BERLIN – Germany’s Thyssenkrupp on Wednesday suspended its 2021/22 forecast for free cash flow before mergers and acquisitions for due to the Ukraine crisis and said it was unclear if …
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Owner of Steel Drum Company Admits to Defrauding Over $20 Million From a Harford County, Maryland Manufacturer in Kickback Scheme
by DOJ PressBaltimore, Maryland – Anthony P. Urcioli, Sr., age 78, of Park Ridge, New Jersey, pleaded guilty yesterday to conspiracy to commit wire fraud and filing a false tax return. …
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BRUSSELS – The European Union is imposing tariffs on imports of steel fasteners from China on the basis that they are being sold at artificially low prices, the EU official …
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Former lab director sentenced to prison for falsifying results of steel testing on parts for Navy subs
by DOJ PressTacoma – The former Director of Metallurgy at Bradken Inc. was sentenced today in U.S. District Court in Tacoma to 30 months in prison, and a $50,000 fine, for falsifying …
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Seattle – The co-owner and financial manager of a Puyallup, Washington steel fabrication business was indicted today for nine counts of failing to pay over employment taxes, announced U.S. Attorney …
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By Christoph Steitz and Tom Käckenhoff FRANKFURT – Thyssenkrupp said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two biggest divisions – steel and …
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WASHINGTON – The United States and Japan on Monday are set to announce a deal to grant Japanese steelmakers relief from Trump-era U.S. tariffs for a limited amount of steel …
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TOKYO – Japan’s top steelmaker Nippon Steel Corp is seeking more merger and acquisition (M&A) opportunities to boost its global output capacity to 100 million tonnes, an executive said on …
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LONDON – Global crude steel production gained 3.7% last year to 1.95 billion tonnes, World Steel Association data showed on Tuesday, despite weaker output in top producer China as an …
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DAYTON, Ohio – A steel carport business headquartered in Muncie, Indiana, is forfeiting $6 million for knowingly employing dozens of undocumented immigrants. Company executives paid to smuggle the undocumented workers …