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China underwhelms with salvo to slim bloated industry

SHANGHAI (Reuters) - China's edict to more than 1,900 companies to shut excess production capacity by September is the latest effort to slim down bloated industries, but in the key steel, aluminum and cement sectors the cuts are just a fraction of their surpluses. Full story

US Steel swings to 2Q loss of $78 million

US Steel Corp. on Monday posted a smaller loss than expected in the second quarter but gave a cautious forecast for the July-to-September period. Full story

China slows, iron ore rises. But for how long?: Andy Home

LONDON (Reuters) - Chinese Slowdown is the dominant market narrative for the base metals traded on the London Metal Exchange (LME). Full story

Explosion at Ternium Mexico steel plant kills two, wounds 12

MONTERREY (Reuters) - Two people were killed and 12 wounded in an explosion at Italian-Argentine steelmaker Ternium's Guerrero plant in Nuevo Leon state in northern Mexico, the company said on Monday. Full story

News Summary: ArcelorMittal drops steel plant plan

PLANT WILTS: ArcelorMittal, the world's largest steelmaker, has abandoned plans for an $8.5 billion steel plant in eastern India after a seven-year delay in acquiring land. Full story

Nucor 2Q net income falls 24 pct on lower prices

Steel company Nucor Corp. said Thursday that its second-quarter net income tumbled 24 percent, hurt by lower steel prices. Full story

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Articles

ArcelorMittal scraps plan for steel plant in India

Posco scraps plan for $5.3B steel plant in India

Kloeckner & Co gives up hope of breaking even in 2013: paper

NY senator calls on MTA to avoid Chinese steel

US Steel says CFO Haggerty will retire in 2013

Opening of new span of San Francisco Bay bridge delayed for fixes

EU files WTO complaint over Chinese stainless steel duty

EU says wants WTO ruling versus Chinese steel duties

Pressure growing for ownership change at ILVA steel plant

Italy steel businessman Riva probed for tax evasion: sources

Video

  Latest 'Superman' earned more than $160 million through product placement

The latest Superman movie “Man of Steel” earned more than $160 million through product placement. Brian Balthazar, editor at Popgoestheweek.com joins MSNBC’s Alex Witt to discuss the marketing technique.  He mentions that they paid for more than half of the film through product placement and how pla

  Fans rave about Superman’s return in ‘Man of Steel’

The movie has yet to officially be released, but buzz is building about “Man of Steel” and early viewers are giving glowing reviews, calling it a “darker, edgier, cooler Superman.” Jason Kennedy of E! reports.

  Survey: Most Anticipated Blockbusters

Man Of Steel, Lone Ranger, Wolverine, Oh My!

  Spire lifted to top of One World Trade Center

A crane has hoisted a steel spire to the top of New York's One World Trade Center. NBCNews.com's Dara Brown reports.

  Relational: It's Time Timken Broke Up

Ralph Whitworth, Relational Investors, explains why he believes it's time for the diversified manufacturer to separate its steel and bearings businesses.

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Related Photos

A labourer climbs down piles of steel bars at a steel market in Huaibei
A labourer climbs down piles of steel bars at a steel market in Huaibei

A labourer climbs down piles of steel bars at a steel market in Huaibei, Anhui province July 30, 2013. Chinese steel demand is expected to remain weak in the second half of 2013, the country's steel association said on Wednesday, putting further pressure on steel mills struggling with falling prices

Heat waves rise from cooling billets, the steel shapes that melted guns will become before they are turned into rebar, at the Los Angeles County Sheriff's Department's 20th annual Gun Melt at the Gerdau Steel Mill in Rancho Cucamonga
Heat waves rise from cooling billets, the steel shapes that melted guns will become before they are turned into rebar, at the Los Angeles County Sheriff's Department's 20th annual Gun Melt at the Gerdau Steel Mill in Rancho Cucamonga

Heat waves rise from cooling billets, the steel shapes that melted guns will become before they are turned into rebar, at the Los Angeles County Sheriff's Department's 20th annual Gun Melt at the Gerdau Steel Mill in Rancho Cucamonga, California July 30, 2013. According to press releases from the sh

Molten steel flies from a caldron where guns are being melted at the Los Angeles County Sheriff's Department's 20th annual Gun Melt at the Gerdau Steel Mill in Rancho Cucamonga
Molten steel flies from a caldron where guns are being melted at the Los Angeles County Sheriff's Department's 20th annual Gun Melt at the Gerdau Steel Mill in Rancho Cucamonga

Molten steel flies from a caldron where guns are being melted at the Los Angeles County Sheriff's Department's 20th annual Gun Melt at the Gerdau Steel Mill in Rancho Cucamonga, California July 30, 2013. According to press releases from the sheriff's office, 5,495 weapons confiscated from criminals

A steel worker stands near a pile of guns to be melted at the Los Angeles County Sheriff's Department's 20th annual Gun Melt at the Gerdau Steel Mill in Rancho Cucamonga
A steel worker stands near a pile of guns to be melted at the Los Angeles County Sheriff's Department's 20th annual Gun Melt at the Gerdau Steel Mill in Rancho Cucamonga

A steel worker stands near a pile of guns to be melted at the Los Angeles County Sheriff's Department's 20th annual Gun Melt at the Gerdau Steel Mill in Rancho Cucamonga, California July 30, 2013. According to press releases from the sheriff's office, 5,495 weapons confiscated from criminals in Los