Steel Industry News


Steel Warehouse expands
Sat, 04 Feb 2012 11:49:26 +0000
Growth is both local and companywide SOUTH BEND -- For nearly 65 years, family-run Steel Warehouse has been growing and expanding. One of Steel Warehouse's current expansions is expected to be completed later this year at its plant at 1400 Riverside Drive, South Bend.


2012 will be a challenging year for Russian ...
Sat, 04 Feb 2012 05:01:05 +0000
The sovereign debt situation creates insecurity that has a negative impact on the investment dependent steel industry. Globally, Mr Alexey Kulichenko doesn't think 2012 prices will change much from the relatively low level at the end of 2011. He said that ...


Steel makers face tough year - Viet Name News
Sat, 04 Feb 2012 02:45:05 +0000
HA NOI Steel manufacturers would face many difficulties this year ... However, the global economy was struggling last year, so Vietnamese companies faced low prices from some ASEAN nations and China while also dealing with the US anti-dumping lawsuit.


Gabon and BHP Billiton have Belinga deal - govt ...
Fri, 03 Feb 2012 22:17:00 +0000
Gabon and mining firm BHP Billiton have reached a deal over the Belinga iron ore concession in Gabon after it was taken off China's CMEC, a government official from the Central African nation's government told Reuters on Friday.CMEC secured rights to the Belinga with a 2007 deal. But the project was shrouded in controversy and stalled first over concerns raised about environmental impact of the project and then over whether CMEC would be able to deliver.


Commercial Metals Company Reports Preliminary ...
Fri, 03 Feb 2012 22:03:00 +0000
IRVING, Texas, Feb. 3, 2012 /PRNewswire/ -- Commercial Metals Company (the Company) (NYSE: CMC) announced today the preliminary voting results of its Annual Meeting of Stockholders, held February 3, 2012, in Irving, Texas. The Company's stockholders elected the following...


Alpha Natural Resources Adjusts Central Appalachia ...
Fri, 03 Feb 2012 22:00:00 +0000
BRISTOL, Va., Feb. 3, 2012 /PRNewswire/ -- Alpha Natural Resources, Inc. (NYSE: ANR) today announced that coal production will be reduced at certain mines in the Central Appalachia region due to market conditions that have decreased coal demand. Alpha subsidiaries in...


AK Steel Pleased With U.S. Department of Energy's ...
Fri, 03 Feb 2012 21:05:00 +0000
WEST CHESTER, Ohio, Feb. 3, 2012 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that revised energy efficiency standards proposed by the U.S. Department of Energy (DOE) on February 1, 2012 are not expected to significantly impact the overall competitiveness of the company's...


AK Steel Pleased With U.S. Department of Energy's ...
Fri, 03 Feb 2012 21:05:00 +0000
PR Newswire - WEST CHESTER, Ohio, Feb. 3, 2012 /PRNewswire/ -- AK Steel (NYSE: AKS - News) said today that revised energy efficiency standards proposed by the U.S. Department of Energy ("DOE") on February 1, 2012 ...


Bakrie vehicle moves to oust Rothschild from ...
Fri, 03 Feb 2012 20:50:00 +0000
Dramatic move is a setback for the UK financier, who had pledged to clean up corporate governance at the coal miner


Bakrie vehicle moves to oust Rothschild from ...
Fri, 03 Feb 2012 20:50:00 +0000
Dramatic move is a setback for the UK financier, who had pledged to clean up corporate governance at the coal miner


The numbers are vast, but beware the bite of ...
Fri, 03 Feb 2012 20:04:43 +0000
Investors should not be overawed by the numbers presented in Facebooks IPO nor in the proposed Glencore-Xstrata tie-up


Xstrata CEO Unlikely to Give Up Helm of Mine ...
Fri, 03 Feb 2012 19:15:45 +0000
For Mick Davis, the 53-year-old South African who runs Xstrata Plc, the approach from commodities trader Glencore International Plc is unlikely to prompt him to surrender the helm of the mining company he built through a decade of dealmaking.


Arch Coal Takes Home Seven West Virginia Awards ...
Fri, 03 Feb 2012 17:55:00 +0000
CHARLESTON, W.Va., Feb. 3, 2012  /PRNewswire/ -- Arch Coal, Inc. (NYSE: ACI) today announced that its Appalachian operations earned seven prestigious safety and environmental awards in West Virginia, including the state's top honor for mine reclamation.Coal-Mac, Inc. received...


Merged Glencore, Xstrata would take aim at iron ...
Fri, 03 Feb 2012 16:22:26 +0000
SYDNEY (Reuters) - An $80 billion marriage of commodities trader Glencore and miner Xstrata could lead to a new round of takeovers in iron ore, creating a goliath eager to muscle its way onto one of mining's richest and most closely guarded sectors. Glencore and Xstrata, which have yet to reach a deal, would together rank as the world's largest thermal coal exporter, the largest zinc producer ...


Merged Glencore, Xstrata would take aim at iron ...
Fri, 03 Feb 2012 14:40:57 +0000
* Glencore, Xstrata marriage could trigger iron ore M&As * Iron ore conspicuous in absence from Xstrata stable * High-margin potential in iron ore hard to resist (Adds failed Vale Xstrata bid, Vale operations ...


Samancor stops producing silica manganese at ...
Fri, 03 Feb 2012 14:28:00 +0000
The worlds largest integrated producer of manganese, Samancor, has permanently stopped production of energy intensive silica manganese at its Metalloys plant in Meyerton near Johannesburg. The company, which is 60% owned by mining major BHP Billiton, stated that the reduced manganese alloy production capacity would be replaced by the end of the calendar year, following the completion of a new $100-million ferro manganese furnace.