Canadian Institute of Steel Construction said it is “gravely concerned” about use of Buy America for project on B.C. soil
Severstal selling pair of steel plants to AK Steel, Steel Dynamics for about US$2.33 billion
Planning officials warned local leaders to stop ignoring orders to reduce overcapacity, promising that “Those who still violate discipline will be heavily punished”
Company cites bureaucratic snags and difficulties in securing land as major roadblocks
Posco said it scrapped project over delays stemming from local opposition to land acquisition
Industry will post 3.6 per cent CAGR between 2018 and 2022, reaching market value of $96-billion
The acquisition includes the operating assets as well as the land and buildings.
Pump and valve maker Colfax Corp.’s plans to buy Charter International PLC includes welding equipment maker ESAB in a cash-and-stock deal valued at $2.4 billion.
Australia’s largest steel maker BlueScope Steel Ltd. will shut two production facilities and shed 1,000 jobs after posting a $1.09-billion annual loss.
The World Trade Organization has ruled that China was unfairly protecting its domestic manufacturers by limiting the export of nine raw materials.