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Daily news and top headlines for manufacturing professionals

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.

Citation Closing Aluminum Factory

April 25, 2008 11:50 am | News | Comments

Michigan-based Citation will close a Butler, Ind., aluminum factory in July to focus on its iron business.

Washington State Aluminum Can Plant Closing

April 24, 2008 5:45 am | News | Comments

Ball Corp. said Wednesday it will close an aluminum beverage can manufacturing plant in Kent, Wash., that employs 111 people.

U.S. Steel To Build Plant In Alabama

April 18, 2008 12:10 pm | News | Comments

Steelmaker plans to build a $450 million plant on the Tennessee-Tombigbee River in Alabama's economically depressed Black Belt region.


Timken Opens Plants In Asia, India

April 18, 2008 11:25 am | News | Comments

Maker of engineered bearings and alloy and specialty steel products, said Friday it opened new plants in India and China.

South Carolina To Get Olympic Steel Plant

April 18, 2008 11:14 am | News | Comments

Olympic Steel Inc., which processes steel into industrial products, will build a $10 million, 100,000-square-foot plant in Sumter, S.C.

Workers Protest At Bulgaria's Largest Steel Maker

April 15, 2008 7:10 am | News | Comments

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.

Over 3,000 Workers Strike At ArcelorMittal Company

April 14, 2008 5:36 am | News | Comments

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.

BHP Billiton Unaware Of Any China Bids

April 10, 2008 6:02 am | News | Comments

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.

Aluminum Manufacturer Closing Tennessee Plant

April 9, 2008 10:00 am | News | Comments

Aleris International announced it will close its alloy facility in Shelbyville by the end of the second quarter of 2008.

Union Leader: Venezuela To Nationalize Steel Maker

April 9, 2008 6:57 am | by Fabiola Sanchez, Associated Press Writer | News | Comments

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.

Tokyo Steel Halts Exports

April 4, 2008 6:16 am | News | Comments

Japan's top maker of steel girders has stopped exports with the strong yen and soaring steel scrap prices cutting into profit.

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.

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.

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