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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.


Hypertherm Introduces New Centricut Consumables For Plasma Systems

April 9, 2013 11:53 am | Product Releases | Comments

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.

Brazil: Steel Company Must Move 750 People

April 8, 2013 8:22 am | News | Comments

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.

Turkish Company Plans Steel Pipe Plant In Texas

April 3, 2013 1:58 pm | News | Comments

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.

Hydrogen Found In Damaged Bay Bridge Steel Rods

March 29, 2013 9:57 am | News | Comments

The California Department of Transportation said officials originally discovered that 32 of the 96 rods that have been tightened on the $6.4 billion span snapped two weeks ago. The rods, which are essentially giant bolts, are being used to connect steel earthquake safety devices called shear keys to the bridge's deck and a large concrete cap.

Slovakia Signs Deal To Have U.S. Steel Stay

March 26, 2013 10:14 am | News | Comments

The Slovak government and U.S. Steel signed a deal Tuesday that will ensure the American company remains the owner of a steel mill employing thousands for at least five more years. The negotiations between U.S. Steel and the Slovak government have been going on for months. U.S. Steel has reportedly had purchase offers for the mill in the eastern city of Kosice.


Toenail Clippings To Measure Toxic Exposure In NJ

March 24, 2013 9:11 pm | by Katie Zezima, Associated Press | News | Comments

A plume of hexavalent chromium, a metal used in industrial production that the Centers for Disease Control and Prevention calls a "well-established carcinogen," has spread under Garfield, putting about one-tenth of the city's homes — about 600 structures and 3,600 residents — at risk.

Report: Uncertainty Surrounds $1.1B Steel Mill Plan

March 21, 2013 9:20 pm | by Andrew DeMillo, Associated Press | News | Comments

State economic development officials overestimated the long-term benefits of a proposal to help finance a $1.1 billion steel mill proposed in northeast Arkansas, because they didn't consider uncertainties surrounding the project, according to report released Thursday by a consultant that lawmakers hired.

Mining, Energy Sectors Face Workforce Shortage

March 21, 2013 11:22 am | by Vicki Smith, Associated Press | News | Comments

The report released Thursday by the National Research Council urges new partnerships to tackle the problem of retiring Baby Boomers who cannot readily be replaced. That includes a retooling of higher education to produce more young people competent in science, technology, engineering and math.

Big River Steel CEO Hopes For Fall Groundbreaking

March 20, 2013 2:11 pm | News | Comments

The developer behind a planned $1.1 billion steel mill in northeast Arkansas says he hopes to break ground on the project this fall if everything goes as planned. The Legislature still needs to approve $125 million in state financing for the proposed Big River Steel mill to be built near Osceola.

New Pollution Controls At Del. Steel Mill

March 11, 2013 7:43 pm | News | Comments

Delaware environmental officials say new pollution control equipment installed at a Claymont steel mill will help reduce air pollution in the area. Officials gathered at Evraz Claymont Steel on Monday to tout the completion of the $16.75 million pollution control system.


Chairman Of Struggling ThyssenKrupp Steps Down

March 8, 2013 9:35 am | News | Comments

Steel and elevator company ThyssenKrupp AG says its board chairman is stepping down. Seventy-year-old Gerhard Cromme will leave his post at the end of the month. He said Friday he was quitting to "support a renewal" of the company's top management.

Hospital: At Least 10 Hurt In Ill. Foundry Blast

March 7, 2013 1:37 pm | by Jim Salter and Jim Suhr, Associated Press | News | Comments

At least 10 people were injured, three critically, in an explosion Thursday at a steel castings plant in southwestern Illinois, officials said. The blast happened shortly after 8 a.m. in the cleaning-and-finishing department at the American Steel Foundries plant in Granite City, just northeast of St. Louis.

