steel maker

BlueScope Steel posts $1B loss, to cut 1,000 jobs

Newsvine - business  Mon, 08/22/2011 - 00:25

Australia's largest steel maker BlueScope Steel Ltd. announced Monday it will shut two production facilities and shed 1,000 jobs as part of a restructure aimed at turning around a 1.05 billion Australian dollar ($1.09 billion) annual loss.


 

Arcelor profit drops, outlook positive

Newsvine - business  Wed, 07/27/2011 - 05:02

ArcelorMittal, the world's largest steel maker, remains optimistic about the second half of the year even though it posted an 11 percent decline in second quarter profits.


 

Coal companies surge on reports of BHP deal

Newsvine - business  Fri, 03/05/2010 - 12:22

Coal company stocks led a rally on Wall Street Friday after published reports said that a Japanese steel maker paid higher prices for coal than expected.


 

ArcelorMittal loses court challenge on emissions

Newsvine - business  Tue, 03/02/2010 - 03:55

The world's largest steel maker ArcelorMittal SA has lost a legal challenge that sought to exempt it from the European Union's greenhouse gas cap-and-trade system.


 

American Axle sues steel maker to resume shipments

Newsvine - business  Tue, 06/16/2009 - 14:14

Auto parts supplier American Axle & Manufacturing Holdings Inc. is seeking a court order to get one of its steel suppliers to resume deliveries, saying that by cutting off supplies it threatens the entire auto supply chain.


 

AK Steel still sees narrower operating loss in 2Q

Newsvine - business  Thu, 05/28/2009 - 15:33

Despite weaker demand from key auto industry customers, AK Steel Holding Co. still expects second-quarter operating losses to shrink compared with first-quarter results, the steel maker's chief executive said Thursday.


 

Venezuela to pay Ternium $1.97 billion for Sidor

Newsvine - business  Thu, 05/07/2009 - 12:44

A subsidiary of the Argentine-Italian conglomerate Techint announced Thursday that it has agreed to turn over its 59.7 percent share in steel maker Sidor to Venezuela for $1.97 billion.