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  • Delphi accepts $3.4B private equity infusion; Miller steps aside as ceo Dec 18, 2006

    Bankrupt automotive supply giant Delphi Corp., Troy, Mich., has agreed to accept $3.4 billion in financing from a private equity group led by Appaloosa Management LP and Cerberus Capital Management LP.

  • Magna wins Ford order for F-150 frames at ailing Dana’s expense Dec 15, 2006

    Ford Motor Co. sources have confirmed that Magna International Inc., Aurora, Ontario, has won an order to be a second source of frames for the automaker’s next generation of F-150 pickup trucks, taking business from struggling Dana Corp., Toledo, Ohio.

  • Paulson blasted for lack of China progress Dec 15, 2006

    Despite playing down expectations, Treasury Secretary Henry Paulson came under fire for a lack of progress during his recent trip to China.

  • Navistar posts $185M jump in its costs; faces delisting Dec 15, 2006

    Truck and engine manufacturer Navistar International Corp., Warrenville, Ill., said its steel and precious metal costs had increased $185 million in the first 10 months of this year, while warning that the company will be delisted by the New York Stock Exchange after missing deadlines for financial reporting.

  • Paulson blasted for lack of progress on China Dec 15, 2006

    Despite playing down expectations, Treasury Secretary Henry Paulson came under fire for his lack of progress on his recent trip to China.

  • Machine tool orders slip from six-year high Dec 15, 2006

    U.S. machine tool consumption totaled $368.6 million in October, down 9.9 percent from a six-and-a-half-year high of $409.0 million in September but up 41.4 percent from $260.6 million in October last year, according to a joint report by the American Machine Tool Distributors’ Association, Rockville, Md., and the Association for Manufacturing Technology (AMT), McLean. Va.

  • Longtime counsel for USW Bernard Kleiman dies at 78 Dec 14, 2006

    Bernard Kleiman, a longtime attorney and the United Steelworkers union’s chief steel industry negotiator, died Wednesday of cardiac arrest.

  • GM, Delphi see more delays on labor deals Dec 14, 2006

    Executives of General Motors Corp. and supplier and former subsidiary Delphi Corp. are expecting further delays in efforts to wrap up labor deals and the Chapter 11 reorganization of Delphi.

  • FreightCar America ships out its 100,000th aluminum-body rail car Dec 14, 2006

    FreightCar America Inc., Chicago, has delivered its 100,000th aluminum rail car to a customer, 20 years after the company unveiled its first aluminum-sided coal gondola.

  • Dana names 4 of eight plants on list to close Dec 13, 2006

    Automotive parts supplier Dana Corp., which is operating under Chapter 11 bankruptcy protection, has named four of eight plants it plans to close in the next two years. Further closures are expected to be finalized next year.

  • Quanex unit in deal to buy Atmosphere Annealing Dec 13, 2006

    Quanex Corp., Houston, has agreed to buy the Atmosphere Annealing Inc. subsidiary of Maxco Inc., Grand Ledge, Mich.

  • Galvanizers band together in bid to fight consolidation in industry Dec 12, 2006

    More than a dozen after-fabrication galvanizers have banded together to form the Independent Galvanizers Cooperative (IGC) in an attempt to protect small, independent companies from the current wave of consolidation in the metals industry.

  • FeMet accepting scholarship applications Dec 12, 2006

    Applications for the third year of Ferrous Metallurgy Education Today (FeMet) scholarships are being accepted through March 2, the American Iron and Steel Institute (AISI), Washington, and the Association for Iron and Steel Technology (AIST), Pittsburgh, said.

  • Samuel driving for western US; buys Esco unit Dec 11, 2006

    Samuel, Son & Co. Ltd., Mississauga, Ontario, is moving into the western United States with the acquisition of an engineered metals group known as EMG from parts manufacturer Esco Corp., Portland, Ore.

  • Samuel drives for western US with deal to buy Esco’s EMG unit Dec 11, 2006

    Samuel, Son & Co. Ltd., Mississauga, Ontario, is moving into the western United States with the acquisition of an engineered metals group known as EMG from parts manufacturer Esco Corp., Portland, Ore.

  • Carmakers take last shot ahead of ITC duty vote Dec 11, 2006

    A group of automakers is making one last push to convince the U.S. International Trade Commission (ITC) to end duties on imports of corrosion-resistant steel.

  • Precision Castparts buying GSC Foundries Dec 11, 2006

    Metal components manufacturer Precision Castparts Corp., Portland, Ore., has agreed to purchase GSC Foundries Inc., a privately held company making aluminum and steel structural investment castings in Ogden, Utah, and Saltillo, Mexico.

  • Automakers award $15M contract for lithium iron phosphate battery Dec 11, 2006

    A consortium of the Big Three automakers has issued a $15-million technology development contract for a lithium iron phosphate battery to A123Systems, a Watertown, Mass.,-based nanoscale electrode technology company.

  • Automakers award $15M contract for lithium iron phosphate battery Dec 11, 2006

    A consortium of the Big Three automakers has issued a $15-million technology development contract for a lithium iron phosphate battery to A123Systems, a Watertown, Mass.,-based nanoscale electrode technology company.

  • Senate OKs expanded offshore drilling in Gulf Dec 11, 2006

    Steel and manufacturing groups are celebrating the passage of a bill that will allow for increased exploration for oil and natural gas in the Gulf of Mexico.

  • US-Korea talks on FTA accord a bust in Mont. Dec 08, 2006

    The troubled free-trade agreement (FTA) negotiations between the United States and South Korea broke down last week at a meeting in Montana.

  • Traders doubt more changes to China taxes Dec 08, 2006

    Chinese steel traders think it is unlikely that their government will further adjust steel export taxes in the middle of December, as it has been widely expected to do.

  • Sorry, de-manufacturing is here to stay Dec 08, 2006

    Dozens of major U.S. manufacturing industries continue to lose large portions of their home market to foreign-produced goods, according to a new report addressing import penetration.

  • Metals gain influence on index Dec 08, 2006

    Global investment bank Lehman Brothers Inc. is recalibrating its commodity index for 2007, with metals gaining at the expense of energy and other sectors.

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