Following a poor year in 2002 and an aborted merger with Brazilian steel maker CSN, Corus are trying to fast track the sale of their aluminium business to Pechiney.
The sale which was announced back on October 24 has ...
In the ongoing battle to secure the assets of National Steel, AK Steel and National Steel have agreed to extend the deadline for AK Steel to finalise an agreement with the United Steelworkers of America (USWA).
One of...
Stelco have announced that they will close Welland Pipe Ltd, their large diameter pipe mill in Ontario, Canada.
The announcement follows on from the plant being idled on June 30, 2002 due to a lack of orders both curr...
The US Food and Drug Administration (FDA) have recently given their blessing to the first ceramic on ceramic hip implant.
Hip implants or total hip replacements are used to replace hip joints in patients who have dise...
The bankrupt Wheeling-Pittsburgh Steel had its $250 million package from the Federal Emergency Steel Loan Guarantee Board rejected last Friday. This loan had been seen as the companies saviour since it applied for bankru...
AK Steel has been notified by the Federal Trade Commission that antitrust agencies have closed the waiting period early, with regards to their proposed acquisition of National Steel. This moves them a step closer to acqu...
Following a surge in low priced steel plate imports, Stelco have decided to idle their plate mill in Hamilton, Canada. This action will take effect in April.
The increased volume of cheap imports resulted in Stelco re...
Indian-based Jindal Steel is reported to be in discussions with 2 US companies to sell its US operation, Massillon Stainless.
Jindal acquired Massillon in late 2000 for $3.5 million and may be able to sell it for $8 m...
In response to growing Chinese demand for specialty steel products, Nippon Metal Industry, based in Tokyo, will open an office in Shanghai to cater for the need. The office is expected to open later this month.
Nippon...
In an interesting twist, US Steel are pursing a strategy to acquire the bankrupt National Steel, after the courts had recognised AK Steel as the lead bidder.
US Steel is about to begin bargaining with the United Steel...
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