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  • MELTING POT The happiest smelter on Earth Sep 19, 2008

    Disneyland doesn’t have anything on a Rio Tinto Alcan aluminum smelter. Tourism in the small British Columbia town of Kitimat dropped 28 percent, with only 2,811 guests signing in at the visitor information center from June 1 to Aug. 31 compared with 3,908 in the same period last year, a decline that tourism director Cheryl Dawson described as “shocking.”

  • Tesla Motors to build $250M plant Sep 19, 2008

    Electric car maker Tesla Motors Inc. has announced plans to build a $250-million manufacturing facility in California’s Silicon Valley.

  • Brown status hearing in GM aluminum case postponed Sep 18, 2008

    A status hearing has been delayed until October for a trader accused in an alleged kickback scheme involving sales of aluminum belonging to General Motors Corp., Detroit.

  • Rebuilt bridge sheds steel for concrete Sep 17, 2008

    The deadly bridge collapse on Interstate-35W in Minneapolis last August has led to another victory for an alternative material in bridge construction concrete.

  • Distributors’ shipments slump in August MSCI Sep 17, 2008

    Steel shipments by distributors in the United States and Canada declined at double-digit rates in August compared with a year ago as economic uncertainty reduced orders to the minimum amounts required, while aluminum shipments also fell sharply, the Metals Service Center Institute (MSCI), Rolling Meadows, Ill., said Wednesday.

  • Parts supplier Federal-Mogul to slash jobs on auto woes Sep 17, 2008

    Auto parts supplier Federal-Mogul Corp. plans to slash some 4,000 jobs—about 8 percent of its global work force—in response to the auto market downturn.

  • Cliffs picks Minnesota site for $15M biofuel operation Sep 17, 2008

    Cleveland-Cliffs Inc., Cleveland, has chosen a site near Orr, Minn., to construct a $15-million 100,000-square-foot biofuel manufacturing facility.

  • GKN set to buy Airbus plant for $245M Sep 17, 2008

    Britain’s GKN Plc will boost its aerospace manufacturing role, along with its involvement in composite structures, with the acquisition of the Filton, England, facility of Airbus SAS.

  • Ex-Metaldyne execs plead guilty to selling trade secrets Sep 17, 2008

    Three former employees at auto parts supplier Metaldyne Corp. have pleaded guilty to charges related to alleged selling of trade secrets to a Chinese competitor, according to federal prosecutors.

  • Milwaukee Wire changing name; expands into China Sep 17, 2008

    Milwaukee Wire Products, a direct supplier of engineered components and assemblies to the automotive industry, has changed its name and ventured for the first time into China to try to reach the Asian nation’s growing demand for automotive supplies.

  • Trade groups collaborating to promote manufacturing Sep 17, 2008

    The Precision Metalforming Association (PMA) has joined forces with the National Tooling and Machining Association (NTMA) to strengthen industry advocacy efforts for small and medium-sized manufacturers.

  • ATI not expecting earnings lift from titanium until 2010 Sep 17, 2008

    Allegheny Technologies Inc. (ATI) isn’t looking for its titanium and other high-value metals businesses to help spur a resurgence in the company’s earnings until 2010, its top executive indicated this week.

  • Fording stock falls on doubts about Teck buy Sep 16, 2008

    Shares in Fording Canadian Coal Trust tumbled for the second consecutive day Tuesday as speculation intensified that its $14-billion takeover by Teck Cominco Ltd. might be in jeopardy because of the unfolding U.S. credit crisis.

  • Auto slowdown drives Aug. industrial output down 1.1% Sep 15, 2008

    U.S. industrial output tumbled 1.1 percent in August, led by a huge drop in automobile production, according to the latest government data.

  • LME suspends Lehman Bros. on bankruptcy Sep 15, 2008

    Investment bank Lehman Brothers Inc. was suspended from trading on the London Metal Exchange’s electronic trading platform Monday as traders sought to assess the extent of the company’s exposure to the commodities market following its shock bankruptcy filing.

  • LME suspends Lehman on bankruptcy Sep 15, 2008

    Investment bank Lehman Brothers Inc. was suspended from trading on the London Metal Exchange’s electronic trading platform Monday as traders sought to assess the extent of the company’s exposure to the commodities market following its shock bankruptcy filing.

  • Cliffs picks site for $15M biofuel operation Sep 15, 2008

    Cleveland-Cliffs Inc., Cleveland, has chosen a site near Orr, Minn., to construct a $15-million 100,000-square-foot biofuel manufacturing facility.

  • Eurofer lukewarm on emissions trading Sep 12, 2008

    The European Parliament has voted in favor of the European Commission’s proposal on emissions trading in a move that has drawn a mixed response from steel industry association Eurofer.

  • Manufacturing feels impact as July trade deficit swells Sep 12, 2008

    The U.S. trade deficit widened more than expected in July, according to federal data.

  • Manufacturing feels impact as July trade deficit swells Sep 12, 2008

    The U.S. trade deficit widened more than expected in July, according to federal data.

  • MELTING POT From Russia with Love Sep 12, 2008

    A selection of Severstal OAO’s top executives descended on London last week, shoring up investor confidence during a turbulent time for Russian companies, market sources told Melting Pot. Alexei Mordashov, chief executive officer of the Cherepovets-based steelmaker, and several of his top managers met representatives of the London investment community. “They are very bullish, saying steel prices are very strong. It’s done them good because they are here and prepared to discuss the issues,” said one analyst who attended the presentation. Prime Minister Putin’s attacks on rival steelmaker OAO Mechel and Russia’s military conflict with neighboring Georgia over South Ossetia mean confidence has dipped in the Russian economy over the summer. The meeting with investors was arranged before the Mechel case and the trouble in South Ossetia broke out, but Severstal sources say it was timely. The value of Severstal’s global depository receipts on the London Stock Exchange dropped from $28.05 on May 16 to as low as $13.09 last week.

  • ***NOTICE Sep 11, 2008

    Due to technical problems, subscribers may not have received the Sept. 11 issue of AMM. The issue is available for download at http//amm.com/.

  • Federal bailout of US automakers likely Sep 11, 2008

    The prospects for a large-scale bailout of the nation’s automakers took a significant step forward this week when it won support from key Department of Energy officials, as well as backing from House Speaker Rep. Nancy Pelosi (D., Calif.).

  • Quinn to succeed Naasz as NMA chief Sep 11, 2008

    The National Mining Association (NMA) has selected its new leader from within, electing mining association attorney Harold P. Quinn as president and chief executive officer.

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