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Daily news and top headlines for manufacturing professionals

Violent Protest At Indian Steel Plant Injures 15

June 11, 2008 5:55 am | News | Comments

Police used batons and tear gas to disperse angry villagers trying to storm a steel plant in eastern India in a protest over land compensation, officials said Wednesday.

Kazakhstan Increases Role In Country’s Metals

June 10, 2008 7:40 am | by Peter Leonard, Associated Press Writer | News | Comments

Prime Minister's office said it has become a major stake-holder in the mineral-rich country's two biggest metal companies after a share swap deal.

Sinosteel Purchases 40 Percent Of Australia's Midwest

June 6, 2008 5:03 am | News | Comments

China's Sinosteel increased its stake in Australian miner Midwest Corp., increasing its chances of spoiling a rival bid for Midwest from Murchison Metals.


China's Sinosteel Boosts Midwest Stake

June 4, 2008 5:06 am | News | Comments

Chinese metals trader raised its stake in Australian iron ore miner and developer Midwest Corp. to 28.4 percent, from 19.9 percent.

Steelmakers Try To Block BHP Billiton Bid

May 30, 2008 5:45 am | by Aoife White, AP Business Writer | News | Comments

European steelmakers called for EU regulators to block BHP Billiton Ltd's takeover of mining rival Rio Tinto PLC, saying the deal would allow iron giant to fix prices.

Striking Steelworkers Consider Latrobe's Offer

May 22, 2008 6:15 am | News | Comments

Latrobe Specialty Steel workers are discussing the company's offer of $1.70 in hourly raises over three years as their strike enters its third week.

ArcelorMittal Buys Stake In Macarthur Coal

May 21, 2008 5:28 am | News | Comments

World's largest steelmaker bought a 14.9 percent stake in the miner for $606 million and opened discussions about another transaction.

Beaird Co. Closes Louisiana Plant, Idles Hundreds

May 20, 2008 5:40 am | News | Comments

Company president said the temporary shutdown that has idled the metal fabricating plant and its 427 workers would last no longer than June 1.


Nucor Considering Louisiana For New Plant

May 15, 2008 6:47 am | by Alan Sayre, AP Business Writer | News | Comments

Steelmaker has chosen a tract in southeastern Louisiana as the only possible U.S. site for a $2 billion iron-making plant that would create 500 jobs.

Latrobe Specialty Steel To Resume Talks With Union

May 14, 2008 7:00 am | News | Comments

Steel maker scheduled to resume contract talks on Thursday with United Steelworkers Local 1537 members for the first time since the workers went on strike May 1.

Nucor To Form Joint Venture With Italy's Duferco

May 14, 2008 6:25 am | News | Comments

Steel maker and scrap metal recycler is forming a joint venture with Italy's Duferco S.A. to produce steel beams that will be sold in Europe and North Africa.

BHP Billiton, Rio Tinto Shares Rise On Buyout Rumors

May 14, 2008 5:33 am | News | Comments

Shares of BHP Billiton and Rio Tinto surged as fresh rumors swirled around the companies linked by what could be the largest takeover ever in the mining sector.

Ironworkers' Pension Fund Sues Alcoa Over Bribery

May 9, 2008 5:45 am | by Daniel Lovering, AP Business Writer | News | Comments

Aluminum maker and its board of directors were sued over a purported scheme to bribe officials in the Persian Gulf country of Bahrain.


EU Probes China, Moldova And Turkey Steel Rod Imports

May 8, 2008 5:29 am | by Aoife White, AP Business Writer | News | Comments

European Union to investigate whether China, Moldova and Turkey are illegally selling steel wire rod at below-cost prices that damage European manufacturers.

Essar To Get $20 Million If Esmark Deal Falls Through

May 7, 2008 11:25 am | News | Comments

Steelmaker and distributor Esmark has agreed to pay India's Essar Steel Holdings a $20.5 million fee if Essar's proposed $670 million buyout offer fails.

Congress Mulls Making Pennies, Nickels From Steel

May 7, 2008 5:15 am | by Laurie Kellman, Associated Press Writer | News | Comments

Surging prices for copper, zinc and nickel have some in Congress trying to bring back the steel-made pennies of World War II, and maybe using steel for the 5-cent nickels, as well.

AK Steel Announces Electrical, Stainless Steel Surcharges

May 6, 2008 10:40 am | by Edited By Staff | News | Comments

Company’s 2008 surcharges are based on reported prices for raw materials and energy used to manufacture the products.

ArcelorMittal Sells Part Of Stake In Chinese Steelmaker

May 2, 2008 11:50 am | News | Comments

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.

AK Steel Announces Price Increases

May 2, 2008 11:36 am | News | Comments

Company is raising the spot market prices for carbon steel products by $75 per ton for all new orders, effective immediately.

Steel Plant To Use Temps During Strike

May 2, 2008 5:45 am | News | Comments

Officials with Latrobe Specialty Steel say they'll use temporary workers to continue production while 350 union steelworkers are on strike.

India’s Essar Buying U.S. Steelmaker Esmark

April 30, 2008 7:40 am | by Vicki Smith, Associated Press Writer | News | Comments

Esmark Inc. says it has accepted a buyout offer valued at about $669 million from India's Essar Steel Holdings.

Universal Stainless Raises Tool Steel Product Prices

April 30, 2008 6:05 am | News | Comments

Company said the new price hikes are necessary to offset sharply higher energy and operating supply costs amid continued strong market demand.

ArcelorMittal Strikes Iron Ore Supply Deal

April 29, 2008 7:11 am | News | Comments

World's biggest steel maker has signed a deal to buy iron ore from Brazilian miner Vale for the next 10 years.

Aluminum Panel Manufacturer Building Plant In S.C.

April 29, 2008 5:45 am | News | Comments

Michigan-based IntraBond plans to build a plant in South Carolina, creating 45 new jobs.

Finnish Stainless Steel Maker Sells Copper Assets

April 28, 2008 7:14 am | News | Comments

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.

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