查看更多>>摘要：THE INTERNATIONAL Iron and Steel Institute and the Steel Manufacturers Assn. have released important statements that accurately identify the key issues that must be resolved if we are to end the current steel-trade impasse.On July 18th, the world's leading steel companies, through the IISI, issued a common call to governments for a multilateral steel agreement. 'The companies are in agreement that the present financial problems of the industry result from excess capacity," IISI says. Particularly problematic is the excess capacity of "steel companies whose plants are no longer economic or competitive," IISI says. "The global steel industry is in a crisis today despite record crude-steel production of 844 million metric tons in the last year."
查看更多>>摘要：Low steel prices took their toll on U.S. steelmakers for another quarter The ten largest companies that report their earnings had a combined loss of
查看更多>>摘要：U.S. Steel will permanently phase out production at the cold-rolling and tin mills at its Fairless (Pa.) Works in the fourth quarter. Only the plant's hot-dip galvanizing line will operate after that. The cold and tin mills represent 1.5 million tons of capacity. The jobs of 600 workers will be cut. Only 100 people will remain to work on the galvanizing line.
查看更多>>摘要：Iron Dynamics Inc. (IDI) was shut down in July and most of its workforce assigned to other duties while more changes are considered for the molten direct-reduced-iron plant in Butler, Ind.Startup is not expected until spring 2002 at the earliest. "It may not staff up for a year and a half, or it could be next May
查看更多>>摘要：Bethlehem Steel will stop producing coke in Lackawanna, N.Y., by the end of September. Final shipments and preparations for the operation's permanent closure will continue into the fourth quarter.Bethlehem will continue to operate its hot-dip galvanizing line at the facility. The company will record a
查看更多>>摘要：On July 31st, the USX board of directors approved a definitive plan of reorganization that will separate USX Corp. into U.S. Steel Corp. and Marathon Oil Corp. on Jan. 1, 2002. As of that day, USX will no longer exist.The plan must be approved by the Internal Revenue Service, which must rule that the reorganization can be done tax-free. It also must be approved by the USX shareholders, who will have a special meeting in Wilmington, Del., on Oct. 16th.
查看更多>>摘要：Alcoa and BHP Billiton are merging their North American distribution businesses, which both of them bought separately in 2000. The merger should be complete by Oct. 2001; by then, the merged companies should announce a new name.Alcoa owns Reynolds Aluminum Supply Co. (Rasco), which it acquired when it bought Reynolds in May 2000. Before then Alcoa didn't have its own distribution business, except for the distribution arm of Alumax, which it bought in the mid-1990s.
查看更多>>摘要：Laclede Steel shut down its mill in Alton, Ill., and filed for bankruptcy July 27th. The Alton mill includes a melt shop and 14-inch bar mill. Laclede will try to sell the mill as a whole but will sell the equipment in a bankruptcy auction if no buyers come forward. The move threw 500 people out of work in Alton, which is across the Mississippi River from the St. Louis area; Laclede's headquarters are in St. Louis.Laclede also put its pipe division in Fairless Hills, Pa., on the block, although it still is operating. Its Laclede Chain Manufacturing business has been up for sale since last year.
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