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The Michigan Economic Development Corp. announced three investment projects in the past week valued at nearly $94 million that will boost the state’s automotive supplier base.
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Shipments by stainless steel distributors fell in April after three consecutive month-on-month increases, according to Metals Service Center Institute (MSCI) data.
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The Commerce Department’s International Trade Administration (ITA) is postponing by 50 days to July 26 the preliminary determination in its anti-dumping duty investigation on imports of utility-scale wind towers from China and Vietnam.
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The design and engineering team behind General Motors Co.’s Chevrolet Volt was honored with the Steel Market Development Institute’s (SMDI’s) annual Automotive Excellence Award Wednesday.
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ThyssenKrupp AG has agreed to sell its U.S. foundry business to private equity firm KPS Capital Partners LP.
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JMC Steel Group Inc. plans to sell electrical conduit fittings in Canada under the Picoma brand name, the company said Tuesday, and has added a Canadian sales team to handle the task.
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April steel shipments by service centers dipped to their lowest level in four months, helping spur a 2.5-percent rise in inventories from the previous month even as demand continues to hold steady despite some erratic moves in spot pricing, market participants told AMM.
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Aluminum shipments by service centers in the United States and Canada were down in April compared to each of the previous three months, but distributors say they nonetheless remain optimistic about the rest of the quarter.
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Metal stampers, rollers, tool and die makers, and parts producers are feeling a little less sunny about their economic prospects than they were earlier this year, according to the most recent business conditions survey by the Precision Metalforming Association (PMA).
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The U.S. International Trade Commission (ITC) voted unanimously Tuesday to keep duties in place on imports of two steel-related products.
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Mexico’s automotive industry assembled 920,032 cars and light trucks in the first four months of 2012, 15.2 percent more than in the same period last year, according to Amia, Mexico’s automotive industry association.
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Patriot Coal Corp. has revised downward its 2012 outlook due to uncertainty surrounding one of its customers.
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Alpha Natural Resources Inc. has closed a metallurgical coal surface mine in Raleigh County, W.Va., and has no plans to reopen it.
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A price hike on aerospace aluminum plate this year appears to have stuck and the market could be in store for further tightening, service center executives and sources said.
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Iron ore shipments on the Great Lakes totaled 6.1 million tons in April, up 6.1 percent from 5.74 million tonnes in the same month last year and 22.9 percent ahead of the five-year monthly average of 4.96 million tons, the Lake Carriers’ Association said.
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O’Neal Industries Inc. has promoted Suzanne Lane to vice president and corporate controller.
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Central Steel & Wire Co. has appointed Philip Kennedy as director of sales for its south region and Andrew Steward as territory sales manager.
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The U.S. construction market’s slow and unsteady rebound has prevented domestic steel mills from returning to high capacity utilization rates, and there’s no relief on the horizon, steel executives said during the Town Hall Forum at AISTech 2012, the Iron and Steel Technology Conference and Exposition in Atlanta.
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While the U.S. construction market is unlikely to see a sudden rebound, steel producers are seeing spikes in demand from the automotive and transportation sectors, as well as the energy and exploration industries, a panel of industry executives said at AISTech 2012, the Iron and Steel Technology Conference and Exposition in Atlanta.
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The number of drill rigs running in the United States increased by nine last week, led by Oklahoma (up three), but Canadian drilling activity fell by 11 rigs compared with the previous week.
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Prices for most traded metal commodities fell in April and are now well off peaks from 2011, according to the Bureau of Labor Statistics’ Producer Price Index (PPI) report released Friday.
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The Canadian International Trade Tribunal (CITT) has determined in its anti-dumping and countervailing duty investigation that imports of tubing pup joints from China are not causing injury but threaten the domestic industry.
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The Commerce Department’s International Trade Administration (ITA) has extended by 50 days to July 26 preliminary determinations in its anti-dumping duty investigation of steel wire garment hangers from Vietnam and Taiwan at the request of petitioners M&B Metal Products Co. Inc., Innovative Fabrication LLC/Indy Hanger and U.S. Hanger Co. LLC, who said they needed more time to analyze and comment on responses from various companies.
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The Commerce Department’s International Trade Administration (ITA) has extended by 120 days to Oct. 30 the preliminary results in its third anti-dumping duty administrative review on imports of steel wire garment hangers from China for the Oct. 1, 2010, to Sept. 30, 2011, period of review, citing additional time needed to gather and analyze surrogate country and value information.