• GM closes sale of Nexteer to Chinese manufacturer Nov 30, 2010

    The Detroit automaker did not disclose the terms of the sale. However, Xinhua, China’s official news agency, reported the selling price at $420 million. PCM acknowledged that the Nexteer acquisition marks the largest Chinese investment to date in a U.S.-based auto supplier. Saginaw, Mich., will remain the worldwide headquarters of Nexteer and its center for engineering, research and development.

  • GM recalls 700 at Ontario plant Nov 30, 2010

    GM of Canada’s Oshawa, Ontario, assembly plant has added 700 workers to support a second shift on the Flexible Manufacturing Line to prepare for the 2011 launch of the Chevrolet Camaro convertible and the Buick Regal.

  • Big-city gains could be a harbinger for a stronger U.S. manufacturing economy Nov 30, 2010

    New York City business activity expanded at the quickest rate in five months, according to a survey by the Institute for Supply Management-New York. The Current Business Conditions index rose to 65.6 in November from 64.7 in October, up 0.9 points, and the Six-Month Outlook index increased to 71.9 in November from 69.8 in October, a gain of 2.1 points.

  • Northwest Silicon courts offshore customers Nov 30, 2010

    The possible ramp-up of an idled silicon facility by start-up producer Northwest Silicon LLC won’t flood the domestic market with material, a company executive said.

  • Deere & Co. projects stronger 2011, fueled by clean air rules Nov 29, 2010

    Deere & Co. expects demand for its agricultural, forestry and construction machinery to grow significantly in the next 12 months.

  • 'Mac' McAninch dies at 75; founded Universal Stainless and Alloy Products Nov 29, 2010

    Clarence “Mac” McAninch, the founder and recently retired chairman of Universal Stainless and Alloy Products Inc., passed away Nov. 27 following a brief illness, the company announced.

  • Chrysler to invest $843M in Indiana transmission plant Nov 29, 2010

    Chrysler Group LLC said it is looking to invest $843 million in an existing transmission manufacturing facility in Kokomo, Ind., pending the local city council’s approval of a tax abatement proposal.

  • Melting Pot Nov 24, 2010

    Green light

  • Demand sluggish for ferromanganese Nov 23, 2010

    Contract negotiations in the U.S. ferromanganese market have spawned a lull in spot demand as consumers focus on securing the best deals for next year.

  • Massey Energy 'strategic review' may lead to sale Nov 23, 2010

    Massey Energy Co. is undertaking “a formal review of strategic alternatives to enhance shareholder value,” a move that could include a potential sale of the company.

  • Correction Metals USA enters deal to purchase Eagle Steel Products assets Nov 23, 2010

    Due to a reporting error, a story in the Nov. 23 edition on Metals USA Holding Corp.’s deal to acquire Eagle Steel Products Inc.’s assets incorrectly identified the location of one of Eagle’s two plants. Its correct location is Jeffersonville, Ind.

  • Grede's Ind. foundry wins Caterpillar award Nov 23, 2010

    Grede Holdings LLC’s New Castle, Ind., foundry, which casts ductile and gray iron components for the transportation and industrial markets, won a silver certification from Caterpillar Inc. as part of its Supplier Quality Excellence Program.

  • Metals USA inks deal to acquire Eagle Steel Products assets Nov 22, 2010

    Metals USA Holdings Corp. has signed an agreement to purchase certain assets of Eagle Steel Products Inc., which will be renamed Ohio River Metal Services Inc. (ORMS).

  • Senate passes bill in effort to stem the spread of invasive Asian carp Nov 22, 2010

    The U.S. Senate has passed legislation aimed at preventing the invasive Asian carp from spreading into the Great Lakes.

  • Probe uncovers e-waste hazards in prisons Nov 22, 2010

    An investigation of Federal Prison Industries Inc.’s electronic waste recycling program has uncovered numerous health concerns, as well as safety, environmental compliance and theft issues involving inmates who disassemble electronics to recover the metals.

  • Massey starts construction on $65M met coal facility Nov 22, 2010

    Massey Energy Co. has begun construction on a $65-million West Virginia metallurgical coal processing plant that’s due to come online in the third quarter of 2011.

  • Transport agency amends trucking safety guidelines Nov 22, 2010

    The Federal Motor Carrier Safety Administration (FMCSA) has agreed to amend its safety program following trucking industry concerns that the new rules are misleading.

  • Navistar wins $253M order for Marine recovery vehicles Nov 22, 2010

    Navistar Defense LLC has received a $253-million order to deliver 250 International MaxxPro Recovery vehicles to the U.S. Marine Corps.

  • Melting Pot Nov 19, 2010

    As chance would have it…

  • Auto supplier sentiment improves in November Nov 19, 2010

    Auto supplier sentiment has become “somewhat more optimistic,” with an outlook index for companies in the sector jumping nine points in November from a month-earlier 52. But buyers still appear cautious despite increased capital expenditure plans as the industry looks to expand only as vehicle build rates increase.

  • Customer spotlight American Axle’s $850M backlog Nov 18, 2010

    One Tier I North American automotive supplier—whose accountants warned in March 2009 that it was on the verge of folding—has emerged from the depths of despair so rapidly that the company is starting to feel the love from Wall Street.

  • Metalformers predict flat conditions Nov 18, 2010

    Metalformers anticipate business conditions will remain virtually unchanged over the next three months, according to survey results released Tuesday by the Precision Metalforming Association (PMA).

  • Timken helps fund troops’ care Nov 18, 2010

    Timken Co. is donating $250,000 to the United Service Organizations’ (USO) Operation Enduring Care campaign to help U.S. military veterans recover from injuries.

  • Walter Energy makes $3.2B play for Western Coal Nov 18, 2010

    Walter Energy Inc. has offered Canadian $3.3 billion ($3.2 billion) to acquire all outstanding shares of Western Coal Corp. in a deal that would create one of the world’s largest publicly traded producers of metallurgical coke.

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