Saturday, May 25, 2013 Search Our Site
     
  • NEWS
    • Daily Briefing
    • Exclusives
    • News From Other Media
    • News from KUWS
    • Letters to the Editor
    • Around The Region
    • NewsMakers
    • Construction
    • Business News
      • CNNfn
      • CBSMarketwatch
      • Bloomberg
      • Reuters
      • BusinessWeek
      • PRNewswire
    • Editorials
    • Press Releases
    • Calendar
  • ARCHIVES
  • BUY ONLINE!
  • ADVERTISING
  • CONTACT US
    • Submit a Letter to the Editor
    • Send Us News
  • ABOUT US
    • About Us
    • Our Columnists
      • Books
      • Business Law
      • Business Mentor
      • Coach's Corner
      • Inside Wisconsin
  • HOME


 
Around the Region
Iron Range to honor excellence in customer service
NewsMakers
Lindsay named to IRRC board
Press Releases
Fairview receives accreditation from College of American Pathologists
Construction
Ground broken for new Pro Blast facility
Letters to the Editor/Opinions
Invest early and well if we want vibrant rural communities 2/22/2013
Columnists
Books
Business Law
Business Mentor
Coach's Corner
Inside Wisconsin
Business News
CNNfn
Forbes
The Economist
BusinessWeek
PRNewswire
 
Join Our Mailing List
Email:
For Email Marketing you can trust
UWS
 
Comment on This Story / Send This Article to a Friend

Business North - The Daily Briefing - Business Newspaper Online
Weak overseas economy hurting area mining firms

11/2/2012
  

There was more evidence last week that economic slowdowns in Europe and China are affecting regional mining companies.

On the heels of Cliffs Natural Resources revealing it may shut down one taconite line in 2013, United States Steel and ArcelorMittal, which operated four Iron Range mines, and Steel Dynamics, majority owner of Mesabi Nugget of Hoyt Lakes, warned that overseas financial instability has hurt earnings.

Advanced Minnesota
 

ArcelorMittal reported a 709 billion dollar third quarter loss.U.S. Steel had a profitable third quarter but has lost 74 million dollars this year. Quarterly profit declined by 70 percent for Steel Dynamics.

Previous Daily Briefing Articles:
  • Cooper selected to succeed Hagen at Riverwood - 5/23/2013
  • Ojard announces retirement - 5/23/2013
  • Man dies in Superior industrial accident - 5/22/2013
  • Radisson plans June 6 reopening - 5/22/2013
  • Ground broken for new Superior SuperOne store - 5/21/2013

 

No one
 
Ashland Chamber of Commerce
 
Denton Consulting
 
Max Gray
 
St. Luke's
 
BusinessNorth - The business news source for Northeastern Minnesota and Northwestern Wisconsin.
P.O. Box 16223, Duluth, MN 55816
Phone: 218-720-3060    Fax: 218-720-3068    news@businessnorth.com