International Steel Group Inc. announced today that it has completed the acquisition of the assets of the Georgetown Steel Company facility in Georgetown, South Carolina, for a purchase price of $18 million in cash, plus...
POSCO began construction on its hydroforming plant on June 17. This process will drastically reduce the production cost and weight of automotive parts.
The company successfully operated a pilot facility at the Techni...
Leggett and Platt beat International Steel Group (ISG) at the auction to buy bankrupt Georgetown Steel.
ISG’s opening bid of $16m was eventually beaten by Leggett’s bid of $20.9m. Another bidder participat...
Ryerson Tull, Inc. and Arcelor SA today announced the signing of a definitive agreement under which Ryerson Tull will purchase from Arbed Americas, LLC (a subsidiary of Arcelor) the J&F Steel, LLC subsidiary. Ryerson...
New valve technologies for car engines could make a real difference in terms of fuel consumption and carbon dioxide emissions. With some expert help from Chinese friends, researchers have breathed new life into an EU-fun...
LNM Group, the world’s second largest and most global steel producer, and United States Steel Corporation (“U. S. Steel”), the world’s 6th largest steel producer, today express their disappointmen...
AK Steel Corporation said today that members of the United Autoworkers of America (UAW) have voted to accept a progressive three-year labor agreement covering about 160 hourly employees at the company’s Rockport (I...
Commercial Metals Company, announced that Structural Metals, Inc. (SMI Texas), its steel minimill located in Seguin, Texas, has experienced an unanticipated failure of its primary and principal backup electric arc furnac...
LNM Group, the world’s second largest and most global steel producer, and United States Steel Corporation (“U.S. Steel”), the world’s 6th largest steel producer, today announce the submission of t...
The LNM Group, the world’s second largest and most global steel producer, today welcomed the decision by the South African Competition Tribunal allowing the company to raise its shareholding in Iscor Ltd beyond 50%...
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