American Axle suing supplier Republic Engineered Products to resume steel shipments

September 25th, 2009 Cash in hand, American Axle extends stake to GMNEW YORK — Auto parts supplier American Axle & Manufacturing Holdings Inc. says it has granted General Motors Co.

September 24th, 2009 Japan mired in slump as exports, imports tumbleTOKYO — Japan's exports tumbled 36 percent in August — with car shipments falling by half — and imports also contracted sharply, the government said Thursday, showing the world's No. 2 economy remains mired in a deep slump.

September 17th, 2009 American Axle restructures debt, gets help from GMDETROIT — American Axle & Manufacturing Holdings Inc. said Thursday that it reached a deal to restructure its debt and received millions in financial help from General Motors, likely preventing a bankruptcy protection filing at struggling auto supplier.

September 1st, 2009 AK Steel to raise pricesWEST CHESTER, Ohio — AK Steel said Tuesday it will raise prices for all new steel orders. The West Chester-based steel maker said base prices will increase by $40 per ton hot-rolled products, $50 per ton for cold-rolled products and $60 per ton for coated products.

August 14th, 2009 Genesee & Wyoming July traffic falls 1.2 percentGREENWICH, Conn. — Regional freight railroad operator Genesee & Wyoming Inc.

August 5th, 2009 AIG, American Axle, Whole Foods, EA are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE American International Group Inc., up $8.48 at $22 Shares of the embattled insurer gained more than 60 percent ahead of its earnings release slated for Friday and the Monday start of new CEO Robert Benmosche, former head of MetLife. American Axle and Manufacturing Holdings Inc., up $1.14 at $3.75 The auto supplier's second-quarter loss shrunk in half from a year ago — but so did its sales due to Detroit automakers' plant shutdowns.

July 11th, 2009 American Axle working through restructuring planNEW YORK — American Axle is working with longtime legal and financial advisers to consider restructuring options, but the company and a law firm representing it are stopping short of saying they are considering bankruptcy. "After discussions with our bankruptcy group we are not in a position to comment," a Shearman & Sterling spokesman said.

June 28th, 2009 NEW DELHI - A leading industry body has called for increasing customs duty on steel from 5 percent to 10 percent as consumption of local steel by domestic users was falling. According to the Federation of Indian Chamber of Commerce and Industry (Ficci), imported steel accounted for over 11 percent share of consumption, as compared to 6 percent a few years ago.

June 10th, 2009 Report: Iron ore shipments down on Great LakesCLEVELAND — Iron ore shipments on the Great Lakes are down substantially because of the low demand for steel, a report from a trade association of cargo ships said Tuesday. The Lake Carriers' Association said iron ore shipments in May totaled only 3 million tons, a decrease of nearly 60 percent compared to a year ago.

June 5th, 2009 Rio Tinto, AK Steel, Hansen Natural are big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Rio Tinto PLC, up $11.08 at $193.76 The miner nixed its $19.5 billion Chinalco deal, and will instead cut its debt through a stock sale and venture with rival BHP Billiton Ltd. Quanta Services Inc., up 61 cents at $24.29 Standard & Poor's will put the electric utility contactor in its S&P 500 index, meaning many funds will add its shares to portfolios.

May 5th, 2009 AK Steel cuts its second-quarter outlookPITTSBURGH — Production cuts at General Motors Corp. and Chrysler LLC will leave AK Steel with a larger-than-expected loss in the second-quarter, the steel maker said Tuesday.

May 1st, 2009 American Axle posts wider 1Q loss on industry woesDETROIT — Auto parts supplier American Axle & Manufacturing Holdings Inc. on Friday posted a wider first-quarter loss as production cuts at automakers sent its sales tumbling.

April 28th, 2009 Union: American Axle to close Detroit plantNEW YORK — American Axle & Manufacturing Inc. plans to shutter the largest plant at its Detroit manufacturing complex and move production to Mexico, a union official said Tuesday.

April 21st, 2009 AK Steel posts $73M loss in 1QPITTSBURGH — AK Steel Holding Corp., a supplier of steel for cars and trucks, on Tuesday reported a first-quarter loss compared with a year-earlier profit, as the recession continued to dampen demand for the metal. The West Chester, Ohio-based company's loss of $73.4 million reflected lower shipments for the metal used in everything from cars and dishwashers to high-rise buildings.

January 1st, 2009 RAIPUR - Bhilai Steel Plant concluded April-December with the best-ever performance as its production touched 4.04 million tonnes (MT) of hot metal, 3.87 MT of crude steel and 3.31 MT of saleable steel, a company official said Friday. The plant, located some 30 km west of Chhattisgarh's capital Raipur, is the flagship unit of the state-owned Steel Authority of India (SAIL).