Republic Engineered Products who are currently undergoing Chapter 11 reorganisation under the US Bankruptcy Code have announced that they have received a purchase offer from Perry Strategic Capital.
Republic Engineere...
AvestaPolarit, a subsidiary of Outokumpu will close its stainless steel operation in Panteg, Wales at the end of March 2004 due to poor financial performance over the last few years.
The facility possesses cold rollin...
Starfire Systems have begun work on a two year project to develop ceramic brake materials for sports utility vehicles and light trucks. The project received $150,000 of funding from the New York State Energy Research and...
Georgetown Steel followed the well-trodden path of many other American steel producers, filing for chapter 11 bankruptcy today.
Reasons for Georgetown Steel’s demise included the increased cost of natural gas an...
Goodyear will discontinue most of the operations at the Bowmanville plant in Canada by April 2004.
Fabric conveyor belt manufacturing will cease, while steel cable conveyor belt equipment will be relocated to another ...
Bankrupt Laclede Steel, located in Alton, Illinois, USA has re-opened its doors with a new business plan under the new name of Alton Steel.
Laclede Steel declared bankruptcy 2 years ago, partly due to competition from...
After a month of speculation, bankrupt Weirton Steel, America’s fifth largest steel maker, have admitted that they are involved in merger discussions with International Steel Group (ISG).
Weirton Steel submitted...
Bankrupt Slater Steel announced that they have made significant progress towards restructuring their business, which may include the sale of certain assets.
Their new business plan does not currently take into account...
Cargill’s North Star Steel have signed an agreement to sell their steel plant in Michigan to Quanex Corp. The deal is expeted to close by November 1, 2003.
The Michigan plant sale is the third such sale in recen...
Korea's Posco have started construction of China’s largest automotive steel sheet processing facility, Posco Suzhou Automotive Processing Center Co. Ltd.
The new facility is located in the city of Kunshan, n...
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