If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting! .50BMG’s are the pinnacle of the civilian rifle power, in the popular view (yes there are larger safari firearms, i know) and as i’ve collected and worked on many firearms, the desire to own one has grown. Now […]

The global stock market slump has driven Japanese companies to buy back more of their own shares, in spite of their reputation for hoarding investors’ cash. There were buy-backs at 587 listed companies last year, according to figures from data …
Source:Falling share prices spur Japanese buy-backs - Financial Times

STEEL WOES: SABIC says its diverse product range will help the company through a difficult time in the steel industry. (Getty Images) Saudi Basic Industries Corp (SABIC) expects its diverse product portfolio to help it weather the impact of lower …
Source:Diversity the key as SABIC faces steel price woes - ArabianBusiness.com

Steel producers to give discounts instead of slashing pricesEconomic Times, India - Jan 2, 2009Steel prices are at Rs 32000-33000/tonne level after falling more than 30% from a high of Rs 48000-50000/tonne in April 2008. Since prices have stabilised …

Source:Steel producers to give discounts instead of slashing prices - Economic Times

China’s 71 major mills may post a loss of up to 12.77 billion yuan ($1.86 billion) in November, China Securities Journal reported on Dec 29 citing anonymous sources. The newspaper said 48 mills were in the red in November, accounting for over two …
Source:Steel industry sees $1.86b loss in Nov - China Economic Net

The sudden fall in steel demand in recent months has left many of the industry’s bosses in a state of shock and there are few obvious signs that the outlook is going to get better in the immediate future. Global steel production could easily plunge …
Source:Shocked steelmakers brace themselves for another tough year - Financial […]

3 January, 2009 - Hopes of a government rescue for steel and ferro industries get bleaker by the day.
Source:Ferro-steel, sick but not dying (Kuensel)

By Alfred Cang and Fang Yan SHANGHAI, Dec 30 (Reuters) - China’s three leading steel mills agreed on Tuesday to merge into one entity via share swaps which will create the country’s largest listed steelmaker and further speed industry consolidation …
Source:UPDATE 2-China firms ready to merge into top steel producer - CNBC

SPRINGFIELD, Ohio — Just before Thanksgiving, Tiffany Lambert volunteered to read a memo to her co-workers at Benjamin Steel, thinking it was just another run-of-the-mill announcement. Then she realized she was announcing the GREAT program (or …
Source:Benjamin Steel employees thankful for surprise - Springfield News Sun