World’s largest steelmaker sold off part of its stake in steel company China Oriental to two European banks to comply with Hong Kong stock exchange rules.
Company is raising the spot market prices for carbon steel products by $75 per ton for all new orders, effective immediately.
Officials with Latrobe Specialty Steel say they'll use temporary workers to continue production while 350 union steelworkers are on strike.
Esmark Inc. says it has accepted a buyout offer valued at about $669 million from India's Essar Steel Holdings.
Company said the new price hikes are necessary to offset sharply higher energy and operating supply costs amid continued strong market demand.
World's biggest steel maker has signed a deal to buy iron ore from Brazilian miner Vale for the next 10 years.
Michigan-based IntraBond plans to build a plant in South Carolina, creating 45 new jobs.
World's second-largest stainless steel maker, Outokumpu Oyj, has sold its last copper assets, in a move to further concentrate on core stainless production.
Michigan-based Citation will close a Butler, Ind., aluminum factory in July to focus on its iron business.
Ball Corp. said Wednesday it will close an aluminum beverage can manufacturing plant in Kent, Wash., that employs 111 people.
Steelmaker plans to build a $450 million plant on the Tennessee-Tombigbee River in Alabama's economically depressed Black Belt region.
Maker of engineered bearings and alloy and specialty steel products, said Friday it opened new plants in India and China.
Olympic Steel Inc., which processes steel into industrial products, will build a $10 million, 100,000-square-foot plant in Sumter, S.C.
More than a thousand workers at Kremikovtzi rallied outside the plant to protest delayed salary payments and demand a final decision on the fate of the factory.
Guards used tear gas on some of the 3,600 striking workers trying to storm a factory owned by the Arcelor Mittal Galati steel company to demand higher wages.
Miner said it is not aware of any move by China to take a substantial stake in it, responding to a media report that helped boost the company's shares.
Aleris International announced it will close its alloy facility in Shelbyville by the end of the second quarter of 2008.
Carlos Becerra says the government has decided to nationalize the country's largest steel maker, Sidor, only days after announcing takeovers of major cement companies.
Japan's top maker of steel girders has stopped exports with the strong yen and soaring steel scrap prices cutting into profit.
United Steelworkers union, angered by Esmark Inc.'s plan to lay off workers at Wheeling-Pittsburgh Steel Corp., is in talks with Severstal, urging them to pursue a buyout of the company.
Company says 4 to 6 percent increase reflects increased demand for stainless steel products and the need to recover increased costs of steel production.
Brazilian steel maker has held talks with French government officials on the possible purchase of an ArcelorMittal plant that unions say is set for closure.
Civil lawsuit against aluminum maker Alcoa, filed by a Middle Eastern company, is halted while federal prosecutors determine if the company broke any laws.
Steelmaker said it increased its stake to nearly 50 percent and provided Troy, Mich.-based auto parts supplier with a $50 million loan to help the company reduce its debt.