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Daily news and top headlines for manufacturing professionals

U.S. Cutting Tool Consumption Off 8.2 Pct. Through June

August 14, 2013 12:10 pm | News | Comments

June U.S. cutting tool consumption totaled $155 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 6.6 percent from May and down 12.8 percent from the June 2012 level of $195 million.

Man Dies When Caught In Equipment At Ind. Plant

August 7, 2013 12:39 pm | News | Comments

A coroner says a man has died of multiple blunt-force trauma injuries after being caught in a piece of equipment at a northeastern Indiana steel plant. Whitley County Coroner F. Randall Dellinger says 44-year-old Jeffery Flory of Albion died in the accident Monday night at the Steel Dynamics plant in Columbia City, about 20 miles west of Fort Wayne.

Steel From Collapsed Minn. Bridge To Be Released

August 1, 2013 9:58 am | by Brian Bakst, Associated Press | News | Comments

A legislator wants a chunk of the collapsed interstate bridge to remind him of the dangers of neglected infrastructure. Survivors have sought the crumpled steel as mementos of that deadly day in Minneapolis six years ago on Thursday. Civil engineering instructors and historians see value in the wreckage, too.


Fives Completes Acquisition Of MAG Americas

July 30, 2013 4:16 pm | by Joel Hans, Managing Editor, | News | Comments

Fives has announced its acquisition of MAG Americas by bringing onboard three more of its brands — Cincinnati, Giddings & Lewis and Forest-Liné. The company says its recent purchase will help it strengthen its position in aerospace, renewable energy and mining equipment by increasing its capacity to manufacture the high-precision machine tools used to manufacture complex or high-performance equipment.

Connecticut Spring & Stamping Announces In-House Apprenticeship Program

July 29, 2013 11:56 am | by Connecticut Spring & Stamping | News | Comments

Tailored to the skill sets required for tool and die makers and various spring coiler setup operations, CSS’ program replaces formerly state-funded training for skilled manufacturing workers. A diverse group of eleven people are currently enrolled in the program, including five minorities and two women.

ExOne Expands 3D Metal Printing Capabilities

July 25, 2013 9:06 am | Product Releases | Comments

The ExOne Company has announced that it is adding iron infiltrated with bronze as a new 3D printing material, in addition to an increase in its suite of binder solutions for its 3D printing process. The company hopes that its direct metal printing capabilities will increase opportunities in the industrial marketplace.

German Companies Fined Over Rail Order Collusion

July 23, 2013 7:54 am | News | Comments

Germany's antitrust regulator said Tuesday that it has fined eight companies a total of 97.6 million euros ($129 million) for colluding on orders for railway tracks and related products.ThyssenKrupp GfT Gleistechnik GmbH, a unit of steelmaker ThyssenKrupp AG, was hit with the biggest single fine.

Buy-America Snag Stalls Vegas High-Speed Rail Plan

July 18, 2013 11:08 am | by Michael R. Blood, Associated Press Writer | News | Comments

The government expects loan recipients "to purchase steel, iron and other manufactured goods produced in the United States for their projects," LaHood wrote in the two-page letter to the company, which was released by the agency Tuesday.


Survey: Many Struggling To Comply WIth SEC’s Conflict Minerals Rule

July 18, 2013 9:47 am | by PwC US | News | Comments

The survey found that almost half of the nearly 900 executives surveyed are still in the initial stages of their compliance efforts, while 16 percent have not yet begun gathering information, and 32 percent are still determining if the rule even applies to them.

ArcelorMittal Scraps Plan For Steel Plant In India

July 18, 2013 7:55 am | by Nirmala George, Associated Press | News | Comments

ArcelorMittal, the world's largest steelmaker, has abandoned plans for an $8.5 billion steel plant in eastern India in the second major blow this week to the government's efforts to lure foreign investment. Its decision came a day after South Korean steel giant Posco dropped plans for a steel plant in southern Karnataka state.

Posco Scraps Plan For $5.3B Steel Plant In India

July 16, 2013 7:54 am | by Nirmala George, Associated Press | News | Comments

South Korean steel giant Posco has pulled out of a proposed $5.3 billion steel plant in the southern Indian state of Karnataka in a new blow to government efforts to attract foreign investment to spur growth. The company said Tuesday it scrapped the project because of inordinate delays stemming from local opposition to land acquisition for the project.

N.Y. Senator Calls On MTA To Avoid Chinese Steel

July 12, 2013 1:59 pm | News | Comments

Schumer was responding to criticism over the MTA's announcement that it would be using steel from Angang Steel (Ansteel) Group to make repairs along the Verrazano-Narrows Bridge. Schumer said China heavily subsidizes its steel industry, which makes Chinese steel artificially cheap and allows them to undercut American competitors by up to 25 percent.

