India’s Tata Steel, one of the world’s biggest steelmakers, announces a $1.6bn (£1bn) writedown on the value of its European assets.
Read more here: Tata writes down European assets
Category : World News
Category : World News
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 25, 2013) - Mark Strahl, Member of Parliament for Chilliwack-Fraser Canyon, on behalf of the Honourable Joe Oliver, Canada’s Minister of Natural Resources, will announce an agreement that will contribute to new technologies relevant to the automotive, steel and pipeline industries. MP Strahl will be joined by Dr. Helen Burt, Associate Vice President Research of the University of British Columbia.
Read the rest here: Media Advisory: MP Strahl to Make an Announcement at the University of British Columbia
Tata Steel is cutting 900 jobs around the UK, including almost 600 at plants in south Wales, with most among white collar staff at Port Talbot.
Read more here: VIDEO: Tata Steel cuts 600 jobs in Wales
Category : Business
Tata Steel is cutting 900 jobs around the UK, including almost 600 at plants in south Wales, with most among white collar staff at Port Talbot.
Go here to read the rest: Tata Steel cuts 600 jobs in Wales
In accordance with ASX guidelines, Dyesol is responsible for monitoring media and chat forums to ensure that its shareholders are fully informed in relation to Company activities. After a media release by Swansea University and press coverage in the UK late last week, Dyesol considered it prudent to place its securities in trading halt pending clarification of the release and to avoid the possibility of a two-tiered market, where one group of investors might have greater access to price sensitive information than another.
Category : Stocks
The United Steelworkers have ratified a new 3-year deal with U.S. Steel (X). The deal, which cover over 16K workers, provides for a 4.5% wage hike over the next 3 years, while protecting healthcare benefits for retirees. A tentative agreement had been reached earlier this month. 
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Oil can no longer blind Venezuelans to their leader’s failure. The flaws in Chávez’s 21st-century socialism are all too clear
As Venezuelans get ready to head to the polls for the most closely fought presidential election of the past 14 years, one question is at the forefront of everyone’s mind: does Hugo Chávez still have it? By “it”, I
Category : Business, World News
Baoshan Iron and Steel, the fourth biggest steel producer in the world, suspends production at a plant in China as demand slows.
See the article here: China’s Baoshan halts steel plant
Category : World News
Iron ore prices in Asia continue to come under pressure due to an uncertain outlook for steel demand. Prices rebounded from a near three-year low earlier this month on optimism that China’s pending infrastructure projects would boost steel demand, but the recovery has been unconvincing. Amidst the slump, Australian miner Fortescue Metal (FSUMY.PK) says its taken draconian measures to shore its bottom line – by halting all future funding for employee barbecues at its facility in Port Hedland, Western Australia. 1 comment!
Category : Stocks
The United Steelworkers (USW) union will continue to negotiate with ArcelorMittal (MT) and U.S. Steel (X) after labor contracts expired at midnight last night. USW, which represents 26,000 workers at the companies, said that employees are continuing to work at ArcelorMittal, with neither a lockout or strike being declared. 2 comments!