National Coal Corp., which operates coal mines in Tennessee and Kentucky, said Friday it agreed to buy all Mann Steel Products Inc.’s stock for $55 million.
Mann Steel Products, based in Birmingham, Ala., produces steam and industrial coal.
National Coal will add more than 1 million tons of capacity to National Coal’s existing annual production capacity of [...]

POSCO, the world’s third largest steel maker, said yesterday it has developed a new non-nickel stainless steel product, which is 50% cheaper than the popular stainless steel with nickel.
Facing record high nickel prices, POSCO has been considering trimming nickel consumption and switching to metal with zero-nickel content. Global nickel prices have soared 50% so [...]

Cia. Vale do Rio Doce, the world’s largest iron-ore producer, said Eregli Demir ve Celik Fabrikalari TAS, Turkey’s only maker of flat steel products, agreed to pay more for iron ore in 2007.
The Zonguldak, Turkey-based steelmaker will pay 9.5 percent more for iron ore and 5.28 percent more for pellets shipped through the ports of [...]

STEEL manufacturing company Steelmakers, which began coal production two months ago, aims to boost its coal production from the current 30 000 tonnes per month to 100 000 tonnes by March, and has already come to the rescue of three top industries by supplying them with badly needed coal.
Through its new coal-mining subsidiary Chiredzi Ores [...]

Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that after the close of the market on Thursday, July 27, 2006 it will release its results for the second quarter and six month period ended June [...]