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More than 50 Steel of West Virginia Inc. workers will be out of work by the end of November.
AK Steel Holding Corp. said Monday it will raise base prices for all 200-, 300- and 400-series flat-rolled stainless steel products by 6 percent to 9 percent starting Jan. 3.
AK Steel Holding Corp. posted a sharply lower third-quarter profit Tuesday compared with a year ago, but nonetheless broke a string of three consecutive quarterly losses and said it expects shipments to pick up in the final months of the year.
United States Steel Corp. lost money for a third straight quarter as the global economic downturn dragged down demand for the metal used in everything from cars to office furniture.
A former employee of Danielle Steel who embezzled more than $400,000 from the romance novelist has pleaded guilty to wire fraud and tax evasion.
Domestic steel prices are on the rise as demand increases and inventories remain weak, though investors may be cautious as prices for Chinese steel declines in the short term, an analyst said Wednesday.
The city's welcome sign proudly proclaims Weirton was "forged by steel." Yet the ArcelorMittal steel mill is only a fraction of what it once was, down to 1,000 workers from the 14,000 of its heyday.
China affirmed its determination Thursday to tighten control over its huge steel industry and press foreign miners to cut iron ore prices, announcing a three-year ban on new mills and saying it wants more influence over costs.
Among the earnings stories for Tuesday, July 28, from AP Financial News:
United States Steel Corp. became the latest American steel company to report a loss in the April-June quarter as the slumping economy continued to drag down the industry's biggest customers.
China's stolen secrets case against an Australian working for Rio Tinto Ltd. may have more to do with Beijing's push to tighten control over its huge steel industry than trying to dampen industrial espionage.
AK Steel Holding Corp., a supplier of steel for cars and trucks, on Tuesday posted a second-quarter loss of $47.2 million, partly due to shrinking demand from the battered auto industry. But the results beat Wall Street expectations.
A new steel processing plant could bring a $15 million investment and eventually 50 jobs to Lowndes County, the company's president and economic development officials said.
Spying accusations against four Rio Tinto Ltd. employees have complicated contentious price talks between China and iron ore suppliers that without an agreement could disrupt the global industry.
United States Steel Corp. plans to recall about 800 laid-off workers at a plant in Canada this summer, partly to avoid possible severance payments required under a provincial law, a union representative said Monday.
China is investigating imports of U.S. and Russian steel under anti-dumping rules amid a rise in Chinese imports of the metal.
Despite weaker demand from key auto industry customers, AK Steel Holding Co. still expects second-quarter operating losses to shrink compared with first-quarter results, the steel maker's chief executive said Thursday.
The Canadian government warned United States Steel Corp. on Wednesday that it must live up to its production commitments at the former Stelco Inc. plants in Ontario which it has temporarily shut down.
Production cuts at General Motors Corp. and Chrysler LLC will leave AK Steel with a larger-than-expected loss in the second-quarter, the steel maker said Tuesday.
United States Steel Corp. says it lost $439 million in the first quarter as the recession pinched demand for the metal.
AK Steel Holding Corp., a supplier of steel for cars and trucks, on Tuesday reported a first-quarter loss compared with a year-earlier profit, as the recession continued to dampen demand for the metal.
Steel maker AK Steel Holding Corp. says it posted a first-quarter loss compared with a year-earlier profit, hurt by the recession and declining orders from the auto industry.
China's steelmakers are abiding by international trade rules and reject charges of dumping, government and industry officials said in comments published Friday, amid brewing tensions over surging U.S. imports of Chinese steel.
Producers of steel pipe used in oil and gas drilling on Wednesday filed complaints with U.S. trade officials over alleged unfair competition from Chinese imports they say have flooded the domestic market.
US plans to impose tariffs on Chinese steel pipe imports,Washington has decided to "initiate antidumping and countervailing duty investigations on imports" of Chinese "seamless" pipes used to convey water, steam, chemicals, oil products and natural gas, the Commerce Department said.
(Pics) Kim Kardashian and other Best Celeb Abs(Pics) Kim Kardashian and other Best Celeb Abs
Trade Center Wreckage Finds New Purpose in MemorialsWhen Jeff Cox, a 15-year-old candidate for the rank of Eagle Scout in Windermere, Fla., approached the small town's mayor with park improvement ideas to help earn a badge, the mayor informed him that those projects were already covered.
