Latest Base metals industry News

US Steel to invest $750M in Gary Works plant in Indiana

Aug. 17, 2018 6:44 PM EDT

GARY, Ind. (AP) — U.S. Steel plans to spend at least $750 million to upgrade a century-old steel mill along northwestern Indiana's Lake Michigan shoreline. Company and government officials said Thursday that the project will help preserve Gary Works' nearly 3,900 steelworker jobs and could help ensure the...

Trade, infrastructure details split Tennessee Senate race

Aug. 15, 2018 7:12 PM EDT

NASHVILLE, Tenn. (AP) — Democrat Phil Bredesen and Republican Marsha Blackburn talked up the need for more infrastructure cash and cried foul at President Donald Trump's tariffs Wednesday. But the two were split on policy specifics during a Tennessee business forum in their rival bids in a key U.S. Senate...

Markets Right Now: Tech weakness pulls stock indexes lower

Aug. 15, 2018 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending broadly lower on Wall Street led by declines in technology companies. A surprise drop in profits for the Chinese internet giant Tencent Wednesday led to widespread declines for technology stocks. The...

Democrats' hopes to take House could stumble in Minnesota

Aug. 10, 2018 7:39 AM EDT

WATERVILLE, Minn. (AP) — For all the talk of a blue wave sweeping Democrats back into the House majority this fall, their efforts could be thwarted in one of the nation's bluest states. Voters in the sprawling farm country south of Minneapolis and in the economically struggling Iron Range along the...

AP FACT CHECK: Trump's imagined steel mills, Russian 'hoax'

Aug. 6, 2018 12:28 AM EDT

WASHINGTON (AP) — President Donald Trump is imagining steel mill openings that aren't happening and in denial about Russia's role in the 2016 presidential election. He points broadly to a "Russian hoax," even as his own top national security and intelligence officials decry a real threat of Russian...

Jobs boom favors Democratic counties, not Trump strongholds

Aug. 6, 2018 12:06 AM EDT

MONACA, Pennsylvania (AP) — The United States is on pace to add about 2.6 million jobs this year under President Donald Trump's watch. Yet the bulk of the hiring has occurred in bastions of Democratic voters rather than in the Republican counties that put Trump in the White House. On average for the...

American boat makers feel the crunch from Trump tariffs

Aug. 4, 2018 12:10 PM EDT

NEWPORT, R.I. (AP) — MJM Yachts has already felt the sting of tariffs. CEO Bob Johnstone was negotiating the sale of a 53-foot (16-meter), $2.2 million yacht to a buyer in Monaco when the European Union announced a 25 percent tariff on American-made boats as retaliation for the Trump administration's...

AP FACT CHECK: Trump on steel mills, clean air, NATO

Aug. 4, 2018 8:08 AM EDT

WASHINGTON (AP) — President Donald Trump is seeing steels mills spring up where they aren't and cleaner air than his government is tracking in its records. Over the past week, his comment that people need photo IDs to shop in stores displayed a misunderstanding of the marketplace obvious to any average...

Accusations fly as firms seek to avoid Trump's steel tariff

Jul. 30, 2018 4:22 PM EDT

WASHINGTON (AP) — U.S. companies seeking to be exempted from President Donald Trump's tariff on imported steel are accusing American steel manufacturers of spreading inaccurate and misleading information, and they fear it may torpedo their requests. Robert Miller, president and CEO of NLMK USA, said...

Rising backlash as US firms seek Trump's steel tariff waiver

Jul. 29, 2018 2:48 PM EDT

WASHINGTON (AP) — U.S. companies seeking to be exempted from President Donald Trump's tariff on imported steel are accusing American steel manufacturers of spreading inaccurate and misleading information, and they fear it may torpedo their requests. Robert Miller, president and CEO of NLMK USA, said...