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.
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.
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 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.”
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.
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.
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.
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 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.
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 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.
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.
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.
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.
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.
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.