Steel's

"This is a really disappointing projection," Shinichi Taniguchi , Nippon Steel's executive vice president, said at a news conference.

Nippon Steel Swings to Loss in Quarter Hiroyuki Kachi 2012

Stock market weakness is also weighing on Nippon Steel's profitability.

Nippon Steel Swings to Loss in Quarter Hiroyuki Kachi 2012

Angang Steel's Hong Kong and Shanghai shares fell 10.9% and 4.6% respectively, while Maanshan's were down 9.3% and 0.8%.

Asian Shares Mostly Up John Phillips 2012

U.S. Steel's board pointed out the CEO shouldn't be protected from belt tightening.

USA TODAY analysis: Many CEOs took a pay cut in 2009 2010

U.S. Steel's Serbian operation faced particular challenges, including a high cost of importing raw materials and competition from low cost imports for its lower grade product.

U.S. Steel to Sell Serbian Unit for 'Nominal' Price John W. Miller 2012

Angang Steel's profit warning came after rival Maanshan Iron said on Monday it expects its 2011 net profit to fall more than 50% from 1.10 billion yuan the previous year because of weakening demand for steel products as well as higher prices of fuel and raw materials, such as iron ore—a key material in steel making.

China Steel Makers' Shares Tumble Joanne Chiu 2012

In the meantime customers will be supplied with material from Tata Steel's other hot strip mill in South Wales at Port Talbot, where production costs are lower.

Tata Steel Mothballs U.K. Mill Alex MacDonald 2011

"It is with great regret that we have had to make this decision," said Jon Ferriman, director for Tata Steel's U.K. strip products hub.

Tata Steel Mothballs U.K. Mill Alex MacDonald 2011

Nippon Steel's then-chairman, Yosihiro Inayama, reportedly replied, "It won't do you any good unless China has a manager as good as Park Tae-joon to run it."

Posco Founder Park Tae-Joon Passes Away Evan Ramstad 2011

Today he is resigned to the fact that Tata Steel's plant is set to come up.

Can Posco Cross The India Barrier? 2011