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  • Watzman, Sweeney step up NMA roles Nov 04, 2008

    The National Mining Association (NMA) has named Bruce Watzman, 53, senior vice president of regulatory affairs, and Katie Sweeney, 42, general counsel.

  • N. America sales drop drives Magna to $215M loss in 3d qtr. Nov 04, 2008

    Magna International Inc. posted a $215-million loss in the third quarter ended Sept. 30 on a 9-percent drop in net sales to $5.53 billion, citing lower North American production sales and complete vehicle assembly sales.

  • Sustainability a key element in choosing materials exec Nov 04, 2008

    The sustainability of both aluminum and steel from “cradle to cradle” was among the chief features of a discussion on raw material choices for automakers during AMM’s 3rd Annual Automotive Metals Conference in Detroit.

  • Con-Way Freight to shut 40 centers, trim about 1% of jobs Nov 04, 2008

    Con-way Freight Inc., a less-than-truckload (LTL) carrier based in Ann Arbor, Mich., said Monday it plans to close 40 service centers across the United States.

  • CN buys rail lines, ferry for $43M Nov 04, 2008

    Montreal-based Canadian National Railway Co. (CN) has acquired the three principal railway subsidiaries of Quebec Railway Corp. (QRC) and a QRC rail-freight ferry operation for Canadian $49.8 million ($43 million).

  • Nonresidential construction on verge of ‘long slide’ Nov 04, 2008

    Nonresidential construction is “on the verge of a potentially long slide” brought on by the credit freeze and economic slump, although one sector that’s been important for structural steel this year remains comparatively healthy.

  • OEMs set work force, capacity cuts as ’09 views dim Nov 04, 2008

    Hammered by the effects of the current economic downturn, some major metals consumers have announced job reductions and/or capacity cuts in the past week, including appliance maker Whirlpool Corp., mining equipment manufacturer Terex Corp. and Tier 1 automotive supplier ArvinMeritor Inc.

  • October auto sales in US plunge to lows not seen in decades Nov 03, 2008

    U.S. auto sales sank to new lows in October for both domestic and foreign automakers in the face of what several said were the worst economic conditions they had seen in decades.

  • October auto sales in US plunge to lows not seen in decades Nov 03, 2008

    U.S. auto sales sank to new lows in October for both domestic and foreign automakers in the face of what several said were the worst economic conditions they had seen in decades.

  • Lakeside workers voting on pact Nov 03, 2008

    Unionized employees of Lakeside Steel Inc., Welland, Ontario, were set to hold a ratification vote Tuesday on a new labor contract.

  • US capable of supplying its energy needs researcher Oct 31, 2008

    Some 98 percent of U.S. natural gas demand can be met by supplies in North America, according to a research executive for a consulting practice, and domestic production in the continental U.S. is increasing.

  • CMC reducing output up to 30% in N. America Oct 31, 2008

    In reaction to a downturn in demand, Commercial Metals Co. (CMC) is reducing its output by as much as 30 percent in North America.

  • Odds favor $5B handout for GM-Chrysler merger Oct 31, 2008

    Odds are looking good for a fast $5-billion cash infusion into General Motors Corp. as a stop-gap measure to facilitate a GM merger with Chrysler LLC within the next two weeks, sources said.

  • MELTING POT Detroit, are you listening? Oct 31, 2008

    As American automakers scratch their heads as to how to move inventory, perhaps they could use the endorsements of a couple of infamous faces from a past economic downturn. Back in 1934, outlaws John Dillinger and Clyde Barrow (of “Bonnie and Clyde” fame) took time out from robbing banks to endorse Ford’s then-new V-8. “I have drove Fords exclusively when I could get away with one,” Barrow wrote in an April 10 letter from Tulsa, Okla., addressed to company founder Henry Ford with a respectful “Dear Sir.” Ford’s V-8 offered “sustained speed” and “freedom from trouble,” and “got every other car skinned,” Barrow gushed. “Even if my business hasn’t been strictly legal, it don’t hurt anything to tell you what a fine car you got in the V-8.” Perhaps with a natural eye for marketing, Dillinger went so far as to suggest a new slogan for Ford “Drive a Ford and watch the other cars fall behind you.” Dillinger noted that he had experience in the matter and could make rival vehicles “taste a Ford’s dust.” Reproductions of letters from both men are displayed at the Henry Ford Museum at the company’s Rouge, Mich., plant.

  • Harlen Van Deilen, founder of VDI, passes away at 85 Oct 30, 2008

    Harlen J. “Van” Van Deilen, founder of Van Deilen Industries Inc. (VDI), a supplier of used processing equipment to the global steel and aluminum industries, passed away Oct. 25 at age 85.

  • No end in sight for Detroit auto woes, consultants say Oct 30, 2008

    Two auto industry consultants predict that North American vehicle sales will be down again in October after sinking to a 17-year low in September, according to speakers at AMM’s 3rd Annual Automotive Metals Conference in Detroit.

  • Despite cutback, Suncor still spending $2.8B on oil sands Oct 29, 2008

    A Canadian energy company has reduced its spending next year—but will still spend Canadian $3.6 billion ($2.8 billion) on developing its oil sands properties.

  • Federal bailout plan leaves Gerard scratching his head Oct 29, 2008

    Leo Gerard, president of the United Steelworkers union, has questioned the prudence of U.S. Treasury Secretary Henry Paulson’s bailout plan.

  • LETTER TO THE EDITOR ‘Using’ isn’t the same as ‘abusing’ Oct 29, 2008

    In regard to a story in your Oct. 28 issue, “China calls on US to avoid abusing trade-relief measures on steel,” China has confused the word “abusing” with “using.”

  • Auto sector said facing restructuring ‘tsunami’ Oct 29, 2008

    A restructuring “tsunami” is poised to sweep across the auto industry as global production volumes dwindle in the wake of tumbling demand.

  • Auto sector said facing a restructuring ‘tsunami’ Oct 29, 2008

    A restructuring “tsunami” is poised to sweep across the auto industry as global production volumes dwindle in the wake of tumbling demand.

  • Federal bailout plan leaves Gerard scratching his head Oct 29, 2008

    Leo Gerard, president of the United Steelworkers union, has questioned the prudence of U.S. Treasury Secretary Henry Paulson’s bailout plan.

  • Cliffs cuts production at two mines, turns off 3 furnaces Oct 28, 2008

    Cliffs Natural Resources Inc. announced Tuesday immediate production cuts at two iron ore mines in Minnesota and turned off three small pellet furnaces, including two at Northshore Mining Co. and one at United Taconite, due to low demand.

  • TadAZ used as ‘cash cow,’ counsel tells British court Oct 28, 2008

    Avaz Nazarov and Abdukadir Ermatov used Tajikistan Aluminium Co. (TadAZ) as a “cash cow” as they exploited the company through “daisy chains” of companies associated with Nazarov’s Guernsey-registered trading business, Ansol Ltd., between 1996 and 2004, London’s High Court was told Monday.

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