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  • Consolidated Thompson’s Quesnel exits top post after court conviction Nov 18, 2010

    The top executive of Consolidated Thompson Iron Mines Ltd. has stepped down after being deemed guilty of alleged violations of Canadian securities regulations by not reporting share purchases in a timely manner.

  • Massey met coal prep plant restarts as Alpha idles facility Nov 17, 2010

    One metallurgical coal preparation plant is set for idling while another has been restarted earlier than expected.

  • Ferrous scrap falls, other metal indices rise Nov 17, 2010

    Metal price indices moved mostly higher in October, although iron and steel scrap bucked the trend.

  • Distributors keep stocks lean as shipments fall Nov 16, 2010

    New mill price hikes on hot-rolled coil won’t mean much if distributors, which take more than one-third of all steel produced in North America, aren’t buying, steel service center sources told AMM Tuesday.

  • Philip Morgan retiring after 36 years in metals industry Nov 16, 2010

    Philip R. Morgan has announced his retirement from Siemens Industry Inc., ending a 36-year metals industry career that began with the former Morgan Construction Co. in Worcester, Mass.

  • Melting Pot Nov 12, 2010

    Lead keeps on flying

  • Iron and steel import, export prices drop, copper climbs Nov 11, 2010

    U.S. iron and steel import prices fell 1 percent in October from the previous month and export prices slid 1.8 percent in the same comparison, but other commodity metal prices rose, according to the U.S. Bureau of Labor Statistics.

  • Mill Steel honored for philanthropy Nov 11, 2010

    Flat-rolled distributor Mill Steel Co. will be recognized as an outstanding corporation Tuesday, which is National Philanthropy Day, for its long-term partnership with a Big Brother/Big Sister program.

  • Grede Holdings wins quality award Nov 11, 2010

    Grede Holdings LLC, which operates 13 foundries and two machine shops, has won an award for outstanding performance from Thomas Built Buses Inc., High Point, N.C. The bus maker’s “Silver Award” recognizes suppliers that have received a 90-percent or higher average on its Supplier Performance Report. Thomas measures engineering, scheduling and logistics, purchasing, quality and warranty in assigning grades for performance.

  • Sims Aero to fly with new software Nov 11, 2010

    Systems Alternatives International LLC (SAI) will implement a complete business and operational system for Sims Metal Management Ltd.’s Aerospace Metals business.

  • Moore lands AIST safety award Nov 11, 2010

    Matt D. Moore, manager of Gerdau Ameristeel Corp.’s Cartersville, Ga., operations, is the recipient of the Association for Iron and Steel Technology’s 2010 Don B. Daily Safety Award.

  • Lorincz named SDMI communications head Nov 11, 2010

    Deanna S. Lorincz has been promoted to senior director of communications at the Steel Market Development Institute (SMDI) of the American Iron and Steel Institute (AISI).

  • Jeanes recipient of engineering award Nov 11, 2010

    David C. Jeanes has been named a recipient of the first outstanding senior alumni award from the University of Massachusetts Amherst College of Engineering.

  • Canadian coalition suing Anvil over Congo incident Nov 10, 2010

    A coalition of Canadian non-governmental organizations (NGOs) has filed a class-action against Anvil Mining Ltd. accusing the Australian company of playing a role in alleged human rights abuse in the Democratic Republic of Congo (DRC).

  • Trade imbalance shows up in iron and steel mill products Nov 10, 2010

    U.S. exports of goods and services totaled $154.1 billion in September, but imports of $198.1 billion resulted in a seasonally adjusted trade deficit of $44 billion, down 5.3 percent from $46.48 billion the previous month, according to U.S. Bureau of Economic Analysis figures.

  • Tenaris expects offset for falling ‘dry’ gas Nov 10, 2010

    Tenaris SA expects drilling for “dry” gas in North America to dip in the fourth quarter.

  • General Motors posts $2B profit, expects decline in 4th qtr. Nov 10, 2010

    General Motors Co. posted net income of nearly $2 billion for the third quarter on revenue of $34.1 billion, the third successive quarterly earnings increase, but executives warned that fourth-quarter results would be lower.

  • Tyco’s EMP unit to operate as stand-alone in $1B CD&R deal Nov 10, 2010

    Tyco International Ltd. plans to sell a 51-percent stake in its Electrical and Metal Products (EMP) division to private equity firm Clayton Dubilier & Rice LLC (CD&R).

  • Trade imbalance shows up in steel Nov 10, 2010

    U.S. exports of goods and services totaled $154.1 billion in September, but imports of $198.1 billion resulted in a seasonally adjusted trade deficit of $44 billion, down 5.3 percent from $46.48 billion the previous month, according to U.S. Bureau of Economic Analysis figures.

  • Metals producers shed jobs, fabricators up Nov 08, 2010

    U.S. nonfarm payroll employment rose by 919,000 in October, reflecting new jobs created in mining and several service-providing industries compared with a month earlier, according to government statistics.

  • Employment down at metals producers, up at fabricators in Oct. Nov 08, 2010

    U.S. nonfarm payroll employment rose by 919,000 in October, reflecting new jobs created in mining and several service-providing industries compared with a month earlier, according to government statistics.

  • Melting Pot Nov 05, 2010

     

  • GM sets $26 to $29 share offering price Nov 03, 2010

    General Motors Co. filed a registration statement and prospectus Wednesday to begin its public offering of 365 million shares of common stock priced between $26 and $29 apiece to be sold by certain stockholders, including the U.S. Treasury, the governments of Canada and Ontario and the United Auto Workers union, netting proceeds of between $9.49 billion and $10.59 billion.

  • CN Railway, Nasco plan Chicago steel hub Nov 01, 2010

    A rail and stevedoring partnership has been formed to construct a transloading facility in Chicago for the transportation of steel products.

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