Latest Base metals industry News

Theater company brings Shakespeare to steel

May. 26, 2019 10:48 AM EDT

For more than a century, steel mills churning along Pittsburgh's three rivers helped define the region as one of the world's largest steel-making capitals until the collapse of the industry in the 1980s. Now, ruins of the industry loom massive and rusting, a reminder of power and loss. Where better to stage a...

British Steel collapses, threatening thousands of jobs

May. 22, 2019 9:13 AM EDT

LONDON (AP) — British Steel Ltd has been ordered into liquidation as it struggles with industry-wide troubles and Brexit, threatening 5,000 workers and another 20,000 jobs in the supply chain. The company had asked for a package of support to tackle issues related to Britain's pending departure from the...

UK government promises to do utmost to help British Steel

May. 21, 2019 4:07 PM EDT

LONDON (AP) — Britain's government pledged Tuesday to do its utmost to support British Steel amid reports the company is facing bankruptcy. Some 5,000 workers are employed by the company with another 20,000 jobs in the supply chain. Business minister Andrew Stephenson told the House of Commons that the...

Defunct steelmaker's 21-story headquarters imploded

May. 19, 2019 3:23 PM EDT

BETHLEHEM, Pa. (AP) — Sixteen thousand tons of Bethlehem Steel collapsed in a matter of seconds Sunday as a demolition crew imploded Martin Tower, the defunct steelmaker's former world headquarters. Crowds gathered to watch the demolition of the area's tallest building, a 21-story monolith that opened at...

Tribes, environmentalists battle copper mine in Arizona

May. 19, 2019 2:35 PM EDT

SONOITA, Ariz. (AP) — Scenic State Highway 83 gently curves through southeastern Arizona's wine country, past waves of blond grass dotted with orange-tipped ocotillo plants before the dark Santa Rita Mountains loom into view. The Milepost 44 pullout offers a panorama of the range in the Coronado National...

The Latest: Tariff agreement hailed by business groups

May. 18, 2019 6:23 AM EDT

WASHINGTON (AP) — The Latest on President Donald Trump and U.S. trade tariffs (all times local): 4:50 p.m. Mexico's National Chamber of the Iron and Steel Industry is congratulating the country's officials on the agreement reached with the United States on ending steel and aluminum tariffs. The chamber...

8 people trapped in flooded mine in China's northeast

May. 17, 2019 4:09 AM EDT

BEIJING (AP) — Chinese authorities say eight people remain trapped Friday in a flooded iron mine in the country's northeast. The accident comes a day after 10 people were killed when a building being refurbished in the financial hub of Shanghai collapsed. Both incidents underscore continuing problems with...

Federal agency renews Twin Metals mine leases in Minnesota

May. 15, 2019 5:28 PM EDT

MINNEAPOLIS (AP) — The federal Bureau of Land Management on Wednesday renewed mineral rights leases for a proposed Twin Metals copper-nickel mine in northeastern Minnesota, a project that environmentalists fear would spoil the pristine Boundary Waters Canoe Area. Department of Interior Assistant Secretary...

Downfall: Defunct steelmaker's global HQ to be imploded

May. 15, 2019 1:29 PM EDT

BETHLEHEM, Pa. (AP) — Hank Barnette rode an elevator to the top floor of Martin Tower, walked to the empty spot where his office once stood and took in the expansive view, which he'd been too busy to fully appreciate when he was running America's second-largest steel company. Barnette was there to say...

European steel merger derailed by antitrust regulators

May. 10, 2019 8:41 AM EDT

FRANKFURT, Germany (AP) — German steelmaker Thyssenkrupp said Friday it would cut some 6,000 jobs and restructure its businesses after saying that it expects European antitrust regulators to block plans for a joint venture with India's Tata Steel. CEO Guido Kerkhoff said 4,000 of the lost jobs would be in...