Global mining company said Thursday that U.S. antitrust regulators had granted partial approval for its $170 billion hostile takeover bid for rival Rio Tinto.
Increases represent the sixth consecutive annual rise in iron ore prices, as demand for the steel making material soars from China and other developing nations.
Company will add surcharges to all new orders of fabricated aluminum products beginning July 1 to offset rising costs for natural gas, electricity and diesel fuel.
World's largest steelmaker increased its stake in Macarthur Coal to just under 20 percent, days after talks on a possible takeover ended without a deal.
Two steel companies combined to form the world's fifth-largest producer, the latest in a series of government-orchestrated deals aimed at creating globally competitive suppliers.
Metal prices, driven up by increased demand in domestic and overseas markets combined with a shift in the scrap supply chain, has ignited a boom in the scrap business.
COO Gregory Mason says the plants and equipment have never realized their full potential, but Severstal will invest $250 million over five years to make sure they do.
Government will decide within three months whether to allow China's Sinosteel to increase its stake in Australian iron ore miner Murchison Metals.
Essar Steel Holdings had been battling Russia's OAO Severstal to acquire Esmark.
European Union regulators fined five companies that produce aluminum fluoride $7.74 million Wednesday for running a cartel.
Aluminum producer will look into buying a 40 percent stake in a refinery project with a state-owned minerals development company in Vietnam.
Japan's third-biggest automaker will likely raise prices for its vehicles in the Asian nation as the cost of steel and other raw materials soar.
Steelmaker and distributor says it's giving the United Steelworkers until Thursday to organize a buyout bid for the company.
China's biggest steel producer agreed to price hikes of up to 96.5 percent with iron ore supplier Rio Tinto amid surging demand for tight metal supplies.
Aluminum products maker said Monday its board approved a $19 million expansion at its Tennalum unit's facility in Jackson, Tenn.
Residents near a U.S. Steel plant want assurances that the company's planned $1 billion upgrade will reduce air pollution while also hoping it strengthens steelmaking.
Severstal's $670 million offer has the support of the United Steelworkers union.
Grievances have been filed by both Esmark and the union over the proposed sale to India's Essar Steel Holdings.
Russian steelmaker says it's disappointed in a tactic being used by West Virginia-based Esmark to stave off a $650 million takeover bid.
World's largest steelmaker said it will buy Louisiana's Bayou Steel for $475 million and had increased its stake in the Turkish steel company Erdemir to 25 percent.
Steel companies caught using charcoal made from illegally logged forests face $250 million in fines and must replant about 27,181 acres of forest.
Steel producer and distributor rejected a $670 million takeover offer from Russia's OAO Severstal, calling the bid inadequate and inferior.
Welded steel pipe maker said it will build a new tubular products pipe manufacturing facility in the Houston area.
Tangshan Iron & Steel and rival Handan Iron & Steel have begun talks to combine operations in a deal that would create one of China's biggest steelmakers.