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.
China's Sinosteel increased its stake in Australian miner Midwest Corp., increasing its chances of spoiling a rival bid for Midwest from Murchison Metals.
Chinese metals trader raised its stake in Australian iron ore miner and developer Midwest Corp. to 28.4 percent, from 19.9 percent.
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.
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.
World's largest steelmaker bought a 14.9 percent stake in the miner for $606 million and opened discussions about another transaction.
Company president said the temporary shutdown that has idled the metal fabricating plant and its 427 workers would last no longer than June 1.
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.
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.
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.
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.
Aluminum maker and its board of directors were sued over a purported scheme to bribe officials in the Persian Gulf country of Bahrain.
European Union to investigate whether China, Moldova and Turkey are illegally selling steel wire rod at below-cost prices that damage European manufacturers.
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.
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.
Company’s 2008 surcharges are based on reported prices for raw materials and energy used to manufacture the products.
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.