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 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.
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 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.
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.
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.
The South African Press Association reports mining strikes that have halted work at seven gold and platinum mines have spread to the chrome sector. The official news agency quotes a strike leader saying some miners at Samancor Chrome stopped work Friday demanding a minimum take-home pay of $1,560.
Ormet reopened the shuttered Burnside alumina plant in late 2011, after the plant had been closed for five years, but says that reduced demand caused by rising power rates in Ohio has forced the company to wind down operations in Ohio and Louisiana.
Australian miner Lynas Corp. says it has secured the Malaysian government's approval to fire up a controversial rare earths plant. The operating license ends months of delays sparked by safety concerns surrounding the Australian company's plans to process rare earths crucial for manufacturing high-tech products.
U.S. Steel and the United Steelworkers announced a tentative agreement Sunday on a three-year contract covering more than 16,000 workers at domestic facilities. Details of the contract were not announced. The union said members will vote after reviewing details over the next few weeks.
Bankrupt steelmaker RG Steel is working with creditors to resolve issues surrounding the sales of its steel mill facilities. Creditors for the most part are trying to preserve their property and access rights to material they own at the Sparrows Point mill near Baltimore.
The EPA is proposing tighter limits on nitrogen oxide (NOx) emissions than called for by plans offered by Minnesota and Michigan. It's considering requiring a new type of "low NOx" burner for taconite pellet furnaces that already has been tested at U.S. Steel's Minntac plant. That type of burner can cut NOx pollution by up to 70 percent, said Douglas Aburano, a section chief with the EPA.
Exposed on a vertical face, rock climbers rely on their instincts, experience and, as importantly, their equipment. For C.J. Howard, a northern California-based climbing enthusiast, as with all climbers, the shoes are important. But as a lower-leg amputee, even more important is the customized prosthetic foot that he designed with climbing partner and environmental/aerospace engineer Mandy Ott.
Authorities say a new industrial plant in Hanceville is expected to create as many as 30 local jobs in its first phase of operation. The Cullman Times reports that Morris-based Kennedy Galvanizing Inc. will locate the new plant on 24 acres of industrial property in a $2.75 million dollar project.
Schnitzer Steel Industries Inc. said Tuesday it will cut about 300 jobs as part of a restructuring plan designed to save the company $25 million in annual operating costs. The company also issued earnings guidance for the current quarter well below average Wall Street predictions, blaming lower sale prices for many of its products.
China has slightly increased this year's quota for rare earths exports under controversial controls on the exotic minerals needed by manufacturers of mobile phones and other high-tech products. The Commerce Ministry said Wednesday the quota for the second half of this year will be 9,770 tons.
South Africa's defense minister apologized Tuesday to angry miners who held up plastic packets of bullet casings, the first government official to beg forgiveness for the police shootings that killed 34 striking miners, wounded another 78 and shocked the nation. It was the most deadly display of state violence since apartheid ended in 1994.
An aluminum company embroiled in a dispute over its electricity costs said Monday it has given notice to terminate its power contract, a move signaling that the future of its large western Kentucky smelter is in deep jeopardy. Century said it is not obligated to continue operating the plant but was looking at options to keep it open.
The Enough Project ranked companies based on efforts to ensure their gadgets aren't paying for the weapons used to terrorize Congolese civilians.
Police moved in on striking workers who gathered near the Lonmin aluminum mine after urging them to give up their weapons and go home.
RG Steel, the nation's fourth-largest flat-rolled steel manufacturer, has sold its Sparrows Point mill for $72 million, among others.
Bill Hammack, the "Engineer Guy," tackles anodizing, the process of corroding aluminum just enough to provide a variety of colors, not to mention a durable coating.
Protests began Friday at the mine when workers walked off the job over a salary dispute and escalated into the killing of two police officers.
Mines and smelters must meet minimum output levels to continue operating, which could shut down 20 percent of the country's production.