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Daily news and top headlines for manufacturing professionals

Congress Considers Doing Away With The $1 Bill

November 30, 2012 11:43 am | by Kevin Freking, Associated Press | News | Comments

Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years. Vending machine operators have long championed the use of $1 coins because they don't jam the machines, cutting down on repair costs and lost sales.

Freak Tornado Hits Disputed Steel Plant In Italy

November 28, 2012 1:21 pm | News | Comments

A freak tornado struck a steel plant in southern Italy on Wednesday just days after its owners announced their intention to close what is Europe's largest steel facility. One person was reported missing and some two dozen were injured when the tornado struck Wednesday, the ANSA news agency said.

Steel Dynamics Plans New Railroad Steel System

November 28, 2012 8:28 am | News | Comments

Steel maker Steel Dynamics Inc. said Tuesday it will build a new heat-treating system capable of producing 350,000 tons of steel per year at its structural and rail division facility in Columbia City, Ind. The system will be used to make steel rails for the railroad industry.

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French Minister Wants ArcelorMittal Out

November 26, 2012 7:51 am | News | Comments

France's new government minister for industrial recovery says he wants international steel giant ArcelorMittal out of the country. ArcelorMittal infuriated many on the French left and beyond by announcing Oct. 1 that it planned to stop the furnaces at its plant in the northeastern town of Florange. It gave the French government 60 days to find a new owner.

Companies, NGOs, Investors On Challenge To Conflict Mineral Rule

November 20, 2012 10:55 am | News | Comments

Since 2009, a multi-stakeholder group has been working together to develop an agenda for action to address the conflict in the Democratic Republic of Congo (“DRC”) by cutting off funding from trade in conflict minerals. Recently, a petition was filed by the National Association of Manufacturers, the US Chamber of Commerce, and the Business Roundtable for judicial review of the final rule implementing Section 1502.

Analyst Sees Better Conditions For Steel Makers

November 19, 2012 12:25 pm | News | Comments

The steel sector jumped in Monday trading with Credit Suisse seeing a better supply landscape at the start of the year, thanks to rising demand and better prices. Domestic suppliers have grappled with weak demand because of the global economic slowdown. That situation has been worsened because of imports and new U.S. steelmaking facilities.

Gearing Up For Curiosity

November 15, 2012 9:40 am | by Joel Hans, Managing Editor, Manufacturing.net | Airbus, Boeing | Articles | Comments

Forest City Gear (FCG), currently based in Roscoe, Illinois, was founded in 1955, but was recently tasked with one of its most important missions to date: building the gears for critical mechanical functions in the Mars Curiosity rover.

Dennen Steel Opens First Southern U.S. Plant

November 12, 2012 1:20 pm | News | Comments

Dennen Steel cut the ribbon on its steel stamping facility to serve the Southern USA market. Mississippi Governor Phil Bryant cut the ribbon on the new $7 million facility. Dennen Steel Chairman Andrew Dennen reported that “we are making a significant investment here because we projected growth opportunities with existing and new customers in the region.”

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On Disclosing ‘Conflict Minerals’

November 5, 2012 2:28 pm | by by Joel Hans, Managing Editor, Manufacturing.net | Articles | Comments

Under a recent SEC rule, public companies must acknowledge if their supplies of tantalum, tin, gold or tungsten originate from the Democratic Republic of Congo or its nine adjoining countries. Because of a complex global supply chain, compliance isn't exactly a walk in the park.

Legal Case Over WTC Steel Is Settled

October 23, 2012 11:30 am | News | Comments

The Port Authority of New York and New Jersey and a Canadian company have settled a lawsuit over steel for an antenna that will sit atop One World Trade Center. The Manhattan lawsuit had said the company refused to ship remaining steel for the spire while demanding about $6 million in payments for another project.

A Manufacturing History Lesson

October 23, 2012 11:26 am | by Jonnatha Mayberry, Associate Editor, Chem.Info | Blogs | Comments

Today, it is well-known that women work in the manufacturing field, but it is also well-known that women are greatly outnumbered by men on the factory floor. “According to the National Association of Manufacturers, about a third of all manufacturing workers today are women,” CNN Money reports.

WTO: China Duties On U.S. Steel Unfair

October 18, 2012 12:04 pm | News | Comments

The WTO appeals panel said China was wrong in the way it put duties on U.S.-made grain-oriented flat-rolled electrical steel. China had argued that the tariffs were legitimate because U.S. "Buy American" provisions and state government procurement laws amount to a subsidy for the products, which are used in items such as transformers.

Dennen Steel Opens Plant In Mississippi

October 16, 2012 5:04 pm | News | Comments

Dennen Steel Corp. has opened its new manufacturing facility in the northeastern corner of Mississippi. The Grand Rapids, Mich.-based company is investing about $7.4 million in the Mississippi plant, creating 50 jobs. The project was announced in 2010, and construction started in July 2011.

