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Daily news and top headlines for manufacturing professionals

USW Wants Severstal To Buy Out Wheeling-Pitt

April 2, 2008 11:56 am | by Vicki Smith, Associated Press Writer | News | Comments

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.

AK Steel Raising Stainless Steel Prices

April 1, 2008 6:30 am | News | Comments

Company says 4 to 6 percent increase reflects increased demand for stainless steel products and the need to recover increased costs of steel production.

Gerdau Considers Buying ArcelorMittal Plant

March 31, 2008 5:30 am | News | Comments

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.

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Alcoa Bribery Suit On Hold While Feds Investigate

March 28, 2008 7:10 am | News | Comments

Civil lawsuit against aluminum maker Alcoa, filed by a Middle Eastern company, is halted while federal prosecutors determine if the company broke any laws.

ArcelorMittal Lends Noble $50M, Increases Stake

March 25, 2008 5:45 am | News | Comments

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.

Russian Steel Company Buys Sparrows Point Mill

March 21, 2008 5:55 am | by Jim Heintz, Associated Press Writer | News | Comments

OAO Severstal will buy the fully integrated mill from ArcelorMittal for $810 million, becoming the fourth largest steel producer in the U.S.

Feds Launch Alcoa Criminal Investigation

March 21, 2008 5:35 am | by Ramesh Santanam, Associated Press Writer | News | Comments

U.S. Justice Department has begun an investigation into whether the aluminum maker participated in bribery in the Persian Gulf state of Bahrain.

U.S.-Based Steel Companies’ Shares Increase

March 20, 2008 11:20 am | News | Comments

Shares of several U.S. steel producers rose Thursday as key non-U.S. rivals retreated following an analyst upgrade of United States Steel Corp.

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U.S. Steel Agrees To Fix Air Pollution

March 18, 2008 6:15 am | News | Comments

Pittsburgh-based steel maker has agreed to pay a penalty of $301,800 for past violations and will reduce emissions at two steel plants.

China's Sinosteel Makes Bid For Australian Miner

March 14, 2008 5:16 am | by Rohan Sullivan, Associated Press Writer | News | Comments

Sinosteel launched a $1.1 billion takeover bid for iron ore miner Midwest in the first hostile approach by a Chinese company for an Australian one.

Ohio Company Chooses Arkansas For Steel Mill

March 7, 2008 4:35 am | News | Comments

Tennessee officials say the state lost to a site in Blytheville, Ark., for a new $500 million Warren Fabricating and Machining steel mill.

Beijing Puts Biggest Polluters On Notice

March 5, 2008 5:07 am | by Tini Tran, Associated Press Writer | News | Comments

China's premier promised to cut pollution emissions, conserve energy and shut down outmoded and inefficient factories in heavily polluting industries such as electricity, coal and steel.

Alcoa Investing $1.2 Billion In Aluminum Plant

March 4, 2008 9:37 am | News | Comments

CEO Alain Belda said the money will go to modernizing the 51-year-old aluminum smelting facility and will guarantee 3,900 direct and indirect jobs.

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Metal Parts Maker To Sell Pressure Vessels Unit

March 4, 2008 4:40 am | News | Comments

Reunion Industries has agreed to sell off its pressure vessels division for $64.3 million to an affiliate of Mumbai-based Everest Kanto Cylinder.

Lawsuit Seeks Over $1 Billion From Alcoa

February 28, 2008 4:40 am | by Joe Mandak, Associated Press Writer | News | Comments

Federal lawsuit claims the American aluminum maker overcharged an aluminum company in Bahrain by bribing the company's former officials and the Bahraini government.

Electric Costs Doom Ohio Steel Mill

February 22, 2008 5:29 am | News | Comments

Plans for a proposed $1 billion scrap-based steel mill may have fallen through because of the uncertain future of the state's energy market.

Workers Clean Up Pipe Factory After Explosion

February 22, 2008 5:00 am | News | Comments

After a blast closed a Utah pipe factory, some of the 320 employees are still on the job, making repairs and cleaning up.

EU Environmental Package Could Exempt Some Industries

February 21, 2008 8:20 am | by Robert Wielaard, Associated Press Writer | News | Comments

European Commission, bowing to industry concerns, looks to exempt Europe's steel, chemical and power sectors from having to compensate for the environmental damage they cause.

Sigma Industries Restructures, Settles With Insurer

February 21, 2008 5:45 am | News | Comments

Quebec-based metal components manufacturer streamlined its operations to cut costs and settle with its insurance company for $4.1 million as final payment for a 2005 fire.

European Steelmakers React To Iron Ore Price Hikes

February 21, 2008 5:00 am | by Aoife White, AP Business Writer | News | Comments

Steelmakers disapproved of a massive hike in iron ore prices and called on EU regulators to block miner BHP Billiton's bid for rival Rio Tinto.

Industrial Plant Fire Investigation Postponed

February 20, 2008 4:25 am | News | Comments

Plans to inspect a Wahpeton, N.D. industrial plating plant that was destroyed by fire have been put on hold due to hazardous material at the scene.

Utah Pipe Factory Explosion Injures 11

February 19, 2008 7:55 am | News | Comments

An industrial explosion at Pacific States Cast Iron Pipe leaves 11 workers injured with one in critical but stable condition.

Russian Steel Maker Plans Expansion Into China

February 19, 2008 4:55 am | News | Comments

Evraz Group is seeking to buy Singapore-based steel products maker, Delong Holdings, in a move to expand into China, the world's fastest-growing market.

Authorities To Investigate Industrial Plating Plant Fire

February 19, 2008 4:25 am | by Dave Kolpack, Associated Press Writer | News | Comments

A North Dakota industrial plant where fire broke out Monday and leaked chemicals forcing evacuations, is being inspected to try to determine the fire's cause.

Brazil's Vale In Deal To Raise Iron Ore Prices

February 18, 2008 6:35 am | by Alan Clendenning, AP Business Writer | News | Comments

Miner announced a deal that will raise iron ore prices 65 percent for three major Asian clients amid booming global demand for the raw ingredient used to make steel.

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