U.S. Steelmakers Raise Prices and Begin Rationing
U.S. steelmakers have begun to raise prices and ration deliveries because demand is
outpacing supply due to the new tariffs on imports. The Wall Street Journal reported
that some steel mills are demanding higher prices, even after deals have been negotiated.
Bush Slaps 30% Tariffs On Foreign Steel
Despite strong protests and risks of a trade war, President Bush moved to protect the US steel industry by imposing tariffs on steel imports. "We're a free-trading nation, and in order to remain a free-trading nation, we must enforce law," Bush said.
Thousands Of Steelworkers Converge On White House
Thousands of steelworkers are converging on Washington this week to urge President Bush to impose 40 percent tariffs on foreign steel. President Bush faces a March 6th deadline on providing import relief to the American steel industry.
2002 Olympic Medals Are Made One Step at a Time
Each of the 800 victory medals are slightly unique like a piece of art. See how the
medal makers handcraft each one.
Fortune Names Worthington One of 100 Best Companies
Worthington Industries, a leading diversified metal processing company with annual sales
near $2 billion, has been named one of the "100 Best Companies to Work for In America"
by Fortune magazine. The company employs 7,500 people in 11 countries. See who else
made the list.
Increases in Base Metals Prices Signals Economic Recovery
After nearly a year of declining prices most industrial metals began to rally in November,
particularly aluminum, copper, nickel, zinc and lead.
Could steel tariffs hurt American jobs?
Study of steel-consuming industry reveals steel import tariffs could cost 74,500 U.S.
jobs. Companies that use steel rely on open markets for raw materials and will suffer
from trade restrictions. Report shows eight jobs would be lost for each steel job maintained.
Metals: Latest Trend in Home Design
Stainless is no longer the only metal for the home. Designers, architects and manufacturers
are featuring other metals such as matte-finish bronze, oxidized brass, antique copper,
nickel and pewter in living rooms, family rooms and bedrooms.
Health Risk of New Euro Coin Challenged
The Nickel Development Institute responded to the recent Reuters report which implied
that "Euro coins could cause skin disease" stating the metal's presence in the new Euro
coins is safe, despite some research suggesting it could cause skin complaints.
LTV Steel CEO Resigns Amid Bankruptcy
William Bricker, Chairman and CEO of LTV Steel resigned as the company's steel operations struggle to survive. The bankruptcy puts 7,500 U.S. jobs at risk.