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U.S. hot-rolled band spot prices are continuing to fall, and some market sources suggest that the only real question is how far they’ll drop before reaching bottom. But others said the decline is only temporary and predicted a quick uptick.
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Copper prices fell more than 3 percent in New York on Wednesday, settling just above the $3.90-per-pound level to log a fresh five-month low.
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Top Nucor Corp. executive Daniel R. DiMicco is calling on Congress and the White House to step up to bat on his field of legislative and regulatory goals.
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U.S. titanium scrap prices are holding steady, unlike in other parts of the world where there’s still plenty of room for speculation about price and availability in the raw materials supply chain.
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China’s steel trade is changing, and with demand growth on course to slow, the country is unlikely to repeat the growth rates achieved in 2009 anytime soon.
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Thompson Creek Metals Co. Inc. has terminated its option agreement with U.S. Energy Corp. to acquire an interest in the Mount Emmons molybdenum project in Gunnison County, Colo., the companies said Monday.
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Chinese scrap metal buyers, citing small profit margins on imported material, have set up their own scrapyards in the United States—or are considering doing so—to acquire scrap at lower prices for shipment to China.
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WSP Holdings Ltd. has seen no "noticeable improvement" in its fourth-quarter 2010 operating performance, it said Friday, adding that it won’t release fourth-quarter and full-year 2010 financial results until May 26.
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The U.S. Commerce Department launched four steel-related probes this past week to determine what, if any, preliminary margins should be assessed against the products.
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Chinese copper scrap traders are curbing purchases of high-quality scrap like bare bright from U.S. and European markets amid fears that copper prices on the London Metal Exchange and Comex will continue to tumble.
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The Chinese government has dealt another blow to copper’s function as a financing tool as it seeks to contain the economic risks posed by cross-border capital flow.
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Apparent steel usage will continue to grow worldwide in 2011, but at less than half the rate of 2010, according to a short-range outlook on steel consumption from the World Steel Association.
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U.S. ferrosilicon prices have fallen as some traders are anticipating an oversupply of material due to smelter restarts in China and lower demand from Japan, market participants told AMM.
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The US-China Business Council is recommending Congress continue a constructive dialogue with China to support a U.S. economic agenda that includes increasing resources to help small businesses export to China, pressing China to allow U.S. service companies to operate in China and making it easier for China to buy goods from the United States.
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Canadian exploration company Sparton Resources Inc. has agreed to buy a majority stake in Chinese vanadium pentoxide producer Jiangxi Rentian Mining Co. in a bid to expand into the growing market for specialty steel alloys.
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China’s Shougang Jingang United Iron & Steel Co. Ltd. has placed an order with Germany’s SMS Siemag AG for the supply of a continuous annealing line, the third slated to be erected by SMS Siemag on China’s Caofeidian Island.
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The Steel Manufacturers Association (SMA) has warned the U.S.-China Economic and Security Review Commission not to be misled by "myths" about China’s state-owned enterprises, which the association says enjoys unfair market advantages thanks to patronage from Beijing.
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The U.S. Department of Commerce issued a final determination Tuesday that Chinese producers of certain aluminum extrusions sold metal into the United States at less than fair value and were subsidized by the Chinese government.
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The stainless bar industry has tuned its radar to imports of large-diameter product, and while Italy and Germany were behind a recent surge, they’re not the only countries sparking concern among players.
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Chinese pipe is being shipped through Indonesia, where it is threaded and marked "Made in Indonesia," in an effort to avoid duties, perhaps in the United States, according to SDB Trade International LP founder, chairman and chief executive officer Dilip Bhargava.
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China still needs large volumes of copper, and recent dips below $9,000 per tonne on the London Metal Exchange revealed strong underlying demand, Kevin Norrish, commodity research managing director at Barclays Capital Plc, said.
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U.S. steel nail producers appear to have come out ahead in the first administrative review of anti-dumping duties on nails from China.
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The U.S. Department of Energy has provided a boost to the U.S. steel industry’s argument that it is among the most energy efficient industries in the world.
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The recent acquisition of a 15-percent stake in Brazilian columbium producer Companhia Brasileira de Metalurgia e Mineração (CBMM) by South Korean and Japanese steel companies is expected to tighten the market for high-purity columbium further, market participants said.