Yahoo! News – U.S. group could buy insolvent Slater Steel’s Hamilton operations: Union: “Slater had initially hoped to emerge from bankruptcy protection with two of its divisions – Hamilton Specialty Bar, and Atlas Stainless Steels in Sorel-Tracy, Que. – continuing to operate. It abandoned those plans last month, citing high costs and failure to reach cost-cutting deals with unions in both provinces.
The company had sought $3.9 million in labour concessions from a unit of the Confederation of National Trade Unions in Quebec and $5.6 million from the Steelworkers members in Hamilton.
Both unions said they’d been told by Slater that even those cuts wouldn’t be enough, and that millions more in savings – as much as $10 million in Hamilton alone – were needed to improve productivity. ”
Hamond bought stainless from Atlas/Tracy in the past.
Forbes.com: Strike enters 5th day at Billiton copper mine in Chile: “[C]opper set a string of successive 6-1/2-year highs to $2,538 per tonne Tuesday on supply worries about low inventories and the strike at Cerro Colorado, which produces 130,000 tonnes of copper a year.”
Inmet Mining announces net income of $3.21 per share in the fourth quarter: “Earnings were positively impacted by higher copper, gold and zinc prices, […] partially offset by the impact of the weakening of the United States dollar in relation to the Canadian dollar”
Amazing what you find out when you put the word “Copper” into a news search engine … Pig Industry News – Copper cut in pig rations will effect growth rates – Brought to you by ThePigSite: “Brussels has reviewed downwards the amount of copper allowed in pig diets. Diets that don’t comply with the new levels should be used up by April 26. After that, it will be illegal to feed them.
So, let me get this straight … will the worldwide price of copper be effected by this reduction in consumption by pigs?
Were they feeding copper to the pigs on purpose?
Or was the copper a byproduct of the process somehow? It jumped out of the electrical wiring and into the feed?
Just like other major news stories of this century, like WMD & Janet’s glands, I’m sure there’s more here than meets the eye … “
Media Advisory – Stelco provides information update to employees: “We’ve stated that we need to review our entire cost structure during our restructuring process. We have not singled out and do not intend to single out any one particular group to bear the entire burden of this exercise, be it employees, bondholders, pensioners, trade creditors or others.”
Yahoo! News – Whirlpool to close its Montmagny, Que., plant, 500 to lose jobs: “About 60 workers will be laid off by the end of February and the rest in mid-May. The plant opened in the community 65 kilometres southeast of Quebec City in 1867.
Ivan Menard, a consulant, said the factory is just too old, and too far from Quebec’s major cities. “
RPT-UPDATE – Inco returns to profit, but 2004 outlook nags: “Prices for nickel, last at $6.85 a pound, are 110 percent up in the past year due a shortage of production start-ups at a time of strong demand from China for stainless steel, of which the silvery white metal is a key ingredient.”
Yahoo! News – EPA Reaches Agreement With ISG Indiana Harbor on Clean-Air Violations: “‘As part of the agreement, ISG will protect the health of its neighbors by installing two air conveyor systems at its sinter plant, cutting dust emissions by about 7,500 pounds a year,’ said EPA Region 5 Administrator Thomas V. Skinner. Skinner said the systems will cost the company at least $111,783. This is in addition to a civil penalty of $42,839.
Hydrochloric acid is corrosive to the eyes, skin and mucous membranes. Inhalation may cause coughing, hoarseness, inflammation and ulceration of the respiratory tract and chest pain. “
Reduce, reuse, recycle … Yahoo! News – Cubans Sailing to U.S. in Car Caught by Coast Guard: “A group of Cubans tried to sail to the United States in a 1959 Buick car fashioned into a boat “
Yahoo! News – Algoma Steel earns $10.1M profit in Q4 as lower costs offset drop in sales: “Algoma’s profit comes as other steelmakers are reeling from heavy debtloads and piling losses. Hamilton-based steel giant Stelco Inc. entered bankruptcy-court protection late last month, joining Slater Steel of Mississauga, Ont., and Montreal-based Ivaco Corp., who made such moves last year.
Algoma itself has endured two bankruptcy restructurings, emerging from its second one in early 2002. “