClosure will affect 180 U.S. Pipe and Foundry workers at ductile iron pipe manufacturing facility in Burlington.
ArcelorMittal Merger Gets Shareholder Approval
November 5, 2007 10:06 am | News | CommentsOnce the legal documents have been notarized, the merger will take effect Nov. 13, completing the $41 billion process that creates the world's largest steel maker by volume.
Steel Fabrication Company Opening Plant In Idaho
November 5, 2007 5:03 am | News | CommentsUtah-based Petersen Inc. building a new, 250-employee machine facility in Pocatello, Idaho, because the company says it can't find enough qualified workers in Utah.
U.S. Steel Acquires Canada's Stelco Inc.
November 1, 2007 5:52 am | by Daniel Lovering, AP Business Writer | News | CommentsAfter the $1.2 billion deal, U.S. Steel renames the smaller company U.S. Steel Canada Inc. and becomes the world's fifth-largest steel producer.
Minnesota Steel Plant Back On Track
November 1, 2007 5:45 am | News | CommentsIndian firm behind the $1.6 billion plant, also in talks to open a refinery in Iran, assures Gov. Tim Pawlenty it won't do prohibited business in Iran.
Rio Tinto Increasing Shipments To Norsk Hydro
October 31, 2007 11:37 am | News | CommentsMining company to increase its supply of aluminum oxide to Norway's Norsk Hydro beginning in 2011 and continuing through 2030.
Navajo Nation Trying To Reopen Shiprock Plant
October 31, 2007 6:01 am | News | CommentsOnce the factory is working again, its profits will pay off the $2.2 million loan BCDS Manufacturing took out last year, backed by Navajo Nation money.
Vallourec To Buy Three U.S. Businesses For $800M
October 30, 2007 6:11 am | News | CommentsFrench steel tube maker buying Atlas Bradford Premium Threading & Services, TCA and Tube-Alloy from Grant Prideco; companies have combined yearly revenue of $229 million.
European Steel Producers Ask For Chinese Sanctions
October 29, 2007 6:44 am | News | CommentsSteel industry group Eurofer says steel producers are asking the European Union to slap a 40 percent surcharge on soaring imports of below-cost Chinese steel.
ArcelorMittal Buying Stake In Italian Steelmaker
October 26, 2007 7:00 am | News | CommentsWorld's largest steelmaker intends to purchase a 70 percent stake in Carminati Distribuzione Srl.
Striking Metal Workers In Finland Accept Proposal
October 26, 2007 6:51 am | News | CommentsMore than 2,000 workers in the metals and technology industries ended a five-day strike after unions and employers agreed to a mediation proposal in wage talks.
Maryland Steel Plant Ordered To Clean Up Industrial Grit
October 26, 2007 5:59 am | News | CommentsMaryland Department of the Environment found International Steel Group-Mittal Steel N.V. in violation of air emissions regulations.
Aluminum Die Casting Plant Shutting Its Doors
October 26, 2007 5:26 am | News | CommentsLeggett and Platt's Precision Industries closure — blamed on profit loss and eroding margins — will affect 250 workers in Malvern, Ark.
Vietnam Starts Building Nation's Largest Steel Plant
October 25, 2007 6:14 am | News | CommentsCountry hopes $1.6 billion plant, due to be completed in three years, will lessen its reliance on other countries for steel imports.
