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.
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.
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.
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.
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.
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, 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.
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.
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.
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.
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.
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 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.
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.
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.
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 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.
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.
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.
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.
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 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.
Hypertherm has announced the release of new consumables for PerCut 210M and 450M torches, which are found on all new and upgraded Kjellberg HiFocus systems. According to the company, these Centricut consumables will match or surpass the equivalent Kjellberg version.
The state environment minister has called on a Brazilian steel company to immediately move around 750 people living near its plant in a Rio de Janeiro suburb. Soil there was found to contain up to 90 times the legal limit of toxic and potentially carcinogenic substances including lead and cadmium.
A Turkish company has announced plans to build a $148 million steel pipe-making plant near Houston. Gov. Rick Perry says about 250 jobs are expected to be created at the facility planned for Baytown. Perry on Tuesday announced Borusan Mannesmann will receive $1.6 million from the Texas Enterprise Fund in support of the project.