NEWCAST 2003, International Castings Trade Fair
The new international trade fair devoted to casting products, is expected to attract 150 exhibitors and 70,000 visitors. Held June 16-21, 2003, Dusseldorf, Germany.

U.S. Steel Settles $250 Million Asbestos Lawsuit
U.S. Steel has settled the asbestos lawsuit by a former employee with lung cancer for a fraction of the $250 million jury verdict. The company believes the verdict would have been overturned, but did not want the lengthy process to distract business operations.

U.S. Exempts 295 products from Steel Tariffs
The Bush administration will exempt an additional 295 foreign steel products from the tariffs designed to protect the U.S. steel industry. The new exemptions cover plate, hot-rolled, cold-rolled, stainless steel, pipe and tubes.

Bethlehem and ISG Sign $1.5 Billion Deal
International Steel Group is a step closer to closing the deal on the proposed $1.5 Billion purchase of bankrupt Bethlehem Steel. The court is expected to rule on the merger as early as April.

New Technology Cuts Steel Cost 10% for Stampers
IRMCO has developed a high performance metal coating technology that gives lower grade steel, aluminum and galvanized metal the formability of higher grades. This allows metal users to lower their metal cost without sacrificing quality.