'Basket case.'
Article Abstract:
U.S. Steel, blaming steel imports, has terminated about 100 individuals from its workforce, a figure that is expected to increase given the decline in steel orders despite an increase in demand by US steel users. The company, which employs about 2,500 workers at its Mon Valley Works in West Mifflin and Braddock, both in Pennsylvania, also said that the steel industry might file a formal complaint with the US International Trade Commission regarding what it calls as unfair steel trading by countries in the former Soviet Union and Asia. The steel industry released figures showing steel imports for the first half of 1998 that were 12% greater for the same period last year.
Comment:
Has terminated about 100 individuals from its workforce at Mon Valley Works in West Mifflin and Braddock, both in Pennsylvania
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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MSA aiming hardhats at homeowners
Article Abstract:
Mine Safety Appliances Co., an O'Hara, PA-based company, has announced its new MSA Safety Works line, which includes mask, goggles, respirators and other safety equipment, can now be purchased through hardware stores, home centers, and specialty retailers. Mine Safety is optimistic its safety gadgets, which are intended for consumers and small contractors, will create a $200-million business for the company, growing 15% annually. Harry A. Kunze, the director of the business on worker safety, noted the venture hopes to seize 30% of the market in five years.
Comment:
Says its new MSA Safety Works line can now be purchased through hardware stores, home centers, and specialty retailers
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Ludlum raises prices hoping imports slow
Article Abstract:
Allegheny Ludlum Corp., a division of Allegheny Teledyne, has announced it will raise prices of stainless steel and plate by 4% to 6%. The increase was in response to the anticipated decline in supply of the product in the US as federal government is expected to put an end to the increasing steel imports that have hurt steel businesses in the country. A spokesperson for the company stated the increase, which marks the first time that Allegheny Ludlum raise prices of its products since March 1997, will take effect Oct. 5, 1998.
Comment:
Announces it will raise prices of stainless steel and plate by 4% to 6%
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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