2 freight trains crash near Pittsburgh; 1 dead, some diesel fuel leaked into creek Two freight trains owned by a U.S. Steel subsidiary crashed near a Pittsburgh-area plant early Tuesday, killing one person and causing cars on one train to derail. The ...
The world's biggest steel maker ArcelorMittal said Tuesday it plans to build a 130-million-dollar steel plant in Kurdish northern Iraq in partnership with the Turkish company Dayen. ArcelorMittal "signed a memorandum of understanding to establish a joint venture with Turkish partner Dayen ...
China said Tuesday it will support domestic steel mills in their thorny iron ore price negotiations with global miners even after the Australian government bluntly told Beijing to stay out of the talks. "As the world's largest iron ore consumer, the interests ...
South Korea's largest steelmaker POSCO said it broke ground Monday on a plant in western India that will produce galvanised steel sheets for automobiles and electronic goods. The world's fourth largest steelmaker said it would spend about 240 million dollars to build ...
Australia on Monday urged China stay out of difficult iron ore price negotiations with global mining giants after steel mills lobbied Beijing to intervene. Trade Minister Simon Crean gave assurances Australia would also keep away from the fraught process in which steelmakers ...
SYDNEY (Reuters) - China's steelmakers should not try draw their government into iron ore price talks with Australian miners, Australia's trade minister said on Monday, as the mills struggle to pin back soaring raw material prices. Any overt efforts by Beijing to ...
Nucor CEO's pay package falls 43 percent; performance bonus eliminated in difficult year An Associated Press calculation finds that steel maker Nucor Corp. paid its CEO fell 43 percent last year as it eliminated cash bonuses for executives to help it weather ...
Companies may still be able to enact 80% price increases With the global economy looking poised to rebound, iron ore prices are sure to benefit. In fact, they already are. Iron ore is a key ingredient in the steel making process, so ...
Russian steelmaker Severstal's net loss narrows to $162 million in Q4, sees improvements Russia's largest steelmaker Severstal on Tuesday posted a $162 million net loss in the fourth quarter of 2009 but signalled confidence in the year ahead. Severstal's loss compares to ...
Movers roundup: Schnitzer Steel shares fall on downgrade, Cisco stock climbs ahead of event Among the stock activity stories for Monday, March 8, from AP Financial News: NEW YORK (AP) — Shares of Schnitzer Steel Industries fell as a UBS analyst downgraded ...
