Universal Stainless & Alloy Products, Inc. reported that it has agreed with Local 9531 of the United Steelworkers to continue operations at the Company’s Bridgeville facility while negotiations of a mutually acceptable labor agreement continue. The previously announced continuance of the collective bargaining agreement covering the hourly employees at the facility expired on September 12.
The [...]
Castle Harlan, Inc., the New York private equity investment firm, announced that it had agreed to sell AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings, to Bradken Ltd., a leading publicly-traded Australian manufacturer of cast steel and other products, primarily for the mining and railroad industries, [...]
Fisher Coachworks LLC announced on July 22, 2008 its formal launch and plans to manufacture energy optimized lightweight hybrid vehicles using advanced materials and propulsion systems, as well as new manufacturing technologies. Fisher’s launch product will be a 40’ Transit Bus that is nominally half the weight and gets twice the fuel economy of current [...]
Universal Stainless & Alloy Products, Inc. today announced base price increases of 5% to 7% on all tool steel products manufactured at its Bridgeville and Dunkirk facilities. The increase will be effective with all new orders entered on July 1, 2008. Current material and energy surcharges will remain in effect.
Chris Zimmer, Vice President of Sales [...]
Terra Nostra Resources Corporation (OTCBB: TNRO) a majority owner of two joint venture companies in the copper and stainless steel industries in China, is pleased to announce the appointments of Mr. Nai Biao Zhai as General Manager of Shandong Quanxin Stainless Steel Co Ltd. (SQSS) and Mr. Bao Dong Han as General Manager of Shandong [...]
Centric Alloys Corporation and ArcelorMittal - Stainless and Nickel Alloys, a division of ArcelorMittal, today announced a new partnership for North America. Centric Alloys will be the U.S. sales and distribution channel for the nickel alloy bar and wire rod products supplied to the North American market.
Under the terms of the agreement, Centric Alloys [...]
President Hugo Chavez said Thursday that his government has approved funding to build an iron and nickel foundry with Cuba.
Cuba is among the world’s largest producers of nickel, which is used to make stainless steel. Venezuela and Cuba signed an agreement last year to produce stainless steel using Cuban nickel–a project slated to involve some [...]
Among the sector activity stories for Wednesday, March 26, from AP Financial News:
NEW YORK (AP) — Shares of companies that produce nickel, a key ingredient in making stainless steel, rose Wednesday on fresh evidence of China’s growing appetite for the commodity.
NEW YORK (AP) — Shares of regional banks fell Wednesday after an analyst said bad [...]
Russian steel maker Mechel said on Wednesday it has agreed to pay $1.5 billion (750 million pounds) in cash to acquire ferro-chrome producer Oriel Resources as it expands its ferro-alloy business.
Mechel, Russia’s largest coking coal producer, said it would pay 219.86 U.S. cents per share in Oriel, a Britain-based company that operates a ferro-chrome [...]
Metallica Minerals Limited said on Friday that top Chinese tin producer Yunnan Tin Group’s unit in Australia had agreed to buy a 5 percent stake in it for A$5.9 million ($4.0 million).
The unit would buy 5.38 million shares in the Australian firm, which invests in Nornico and Lucky Break nickel projects in the country.
The company [...]
