steel

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US Steel Buys Canadian Rival
US Steel Buys Canadian Rival

US Steel Buys Canadian Rival

$1.1B deal for Stelco consolidates market, makes Pittsburgh giant fifth largest

(Newser) - US Steel's agreement to buy Canadian competitor Stelco for $1.1 billion, making it the world's fifth-largest steelmaker, is the company's second major acquisition this year, but not necessarily the last, CEO John Surma said yesterday. In the face of breakneck growth by Indian and Russian steel producers, the Pittsburgh...

Feds Spot Bridge Support Flaw
Feds Spot Bridge Support Flaw

Feds Spot Bridge Support Flaw

Same metal plates are used by hundreds of other bridges

(Newser) - Federal experts investigating the Minneapolis bridge disaster have identified a structural flaw that may have led to the collapse, reports the New York Times. Investigators suspect that steel gusset plates used to connect the girders weren't strong enough to support the bridge right from the start. Federal authorities immediately warned...

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