The Tough Deal That Saved Steel
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Nov. 8 issue - Wilbur Ross isn&#39;t Superman, but there&#39;s no doubt he&#39;s Wall Street&#39;s Man of Steel. Ross, a veteran bankruptcy player, made a deal last week to sell his International Steel Group at $42 a share
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Prices for raw materials had languished for years, but the sector is now trying to meet burgeoning global demand for iron, copper and other key commodities.
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Engineers believe they have found the cause of and remedy for the problem that damaged the Endeavour heat shield tiles.
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Tycoon Lakshmi N. Mittalâs $4.5 billion purchase of International Steel Group will create a colossal powerhouse in the world steel industry with the capabilities of producing 70 million tons of steel annually.
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Knowing a few basics can save you hundreds of thousands.
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United States Steel Corp. saw profits rise in the third quarter, thanks to both strong demand and cost cuts. Pittsburgh-based US Steel on Tuesday reported third-quarter net income of $354 million, or $2.
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President Bush is getting support from unlikely people in battleground states: some steelworkers who are grateful for temporary tariffs that helped the struggling steel industry begin rebounding.
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The troubled airline has scored a money-saving pact with its pilots. But to avert a bankruptcy, more savings are needed. After more than a year of bargaining and some very high-pressure negotiating sessions
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FIVE years ago, Carlos Ghosn, the pioneering chief of Nissan, demanded that the car maker&#39;s main steel suppliers either cut their prices or risk losing its business.
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ELK GROVE VILLAGE, ILL. -- They arrived in late August on a flatbed truck from Missouri. The three long, arcing, silvery shapes were rough to the touch, their sheen buried under a mottled layer of crusted, cooled steel.
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PHILADELPHIA _ International Steel Group Inc., which includes the remains of the bankrupt Bethlehem Steel Corp., is being acquired by a Dutch steel company for $4.
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India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 5.75 billion pounds ($11.3 billion).
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When steel prices jump, so will other prices.
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Seven years ago, after Lakshmi Mittal took his fledgling steel group public, he was asked how he could compete in a global industry undergoing huge upheavals.
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The right recipe of added metals yields a steel without the usual crystalline atomic structure, making for a stronger and lighter material.
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The steelmaker faces serious headwinds, but it has the resources to batten down the hatches.
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Former steelworkers who lost pensions when their employers went bust welcome an expected compensation deal.