EU: Mittal Steel Agrees To Suspend Cuts, Closures

February 20, 2013 8:04 am | News | Comments

The EU Commission said Wednesday that CEO Lakshmi Mittal agreed after talks with Industrial Commissioner Antonio Tajani late Tuesday to suspend all restructuring programs until the body publishes its plan to help Europe's steel industry this summer.

How 3D Metal Printing May Change Manufacturing

February 12, 2013 9:43 am | by Penn State | Videos | Comments

At a recent additive manufacturing, or 3D printing, showcase at Penn State, engineers demoed some of the latest technology in the field. Hear from experts about how 3D metal printing may change manufacturing in the United States, and what challenges it faces.

ThyssenKrupp Cuts 2,000 Jobs In Cost-Saving Drive

February 8, 2013 7:59 am | News | Comments

German steelmaker ThyssenKrupp says it will slash at least 2,000 jobs by 2015 as part of a cost-saving drive as the company copes with high commodity costs and the struggling European economy. Essen-based ThyssenKrupp Steel Europe says a further 1,800 jocbs may be lost as it sells parts of the company.

Reliance Buying Metals USA For About $766.1M

February 6, 2013 12:18 pm | News | Comments

Reliance Steel & Aluminum Co. is buying Metals USA Holdings Corp. for about $766.1 million. Reliance said Wednesday that it will pay $20.65 per Metals USA share. That's a 13 percent premium to Tuesday's closing price of $18.30. The companies put the deal's total value at around $1.2 billion.

ArcelorMittal Blames Europe For Nearly $4B Loss

February 6, 2013 8:48 am | by Toby Sterling, AP Business Writer | News | Comments

Charges related to its ailing European business and a drop in the value of its assets saw ArcelorMittal SA, the world's largest steel maker, post a near $4 billion loss for the fourth quarter. The company, based in Luxembourg, said Wednesday its net loss widened to $3.99 billion (€2.94 billion) from $1 billion in the same period a year ago.

New EPA Rules On Cadmium Exposure Raise Liability Risk

February 5, 2013 12:44 pm | by Michael Gruver, Lawyer, Kaye Scholer and Glenn Pogust, Partner, Kaye Scholer | Articles | Comments

Recently, the health risks associated with cadmium exposure has led to increased public attention. For example, in 2010, Wal-Mart and other retailers recalled toy jewelry found to contain high levels of the substance, while that same year McDonalds recalled 12 million collectable drinking glasses after cadmium-containing paint was discovered in the glassware.

OSHA Fines Metal Castings Firm $274,000 For Repeat Violations

February 5, 2013 12:30 pm | by Joel Hans, Managing Editor, | News | Comments

The U.S. Department of Labor’s Occupational Safety and Health Administration announced a citation and proposed fine of $274,500 for Grede Wisconsin Subsidiaries LLC due to 28 health violations. OSHA says the company is a three-time violator of rules against exposing workers to crystalline silica dust.

Ark. Gov. Announces $1.1B Steel Mill Plan

January 30, 2013 11:59 am | by Michael Stratford, Associated Press | News | Comments

The wraps came off Arkansas' largest ever economic development project Tuesday as Gov. Mike Beebe unveiled plans for a $1.1 billion steel mill along the Mississippi River that private investors are poised to build -- so long as legislators approve millions in startup funding.

Graebener-Reika, Inc. Establishes New Headquarters in Reading, Pa.

January 30, 2013 9:46 am | by Graebener-Reika, Inc. | News | Comments

The 12,000 sq. ft. facility houses the company’s engineering, sales and service staff with on-site resource for machining, fabrication and assembly. Additionally, the new facility houses three Reika rotary head tube/pipe cutting machines that are available for demonstration, prototype and volume production.

6 Police Injured In Fight With Steel Workers

January 29, 2013 8:25 am | News | Comments

Six Belgian police officers have been injured in scuffles with some 2,000 steel workers protesting plans to lay off 1,300 workers at several plants in Liege. Workers seeking to get close to the regional government offices in southern Namur threw bricks at police. Authorities responded with tear gas and water cannon.

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