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Chrysler Group LLC will invest $19.6 million in its Toledo machining plant in Perrysburg, Ohio, to increase its production capacity for new torque converters.
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North American railroads say they are seeing the benefits of increased shipments of motor vehicles and auto parts and are preparing to service new factories in Mexico as they look to take advantage of the automotive sector’s growth.
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An Indiana foundry has launched a new casting aimed at expanding its product mix to cater to the firearms industry.
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Norfolk Southern Corp. has informed shippers that they might experience delays lasting up to 24 hours as floods in the Midwest have forced the company to reroute some trains.
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TransCanada Corp. has again pushed back its targeted start-up date for its controversial Keystone XL pipeline, and now expects the project to be in service by the second half of 2015.
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The U.S. Department of the Interior is offering more than 21 million acres offshore Texas for oil and gas exploration in a lease sale.
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Specialty metals and stainless steel producer Carpenter Technology Corp. blames increased customer deferrals for lower-than-expected earnings in its fiscal third quarter.
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Carpenter Technology Corp. and Universal Stainless & Alloy Products Inc. have both announced contract wins with Rolls-Royce Plc.
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Soft demand and weak carbon steel pricing are likely to persist during the rest of 2013, Reliance Steel & Aluminum Co. executives say.
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John B. "Bart" Williams, 71, a former top salesman at Taylor Steel Inc., died April 22.
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Primary and fabricated metals shipments and new orders all improved strongly in March compared with the previous month, while inventories were mixed.
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The U.S. State Department’s supplemental environmental impact statement (DSEIS) on TransCanada Corp.’s rerouted Keystone XL pipeline "strengthened the analysis presented to date" but did not adequately address potential risks, according to the federal Environmental Protection Agency.
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Citing a ministerial error in an anti-dumping duty administrative review of steel nails from China from April 1, 2010, to July 31, 2011, the Commerce Department’s International Trade Administration has revised the weighted-average dumping margins.
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Ford Motor Co. will continue to invest in the United States and other parts of North America as auto sales increase and as its market share rises incrementally, executives say.
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A large north American vehicle manufacturer will use ArcelorMittal SA’s steels in its lightweight vehicles, Prabhat Rastogi, the steelmaker’s worldwide sales and marketing manager, said April 24.
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Precision metal stamper Larson Tool Co. has promoted Manny Resendes to quality assurance manager.
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CPI Aerostructures Inc. has extended a business jet manufacturing deal as it looks to build non-military business in the midst of federal budget sequestration.
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Fresh off winning approval of a fix to its 787 Dreamliner after it was grounded for three months, aerospace giant Boeing Co. is still aiming to meet this year’s original delivery forecasts for the aircraft.
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Wheel manufacturer Accuride Corp. posted a first-quarter net loss of more than $15.9 million, up sharply from a $2.9-million loss in the same period last year on sales that fell 28.6 percent to $192.5 million.
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Whirlpool Corp.’s net income soared to $252 million in the first quarter from $92 million in the same period last year despite a 2.3-percent dip in sales to just under $4.25 billion.
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Stainless steel boating product manufacturer Stainless Marine Inc. has filed a lawsuit against BP Plc and two of its subsidiaries for economic damages caused by the 2010 Deepwater Horizon rig explosion and oil spill.
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CHICAGO — Timken Co.’s net income plunged year on year in the first quarter, but the company managed to sustain double-digit operating margins despite low levels of capacity utilization, the company’s top executive said.
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A key indicator for nonresidential construction activity was positive for the eighth month in a row in March, signaling a boom for the steel market, even as the rate of growth eased compared with previous months.
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Ford Motor Co. recorded net income of $1.61 billion in the first quarter of 2013, up 15.4 percent year over year, on sales that grew 10.5 percent to $35.8 billion.