The Month in Metals

  • Indictment alleges Chinese hackers spied on US firms Jul 01, 2014

    The Justice Department accuses military group of breaking into the computers of American companies with business ties to the country.

  • Big River Steel clears big hurdle with Arkansas permit Jun 01, 2014

    John Correnti’s project took a big step forward when environmental officials rejected Nucor’s complaints and upheld an air permit ruling.

  • Walker assumes helm of new Global Brass Jan 01, 2008

    Global Brass & Copper Inc., East Alton, Ill., the former Olin Corp. metals business acquired by New York-based KPS Capital Partners LP, has named John H. Walker as chief executive officer.

  • ArcelorMittal makes another china foray Jan 01, 2008

    ArcelorMittal, keen on making its presence felt in China, is paying $647 million for a 28.1-percent stake in China Oriental Group Co. Ltd., making it the only Western steelmaker to own significant stakes in two of the country’s steel mills.

  • BHP’s Rio bid begins battle of titans Jan 01, 2008

    BHP Billiton’s $140-billion offer for Rio Tinto set the market abuzz in November and looked likely to spark a bidding war following reports that China’s biggest steelmaker was preparing to crash the party.

  • What is it with Ohio and steel projects? Dec 01, 2007

    A greenfield boom may be in the works in the middle of the Rust Belt.

  • Steelmakers taking a hard look at climate change Dec 01, 2007

    Global steel producers are beginning to warm to the challenges presented by climate change.

  • PEOPLE The Russians come and heads roll at UC Rusal Nov 01, 2007

    Heads were spinning, and rolling, as Russia’s United Co. Rusal, the world’s largest aluminum producer, put new managers in place and sent a few packing.

  • PEOPLE Final Act for the rastogi brothers Nov 01, 2007

    The curtain has opened on what may be the closing act in a multinational fraud case involving India-born brothers Virendra and Narendra Rastogi, dozens of associates, two wives, a mistress, their defunct metals trading companies and losses in the hundreds of millions of dollars.

  • The scrap metals industry’s brave new world Nov 01, 2007

    A pair of billion-dollar-plus deals has changed the game for an industry that has resisted large-scale consolidation until now.

  • Ryerson chief has last laugh Oct 01, 2007

    CHICAGO — Neil S. Novich, chairman, president and chief executive officer of Ryerson Inc., was given a new lease on his job following a proxy fight for control of the company’s board at Ryerson’s annual meeting.

  • USS’ shopping spree is not over yet Oct 01, 2007

    U.S. Steel Corp., Pittsburgh, has shelled out more than $3 billion to acquire two steel producers operating in different markets.

  • Ameristeel bids $4.2B for hot texas beams Sep 01, 2007

    Gerdau Ameristeel Corp., Tampa, Fla., has agreed to acquire Chaparral Steel Co., Midlothian, Texas, in a deal valued at $4.22 billion, or $86 per share, which would expand its reach into the profitable structural steel sector.

  • Ryerson going private via $2B buyout Sep 01, 2007

    Private equity firm Platinum Equity LP is preparing to make a big jump in its metals service center holdings with the addition of industry giant Ryerson Inc. to its portfolio, which for the past 18 months held the three service center companies in PNA Group Inc.

  • Some say aye, some nay, and others just don’t know Aug 01, 2007

    The debate over steel futures is creating a ruckus in what is usually a quiet season. Amidst it all, a voice has emerged asking for help in understanding what these contracts really mean for his business.

  • Steel’s man of hour Dan DiMicco Aug 01, 2007

    As Daniel R. DiMicco prepared to speak during luncheon ceremonies at the Steel Success Strategies XXII conference in New York in June, he reached for his eyeglasses.

  • One we saw coming Aleris inks agreement to buy wabash alloys Aug 01, 2007

    The two leading U.S. secondary aluminum smelter groups will become one during the third quarter, provided no glitches derail a definitive agreement for Aleris International Inc. to buy Wabash Alloys LLC from Connell LP for $194 million.

  • The return of Sandy Nelson Jul 01, 2007

    When Maurice S. Nelson Jr. retired last year from the chief executive officer’s post at Earle M. Jorgensen Co. after its $984-million sale to Reliance Steel & Aluminum Co., most of his service center industry colleagues expected him to spend time visiting France and perhaps joining some corporate boards.

  • $7.7 billion for Ipsco Who’d have figured it would be the Swedes? Jul 01, 2007

    Svenskt Stal AB, Stockholm, Sweden, plans to acquire Ipsco Inc., Lisle, Ill., for $7.7 billion, marking the largest of several consolidation moves in the steel industry in recent months.

  • Alcoa aims to be No. 1 again Jul 01, 2007

    With its bid for Alcan, North America’s largest metals producer has put itself squarely in the firing line. The shape of North America’s aluminum industry might never be the same.

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