-
Steelcase Inc. expects to benefit from lower commodity spot prices in its fiscal fourth quarter but is projecting a net loss due to lower demand.
-
Northwest Pipe Co. is in line to supply about $7 million of large-diameter pipe for a Mexican hydroelectric plant.
-
The steel industry will have to wait until the New Year to find out how ThyssenKrupp Steel & Stainless USA LLC will respond to competitors who are attempting to thwart the company’s request for foreign trade zone (FTZ) status for its new mill in Calvert, Ala.
-
U.S. steel imports tumbled a whopping 28.1 percent in November from the previous month, a change expected by many industry experts and analysts given current economic conditions.
-
Workers at Thomas Steel Strip Corp., Warren, Ohio, ended their strike Monday with a 182-49 ratification vote in favor of a new five-year collective bargaining agreement.
-
China’s State Reserve Bureau (SRB) has purchased aluminum from state-owned producer Aluminum Corp. of China Ltd. (Chalco), marking the government’s first move to prop up the ailing market, according to market speculation.
-
Gerdau Macsteel, a manufacturer of special bar quality (SBQ) products in Jackson, Mich., sent out Worker Adjustment and Retraining Notification (WARN) notices Monday to salaried and hourly employees of a plant shutdown and layoff that will go on indefinitely.
-
Workers have ratified a new three-year labor agreement with Ivaco Rolling Mills Inc., a wire rod producer in L’Orignal, Ontario.
-
Workers at Thomas Steel Strip Corp., Warren, Ohio, ended their strike Monday with a 182-49 ratification vote in favor of a new five-year collective bargaining agreement.
-
West Coast flat-rolled steel buyers aren’t showing much enthusiasm for 2009.
-
Gerdau Macsteel, a manufacturer of special bar quality (SBQ) products in Jackson, Mich., sent out Worker Adjustment and Retraining Notification (WARN) notices Monday to salaried and hourly employees of a plant shutdown and layoff that will go on indefinitely.
-
West Coast flat-rolled steel buyers aren’t showing much enthusiasm for 2009.
-
The number of drill rigs running in the United States fell by 26 last week, with the largest decrease in Wyoming (down seven), while Canadian drilling activity fell by 21 rigs.
-
U.S. raw steel output logged its 18th consecutive drop last week, falling 12.5 percent to 1,022,000 tons from 1,168,000 tons the previous week as mills operated at an average capability utilization rate of 42.9 percent.
-
Workers have ratified a new three-year labor agreement with Ivaco Rolling Mills Inc., a wire rod producer in L’Orignal, Ontario.
-
Talks between the International Longshore and Warehouse Union (ILWU) and the British Columbia Maritime Employers’ Association, which operates the various ports in the province, are scheduled to continue Monday, only a few days before a threatened strike.
-
Canadian National Railway Co. (CN) has ordered 40 new high-horsepower locomotives from Electro-Motive Diesel Inc. LaGrange, Ill., with an option for 50 more, the Montreal-based company said.
-
U.S. raw steel output logged its 18th consecutive drop last week, falling 12.5 percent to 1,022,000 tons from 1,168,000 tons the previous week as mills operated at an average capability utilization rate of 42.9 percent.
-
The number of drill rigs running in the United States totaled 1,764 last week, down 26 rigs (1.5 percent) from the previous week, while Canadian drilling activity fell to 369 rigs, down 5.4 percent (21 rigs) in the same comparison.
-
Auto suppliers had a lot of bad news last Friday—and a few of them chose to send it out in the waning minutes of the business day.
-
Siemens AG agreed this week to pay more than $1.3 billion in fines in Germany and the United States to settle corruption charges.
-
Deutsche Bank Equity Research analyst David S. Martin is revising forecasts for steel for the fourth quarter of this year and for 2009 downward based on the belief that global GDP will expand at a significantly slower rate and steel will be in surplus for much of next year.
-
Deutsche Bank Equity Research analyst David S. Martin is revising forecasts for steel for the fourth quarter of this year and for 2009 downward based on the belief that global GDP will expand at a significantly slower rate and steel will be in surplus for much of next year.
-
Carbon flat-rolled steel buyers believe the bottom of the market has been reached, but still see a long, slow winter ahead with few signs of upward price movement.