Builders Steeling Home
The use of steel in home building has increased 300% over the past three years
according to North American Steel Framing Alliance. The rising costs of wood and the
steady decline in wood quality, prompted leading builders to make make the move to steel
now.
Titanium Helps F-22 Achieve Air Superiority
Stringent performance requirements led to the use of six different titanium alloys on the F-22 Raptor. The new fighter utilizes more titanium than any other U.S. Air Force aircraft, over 9000 pounds, or approximately 42% by weight.
Gold Surges to Highest Level in 2-1/2 Years on Fear of War.
Fear of terrorism, Middle East tensions and hostilities between India and Pakistan have
all contributed to the surge in the price of gold. The price of gold has increased more
than 15 percent in 2002, and is now at a level not seen since October 1999.
Kaiser Aluminum Ordered to Pay Steelworkers $200 Million
Judge rules that 2,900 striking steelworkers were unlawfully locked out by Kaiser Aluminum
and wages should be paid back. Compensation for the 20 month lock-out could amount to
$200 Million. Kaiser has promised "vigorous pursuit of an appeal."
Top 20 Service Center Equipment Makers
Metal Center News' equipment and technology purchasing survey reveals the top companies
including saw manufacturers, makers of coil processing lines, suppliers of material-handling
systems and various metal cutting and forming equipment makers.
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.
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.