International drilling drives OCTG demand
As countries push to develop shale plays and offshore reserves, OCTG demand may be in for large gains as the international drill rig count steadily climbs.
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As the new year got under way, copper, iron ore and aluminum—mainstays of the minerals and metals segment of the North American economy—all seemed to be going their separate ways.
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One of the quiet trends in North American iron ore during the past decade has been the transition from steelmaker ownership of the continent’s iron ore mines to a concentration in the hands of several large steelmakers and one major merchant producer/seller of iron ore.
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A quiet revolution is sweeping through the global iron ore markets, kicked off in early 2012 when Essar Steel Minnesota LLC announced that its Nashwauk, Minn., taconite property on the Mesabi Range, about 100 miles west of Lake Superior, contained far more ore-bearing rock than it had previously believed.
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Recyclers are paying the price as thieves get off with little more than a slap on the wrist. So what’s the solution? The IRS might be the ticket.
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Too many candidates, the profusion of debates and the effectiveness—or not—of the Republican party leadership are dragging out the race.
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Making steel may be all in a day’s work for millions of people around the world, but sometimes during the course of that effort a few individuals make history and long-lasting breakthroughs.