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Port Authority Sues Steel Company Over WTC

October 15, 2012 8:11 am | News | Comments

The Port Authority of New York and New Jersey has filed a lawsuit claiming a steel company failed to deliver steel pieces needed to complete the antenna that will sit atop One World Trade Center. The lawsuit filed Friday in Manhattan Supreme Court accuses ADF Steel Corp. of refusing to ship the remaining steel for the needle, which will be 408 feet tall when completed.

Alcoa Cuts Demand Outlook

October 10, 2012 11:59 am | by Sandy Shore, AP Business Writer | News | Comments

Alcoa Inc. has slightly lowered its aluminum demand expectations for the rest of the year largely because of China's economic slowdown. Alcoa, which makes aluminum for a wide range of businesses, predicted aluminum demand would grow 6 percent this year, down from 7 percent in the previous quarter.

Engineering Crucial Element To Burgeoning Firearms Industry

October 9, 2012 11:47 am | by ATW Companies | Articles | Comments

Firearm sales have increased exponentially over the past few years. As manufacturers seek to meet demand while decreasing costs, reducing weight and increasing durability, the spotlight is turning to engineering and design capabilities in the industry. Engineered metal solutions, such as metal injection molding (MIM), will be key to meeting the challenges of this booming industry.

Platinum Producer Fires Striking Miners

October 5, 2012 11:08 am | News | Comments

Anglo American Platinum fires 12,000 striking South African miners for staging an unlawful strike. Strike leader Gaddafi Mdoda said Friday he was one of about 12,000 mineworkers who received emails or SMS messages telling them they had been dismissed.

Egyptian Steel Magnate Jailed For Money Laundering

October 4, 2012 8:21 am | News | Comments

An Egyptian court on Thursday convicted a Hosni Mubarak-era steel magnate of money laundering, sentencing him to seven years in prison and fining him about $3 billion. Ahmed Ezz, also a leader in Mubarak's now-dissolved ruling party, is already serving a 10-year sentence for a corruption conviction last year.

Ancient Remains Show Female Metal Worker

October 3, 2012 11:23 am | News | Comments

An Austrian museum says skeletal remains found in an ancient grave are that of a woman metal worker — the first indication that women did such work thousands of years ago. The Museum of Ancient History says the grave originates from the Bronze Age, which began more than 5,000 years ago and ended 3,200 years ago.

Nippon Steel, Sumitomo Metal Combine To Become No. 2

October 1, 2012 10:38 am | News | Comments

The newly formed entity, Nippon Steel & Sumitomo Metal Corp., said Monday it aims to expand its global operations, especially in China, India and other emerging countries, where demand is expected to grow, while consolidating operations in the shrinking Japanese market.

China's Biggest Steelmaker Shuts Mill

September 27, 2012 8:21 am | News | Comments

China's biggest steelmaker has closed a mill in Shanghai due to lack of demand in a new sign of the country's economic malaise as companies and investors look for signs of a long-awaited rebound in growth. Baosteel Group said it was closing the facility to avoid mounting losses amid weak demand for steel plate.

Auction Date Set For Sparrows Point

September 25, 2012 3:52 pm | by Alex Dominguez, Associated Press | News | Comments

The mill outside Baltimore employed more than 2,000 before RG Steel filed for bankruptcy, and employees have been hoping the liquidators would find buyers interested in operating the mill again instead of dismantling it. Hilco is advertising the mill on its website as one of the world's largest steel mills with rare access to a deepwater port.

FEMCO Introduces 23-Station Horizontal Lathe At IMTS

September 21, 2012 9:56 am | Manufacturing.net | Product Releases | Comments

FEMCO Inc. has introduced the HL-35DMSY lathe, which uses the company's patented 23-station Durga turret. The new machine also uses two spindles with a Y-axis and 11 live tool stations.

Ko-ga-me Brings 3D CNC Measuring To Almost Any Process

September 19, 2012 2:51 pm | Product Releases | Comments

Mitutoyo has announced the availability of its new Ko-ga-me measurement head, which was desinged to increase capacity in applications where a compact, high-performance, 3D CNC, 2- or 3-axis measurement system is needed. The Ko-ga-me is only 17.3" x 16.1" x 4.6', and weighs 17.6 pounds, which makes it agile enough for any customer to mount it using an available fixed base or a moving-axis mounting system of the customer's own design.

Alpha To Close 8 Mines, Cut 1,200 Jobs

September 18, 2012 8:00 am | by Vicki Smith, Associated Press | News | Comments

Coal producer Alpha Natural Resources says it's eliminating 1,200 jobs, including 400 with the immediate closing of eight mines in Virginia, West Virginia and Pennsylvania. Chief Executive Officer Kevin Crutchfield says the layoffs begin with the mine shutdowns Tuesday. The rest will come by the end of the first quarter.

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