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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: steel

steel stories: 15 news summaries

 SF Bay Bridge Reopens 

Test of repairs to repair clears way for commuters

Nov 2, 09 2:08 PM CST
(Newser) - The San Francisco-Oakland Bay Bridge reopened to commuter traffic this morning after a successful test of repairs was conducted overnight. The bridge has been out of commission since Tuesday, when the original repair failed and crushed three cars. Workers took a while to “get the geometry” of the new... More »

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Bay Area • steel • repair • San Francisco Oakland Bay Bridge • commuters • road crew • stress test

Navy Ship Built With World Trade Center Steel Sets Sail

USS New York heads from Louisiana to namesake city for official commissioning

Oct 13, 09 8:00 PM CDT
(Newser) - A US Navy ship built using materials from the World Trade Center has left the Louisiana yard where it was built and headed north for its official christening. The USS New York, an amphibious transport ship, features at its bow some 7½ tons of steel deemed still usable after the... More »

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New York • World Trade Center • Louisiana • September 11 • steel • US Navy • 9/11 attacks • USS New York

G-20 Summit Puts Spotlight on Reborn Pittsburgh

City managed to reverse decline after collapse of Big Steel destroyed its economy

Sep 22, 09 2:42 AM CDT
(Newser) - The choice of Pittsburgh for this week's G20 summit highlight a Rust Belt success story, Kris Mamula writes in Portfolio. The smokestacks and steel mills Mamula remembers from his Pittsburgh childhood are long gone, victims of the collapse of Big Steel that left the city in a state similar to... More »

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Pennsylvania • steel • cities • summit • G20

Chavez Takes Control of Iron, Steel Firms

Metal companies nationalized 'to build platform for socialism'

May 22, 09 6:38 AM CDT
(Newser) - Hugo Chavez has ordered the nationalization of several large iron and steel companies in Venezuela, AFP reports. The president said the takeovers marked the start of a "process of nationalization to create an industrial complex." The move, which follows the nationalization of 39 oil service providers, would help... More »

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Venezuela • nationalization • iron • steel • Hugo Chávez

 US Benefits From 
 China Stimulus 

Construction in China boosts US business, from steel to fried chicken

Apr 30, 09 9:29 AM CDT
(Newser) - While Americans await the fruits of their $787 billion bailout, China is moving ahead with public-works projects at a staggering pace, pumping up its own economy as well as America’s, the Wall Street Journal reports. US industrial-equipment makers, struggling with effectively zero domestic growth, are back near record levels... More »

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China • Pizza Hut • construction • United States • recession • steel • KFC • economic stimulus package • financial crisis

(Newser) - Scientists have combined spider silk with metal atoms to boost web strands' already-phenomenal strength, reports Ars Technica. The breakthrough experiment advances the science of creating ever-stronger materials, as well discovering a successful method to bond metal to biological material. Experiments are already under way to make chicken eggs stronger. More »

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science • web • steel • science experiment • heavy metal • spiders • spider silk • biochemistry • arachnid

 Senate Dilutes 
 'Buy American' Plan 

Amendment calls for stimulus plan to honor existing trade agreements

Feb 5, 09 3:58 AM CST
(Newser) - The Senate has voted to water down the "Buy American" clause in the economic stimulus package amid fears it could trigger a trade war, Reuters reports. The requirement that stimulus-funded projects use American-made iron, steel and manufactured goods now includes the proviso that it only be applied in a... More »

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Senate • iron • steel • free trade • protectionism • economic stimulus package • free trade agreements

 Big Biz Slams 
 'Buy American' 
 Stimulus Clause 

Exporters warn of foreign backlash if package erects free-trade barriers

Jan 29, 09 8:00 AM CST
(Newser) - American exporters are fighting to ditch "Buy American" provisions from the economic stimulus package, the Washington Post reports. The House version bars most foreign iron and steel from stimulus projects, while a Senate version calls for only American-made equipment and goods to be used in nearly all projects to... More »

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General Electric • iron • Caterpillar • US economy • steel • free trade • protectionism • US exports • economic stimulus package

Steel Industry Hopes Stimulus Will Forge Recovery

Execs want projects using American steel to be center of economic recovery

Jan 2, 09 2:32 AM CST
(Newser) - Leaders of America's sagging steel industry are hoping their operations will spearhead the economy's recovery with some major help from the US government, the New York Times reports. Steel orders have collapsed since September, causing thousands of layoffs. Execs are pushing hard for the expected stimulus package from the incoming... More »

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recession • US economy • infrastructure • steel • economic stimulus package • United Steelworkers • industry

Analysis

Detroit Should Look at the History of Steel

Bankruptcy saved that industry, but auto isn't exactly the same

Nov 23, 08 2:09 PM CST
(Newser) - When the steel industry was floundering, many people thought the worst possible outcome would be to allow the big, old companies to go bankrupt. But it took that failure to pare down the industry to a workable size and inject new life into it, David Streitfeld writes in the New ... More »

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Chrysler • General Motors • Ford • US economy • steel • auto industry • bailout • financial crisis

Manhole Cover Thieves Hit Streets of Philadelphia

Scrap metal prices result in 25-fold spike

Jul 23, 08 8:47 AM CDT
(Newser) - These days you have to watch your step in Philadelphia. The City of Brotherly Love is suffering from an epidemic of manhole-cover theft, as rising scrap metal prices have led to a 2,500% increase in stolen covers and grates. Thieves are selling the covers for $5 to $10 at... More »

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theft • Philadelphia • iron • steel • metal prices

 Booming China
 Flexing Its
 M&A Muscle 

Chinese companies snap up $42B in foreign assets so far in 2008

Jul 15, 08 10:00 AM CDT
(Newser) - Chinese companies are on a buying binge, snapping up $42 billion worth of foreign assets in the first 6 months of 2008. That's a 500% increase over the previous year, and equal to the combined value of takeovers from 2000 to 2006, reports DealBook in the New York Times.... More »

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China • hostile takeover • mergers and acquisitions • steel • commodities

Oil, Steel Fuel Surge in Asian Markets

Near-record crude prices outweigh
fears of US skid

Sep 11, 07 4:14 AM CDT
(Newser) - Crude climbed within 50 cents of a record today, and that meant Asian stock indexes were climbing as well with the Nikkei rising 0.3% and the Asia-Pacific index up 0.1% after big losses Friday. Steel joined oil as a big mover when South Korean producers announced a price... More »

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China • South Korea • Japan • steel • Asian markets • Asian stocks • Nikkei 225 Stock Average • crude oil

US Steel Buys Canadian Rival

$1.1B deal for Stelco consolidates market, makes Pittsburgh giant fifth largest

Aug 28, 07 6:02 AM CDT
(Newser) - US Steel's agreement to buy Canadian competitor Stelco for $1.1 billion, making it the world's fifth-largest steelmaker, is the company's second major acquisition this year, but not necessarily the last, CEO John Surma said yesterday. In the face of breakneck growth by Indian and Russian steel producers, the Pittsburgh... More »

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merger • steel • US Steel • Stelco • John Surma

Feds Spot Bridge Support Flaw

Same metal plates are used by hundreds of other bridges

Aug 9, 07 5:28 AM CDT
(Newser) - Federal experts investigating the Minneapolis bridge disaster have identified a structural flaw that may have led to the collapse, reports the New York Times. Investigators suspect that steel gusset plates used to connect the girders weren't strong enough to support the bridge right from the start. Federal authorities immediately warned... More »

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Minneapolis • Minnesota • bridge collapse • bridge • collapse • NTSB • gusset plates • steel • girders

15 Stories


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