Steel protest ends privatisationThe Chinese government has been forced to cancel the privatisation of a steel firm following worker protests, the country's state-run media has reported.
Huge column is largest installed at WTC towerBuilders of the tallest office tower under construction at ground zero have set a 70-ton piece of steel into place - the largest column installed yet at the building.
China Accuses Rio Tinto of Long-Term Conspiracy Thinking of doing business with the Chinese government? You'd be wise to take note of how it's handling the Rio Tinto steel and iron ore case: allegations of a long-running conspiracy to steal state secrets and thereby manipulate the annual benchmark prices of iron ore.
Chinese steel executive held as Rio spy probe widens - FT.comBeijing on Thursday detained an executive of Shougang Group, a large Chinese steel group, in a widening probe that has already led to espionage allegations against four employees of Rio Tinto, the Anglo-Australian miner.
Burglar bit through steel bars Police who solved a spate of mystery burglaries were shocked to find the culprit was biting his way through steel window bars.
My trucker friend called this morning. He was enroute to Detroit, Michigan with a load of steel for General Motors. I think he picked the load up in Ohio, but that's beside the point. The point is; he's working.
India-China Trade Tensions RiseChina threatens to bring its opposition to India's toy import ban to the WTO, while India seems poised to restrict other Chinese products...
I made quite a few deliveries in Brooklyn, New York as a steel hauler. I would like to tell you a little bit about this experience.
Steel workers storm ArcelorMittal headquarters in LuxembourgA demonstration on Tuesday of steel workers in front of the Luxemburg headquarters of the world's largest steel concern, ArcelorMittal, reflects the growing class antagonisms building up in Europe and throughout the world.
Super-strength spider silk createdAdding small amounts of metal to spider silk – a material already stronger and lighter than steel – makes it up to 10 times tougher, German researchers report.
AK Steel to idle Middletown workersWEST CHESTER - AK Steel will be idling an undetermined number of workers at its Middletown Works over the next few weeks as it begins the first major blast furnace rebuild in nearly a quarter century.
Vets take 16 inches of steel wire out of cat (Photos)Excerpt: "On New Year's Eve our cat Mashka stole a sausage wrapper from the table. At first we did not care about it, but several days later we began to notice that our pet was behaving itself quite strange.
When the economy slows down, steel haulers know it immediately. If the economy slows a little, steel orders drop and there are fewer loads of steel. If the economy slows significanty, steel orders end and there are no loads to haul.
Steel may give auto industry restructuring roadmap -The 57-year-old steelworker from Port Vue, Pa., lived through painful restructuring that drastically reshaped the domestic steel industry. The most recent crisis, from 1998 through 2003, involved dozens of bankruptcies, huge job cuts and mill closures.
Indiana flirts with coal catastrophe | The Bloomington AlternativeThe spill of coal fly ash from a holding pond in Tennessee on Dec. 22 dumped 1.1 billion gallons of sludge, according to the Knoxville News Sentinel.
As we now know, from Tuesdays headlines, the people of the United States of America were taken advantage by the European Union. Without firing a shot, The E.U.
AK Steel Announces Surcharges for Electrical and Stainless SteelsAK Steel (NYSE: AKS) has advised its customers that a $165 per ton surcharge will be added to invoices for electrical steel products shipped in March 2009.
Trey Ellis: The Obama Effect, the Super Bowl and the Revenge of the Black NerdI'm hoping that we're finally entering into an era that I've been dreaming of my entire life: the rise of the bookish black. The President's election might prove more transformative for black culture than even his most irrepressible admirers could ever dream.
Nippon Steel 'to cut output by record amountNippon Steel Corp. likely will cut crude steel output by 5 million tons, or 15 percent, during the current fiscal year, marking the biggest production cut in the firm's 39-year history, The Yomiuri Shimbun learned Thursday.
Holey Armor Will Protect Military PersonnelScientists from the UK Ministry of Defence (MoD) have devised an ultra-hard vehicle armour to protect military personnel... Unexpectedly, the MoD team has given the armour a protective advantage by introducing holes into it. More Articles
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