A recent surge in steel prices continued Wednesday with ArcelorMittal saying it will increase prices by $250 a ton on some steel shipments — a move that will benefit steel companies such as U.S. Steel Corp., analysts said.
Strong global demand has increased prices for hot-rolled coiled steel from $529 a ton in October to $845 [...]
The two global steel giants that snapped up Canada’s two largest steel makers are battling in court over a soured deal involving a jointly owned iron ore mine in Labrador.
ArcelorMittal Dofasco Inc. is suing U.S. Steel Canada Inc. (the former Stelco Inc.) and mining company Cleveland-Cliffs Inc. after ArcelorMittal’s an agreement to buy out its [...]
“In terms of its economic and geopolitical impact, what is happening in Asia today is probably most akin to the Industrial Revolution, when the world’s leading economies replaced manual labor with mass-scale manufacture of machinery, railways began to criss-cross the continents, the steam engine revolutionized the world, and later, skyscrapers first poked at the skies. [...]
The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed Dec. 29. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor’s/TSX Composite Index fell 1.15, or 0.01 percent, to 12,908.39 [...]
MIT engineers have demonstrated an eco-friendly way to make iron that eliminates the greenhouse gases usually associated with its production.
The American Iron and Steel Institute (AISI) announced recently that the team, led by Donald R. Sadoway of the Department of Materials Science and Engineering, has shown the technical viability of producing iron by molten oxide [...]
Now that both houses of Congress have passed bills opening up the U.S.’s outer continental shelf to drilling, oil and gas companies are celebrating, right?
Wrong.
The tough battle still lies ahead. And the whole tale starkly illustrates the challenges business faces navigating the political shoals of Washington.
WIDE GAP IN BILLS.
For starters, companies and industry groups lobbied [...]
