GO
Loading...

Steel Producers

More

  • Factory activity improves at slower rate in Philly region Thursday, 19 Feb 2015 | 10:20 AM ET

    WASHINGTON— Manufacturers in the Philadelphia area expanded at a slower rate in February compared with the previous month. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity fell to 5.2 this month from 6.3 in January. "The dip in the Philly Fed manufacturing index," said Paul Ashworth, chief U.S. economist at...

  • HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 passed its 18th day on Wednesday but talks between union and oil company representatives over safety and pay restarted after a gap of a week and went into the night, according to a union text message. The USW has issued no new strike notices since Feb. 6, when workers at plants in Whiting, Indiana, and...

  • TORRANCE, Calif., Feb 18- An explosion and fire ripped through a gasoline processing unit at an Exxon Mobil Corp refinery near Los Angeles on Wednesday, leaving California with the threat of higher gasoline prices. Torrance Fire Captain Steve Deuel said a small ground fire that followed the explosion had been quickly extinguished. The workplace safety agency...

  • HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Wednesday as union and oil company representatives renewed face-to-face negotiations over safety and pay, after a week's hiatus. The USW has issued no new strike notices since Feb. 6, when workers at plants in Whiting, Indiana, and Toledo, Ohio, were told to walk off their jobs...

  • TORRANCE, Calif., Feb 18- An explosion and fire ripped through a gasoline processing unit at an Exxon Mobil refinery in Torrance, California, near Los Angeles on Wednesday, slightly injuring four workers and shattering windows of surrounding buildings, authorities said. Investigators were trying to determine the cause of the blast, which occurred shortly...

  • RIO DE JANEIRO, Feb 18- Brazilian steelmaker Usiminas posted a net loss of 117 million reais in the fourth quarter due to low steel demand from a stalling local economy and falling iron ore prices, the company said on Wednesday after delaying its results for several days. Shares of Usinas Siderurgicas de Minas Gerais SA, as the company is formally known, were up 4.4...

  • MOSCOW, Feb 18- Indebted Russian coal and steel producer Mechel has sold its U.S.-based Bluestone coal business back to its original owner, the James Justice family, in an attempt to free up cash to service its debt, Mechel said on Wednesday. Six years ago, Mechel bought the business from the Justice family from West Virginia for $436 million in cash plus preferred...

  • U.S. refinery strike enters 18th day as talks restart Wednesday, 18 Feb 2015 | 12:15 PM ET

    HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Tuesday as union and oil company representatives prepared to renew face-to-face negotiations over pay and safety on Wednesday, after a week's hiatus. No new strike notices have been issued by the USW since Feb. 6 when workers at plants in Whiting, Indiana, and Toledo, Ohio,...

  • Zhang Guangning, chairman of the China Iron& Steel Association, started it, when he told the Association's annual conference in January that " China's steel sector has already entered a period of peaking and flattening out. Because China, the engine of global steel production and consumption, is not supposed to have reached the stage of "peaking and flattening" yet.

  • RIO DE JANEIRO, Feb 18- Brazilian steelmaker Usiminas said on Wednesday it posted a net loss of 117 million reais in the fourth quarter due to low steel demand from a stalling local economy and falling iron ore prices. Analysts had forecast a quarterly net loss at Usinas Siderurgicas de Minas Gerais SA, as the company is formally known, of 118.81 million reais,...

  • MOSCOW, Feb 18- Russian indebted coal and steel producer Mechel said on Wednesday it sold its U.S.-based Bluestone asset to a company owned by the Justice family with an immediate cash payment of $5 million.

  • MOSCOW, Feb 18- Russian steelmaker Severstal reported its best core earnings margin in six years in the last quarter of 2014, helped by a weakened rouble which lifted exports and cut its costs, the company said on Wednesday. Severstal is the first Russian steelmaker to report financials for the final quarter of last year, when the rouble lost 30 percent against...

  • MOSCOW, Feb 18- Severstal, one of Russia's largest steel producers, said on Wednesday its fourth-quarter net loss had widened to $795 million from a loss of $45 million in the previous quarter due to non-cash items. Without the non-cash items- a foreign exchange loss and an impairment charge- the company would have posted a net profit of $534 million in the fourth...

  • MOSCOW, Feb 18- Severstal, one of Russia's largest steel producers, said on Wednesday its fourth-quarter net loss had widened to $795 million from a loss of $45 million in the previous quarter due to non-cash items.

  • BELGRADE, Feb 17- The sale of Serbia's sole steel mill to U.S. firm Esmark collapsed on Tuesday, in a blow to government efforts to rein in spending under the terms of a loan deal with the International Monetary Fund. The steel mill has been draining $120 million per year in taxpayers' money since Serbia bought it back from U.S. The government committed to cut...

  • Feb 17- Walter Energy Inc forecast a 10 percent drop in sales volume of steel-making coal for 2015 due to sluggish Chinese and European demand, sending its shares down as much as 11 percent. Walter had said in April it would stop production at its Wolverine and Willow Creek mines in British Columbia and temporarily lay off about 700 employees.

  • SINGAPORE, Feb 16- Oil prices steadied on Monday as Japan's economy emerged from recession and as strong demand for refined products translated into healthy orders for crude. Japan's economy rebounded from recession in the final quarter of last year, supporting oil prices, even though the data was weaker than expected. Benchmark Brent crude futures were...

  • Feb 13- The United Steelworkers union said no new strike notices were issued on Friday as the largest U.S. refinery strike since 1980 reached its 13th day. The last round of strike notices were issued a week ago on Friday, Feb. 6, when the union told BP Plc that workers would walk off their jobs the following day at refineries the company operates in Indiana and Ohio.

  • Feb 13- The United Steelworkers union and refinery owners were set to resume contract negotiations next week as the largest U.S. refinery strike since 1980 reached its 13th day on Friday. "We're still fulfilling the information request from the USW and looking forward to resuming negotiations next week," said Ray Fisher, spokesman for Shell Oil Co, the U.S. arm of...

  • RIO DE JANEIRO, Feb 13- The board of Brazil's Usiminas on Friday blocked the release of fourth-quarter results, as the steelmaker reels from the departure of its previous chief executive over bookkeeping concerns that sparked a battle between controlling shareholders. Following Usiminas' announcement, the company's preferred shares fell 4 percent in early...