Steel News

Steel giant Nucor has a $2.2 billion cash hoard that it built in 2008 - and one year into the great recession, Chief Executive Daniel DiMicco is sitting on it.

Bloomberg Posted: Saturday, Nov 07, 2009 at 2335 hrs IST Updated: Saturday, Nov 07, 2009 at 2335 hrs IST : Steel Authority of India Ltd , the nation's biggest state-run producer, plans to build a 10 million metric tonne steel mill in expectation of beating ArcelorMittal for the rights to control the nation's biggest iron ore reserves.

The New York Yankees of the '50s and the Chicago Bulls and Dallas Cowboys of the '90s have one crucial element in common: consistent excellence in their organizations and performance.

China criticized Washington for imposing anti-dumping duties on Chinese-made steel pipes and launched a probe Friday of imported U.S. autos, adding to trade tensions two weeks before President Barack Obama visits Beijing.

Harsco Corp. filed Quarterly Report for the period ended 2009-09-30. Harsco Corporation is a services and engineered products company.

Wheatland Tube Co. is moving operations from its pipe plant in Sharon to another western Pennsylvania plant, and laying off 40 workers in the process.

A federal jury has awarded six former Nucor Corp. workers a total of $1.2 million in actual and punitive damages for creating a racially hostile work environment at Nucor's plant in Blytheville, Ark.

New Delhi, Nov 4 : Tata Group firm Trent Ltd today said TVS Shriram Growth Fund I has acquired a minority stake in its subsidiary firm Landmark Ltd for Rs 65 crore.

From Staff Reports Originally published: November 04. 2009 3:01AM Last modified: November 03.

Mark A. Hummer, of Upper Arlington, and his opponent were both first-time candidates.

A federal energy-efficiency project will bring millions of dollars to a Butler County company.

A third leading Chinese movie studio is aiming for a listing - this time on the New York Stock Exchange - as the country's entertainment companies turn to the capital markets to raise funds.

Russia's Izhmash Concern, the maker of the renowned Kalashnikov assault rifle, will unveil a new gun next year.

In a welcome contrast to local factory closures, a venture of manufacturing companies from the United States and South Korea has opened a $135 million East Bay plant here that will make big pipes for the energy industry.

Despite the steady flow of mostly positive economic news, topped off last week with the report that the nation had ended its longest slump in more than 60 years, it is hard to shed the worry that the recovery could stall before it did much good.

Traders work on the floor of the New York Stock Exchange Wednesday, Oct. 28, 2009.

TD Ameritrade Holding Corp fourth quarter revenues rose 1.3% to $657.9 million and net income fell 9% to $156.7 million or 26 cents a share.

Quanex Building Products Corporation will participate in the Davenport & Company Metals and Mining Conference on Thursday, November 5, 2009 in New York City.

Worldwide industrial services company Harsco Corporation announced today that it has entered into a joint venture partnership for rental scaffolding, formwork and shoring services and equipment with one of the largest construction groups in China.

U.S. stock futures pointed to a slightly weaker start Friday, following the rally in the previous session on surprisingly strong third-quarter economic growth.