New Mich. Partnership Aims To Train Next Generation Of Machinists

July 11, 2013 9:38 am | by Advanced Clean Air Technologies Global | News | Comments

Advanced Clean Air Technologies Global (ACAT Global), manufacturer of lightweight and efficient catalytic converter substrates, is joining a partnership of regional educators, manufacturers and representatives of state veterans and apprenticeship groups to train a new generation of workers for careers in advanced manufacturing technology.


Alcoa To Close Smelter, Blames Aluminum Prices

July 1, 2013 7:59 am | News | Comments

Aluminum giant Alcoa said Friday that it will close a smelting facility in Italy, its latest move to trim costs as it grapples with lower aluminum prices. Alcoa was already tamping down production at the Fusina smelter in Venice, Italy, three years ago, citing weak aluminum prices and the need to stay competitive.

Record $11M Fine For Illegal California Gold Mine

June 14, 2013 9:12 am | by Don Thompson, Associated Press | News | Comments

Regulators say the miners have continued to scrape valuable ore from a ridge about 45 miles east of the state capital even though two of the operators also face criminal charges in El Dorado County. Joseph Hardesty and Rick Churches have another court appearance set for Friday.

Timken Panel To Review Steel Business Strategy

June 11, 2013 7:39 am | News | Comments

Timken Co. said Monday it has formed a strategy committee to consider separation of steel business from its bearings businesses. The committee is made up Joseph Ralston, who will serve as chair of the panel, and the other eight independent and non-Timken family members of the board of directors. Goldman Sachs will assist the committee in its evaluation.

ArcelorMittal Sells Stake In Canada Unit For $1.1B

May 31, 2013 8:04 am | News | Comments

A group led by South Korean steelmaker POSCO and China Steel Corp. had entered into a joint venture that owns ArcelorMittal iron ore mining and infrastructure assets in Quebec. The deal was originally announced in January. ArcelorMittal, which is based in Luxembourg, still owns 85 percent of the joint venture.

Italy Seizes $1.5B From Steel Family

May 22, 2013 2:05 pm | News | Comments

Prosecutors allege in the order Wednesday that the real estate, stocks and other financial assets belonging to the Riva family were obtained through the misuse of funds belonging to the Ilva steel plant. Brothers Emilio and Adriano Riva, founders of the company that owns the plant, are currently under investigation for fraud.

Chinese Rice Contaminated With Cadmium

May 21, 2013 8:22 am | News | Comments

An official notice Tuesday said mills in Hunan province's Youxian county were ordered to suspend business and recall their products after samples showed excessive cadmium levels. It said the mills had been operating legally and sourced their rice from local farmers.

Alcoa Expanding Tenn. Plant

May 2, 2013 2:08 pm | News | Comments

ALCOA says resurgent auto manufacturing is creating demand for its aluminum products and it will expand its plant in Tennessee. The Daily Times first reported the company will create 200 new jobs with a $275 million expansion of its rolling mill in Alcoa, Tenn. Some 400 construction jobs will be created in building it.

Bremen Castings: Making Heavy Industry A Safer Place

May 1, 2013 12:32 pm | by Joel Hans, Managing Editor, | Articles | Comments

In a heavy industry, where potential hazards are numerous, reaching one million hours of safe operation is a remarkable achievement, and it’s one that Brown attributes not only to that “big stick,” but also a dramatic shift in company culture, simply by being aware of safety down to the smallest loose cable and scratched knuckle.

Historic Mine Shutting Down After Gold Price Drop

April 25, 2013 2:02 pm | News | Comments

U.S. Silver & Gold is shutting down its historic Drumlummon mine because it costs more to produce an ounce of gold than it's worth, the company announced. During the first three months of 2013, the mine near Marysville produced just over 2,100 ounces of gold at a cost of nearly $2,300 per ounce.

Outokumpu Cuts 2,500 Jobs

April 25, 2013 8:55 am | News | Comments

Finnish metals group Outokumpu Oyj says it will slash 2,500 jobs worldwide in the next four years to cut costs by $455 million. The world's leading stainless steel maker says about a third of the job cuts will be applied this year, mostly in Germany, Sweden and Finland, in line with production capacity reductions and streamlining.

Agency Ordered Steel Test For Bay Bridge In 2008

April 17, 2013 11:54 am | News | Comments

At least some of the failed rods are located beneath that cap and cannot easily be replaced, state transportation officials have said. Finding a fix for them could take weeks or even months, which could delay the planned Labor Day opening of the new span.

Arkansas Legislature Approves Steel Mill Funding

April 16, 2013 9:30 pm | by Michael Stratford, Associated Press | News | Comments

Arkansas is set to provide a new steel company with $125 million in financing and a package of tax breaks to build a mill in the northeast part of the state after the Legislature gave final approval to the plan on Tuesday. By an 81-9 vote, House lawmakers passed a Senate-approved budget bill to fund Gov. Mike Beebe's proposal.

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