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  • Powdermet in tech partnerships Jun 10, 2013

    Powdermet Inc. has secured partnerships with the U.S. Army, the U.S. Navy and the U.S. Energy Department to move toward commercialization of its EnCom energetic nanocomposites and MComP microcomposite materials for use in high-density energy storage and energy-efficient mechanical bearing markets.

  • Mixed bag for metals employment in May Jun 07, 2013

    Employment in metals was mixed last month, with primary metals down as fabricators logged a gain.

  • Senators introduce new currency bill Jun 06, 2013

    A bill designed to tackle currency manipulation has been introduced into the Senate just months after similar legislation was brought into the House of Representatives.

  • Memorial Day holiday notice May 21, 2013

    AMM’s offices will be closed Monday, May 27, in observance of Memorial Day, and there will be no issue dated Tuesday, May 28.

  • ITA begins probe into steel rail tie wire imports May 14, 2013

    The Commerce Department’s International Trade Administration (ITA) has initiated an anti-dumping duty investigation into imports of prestressed concrete steel rail tie wire from China, Mexico and Thailand.

  • INTL FCStone acquires Cleartrade Exchange May 14, 2013

    New York-based commodities broker INTL FCStone Inc. has bought out electronic trading platform Cleartrade Exchange (CLTX), the trader said May 14.

  • Steel mill product trade deficit shrinks May 09, 2013

    The trade deficit between iron and steel mill product imports and exports, valued at $544 million, fell 20 percent in March after growing 11.5 percent in February as imports declined at more than twice the rate of exports, according to the U.S. Bureau of Economic Analysis.

  • Steel needs faster, firmer trade policy: execs May 08, 2013

    Fundamental problems with U.S. trade policy—particularly when it comes to defining "injury"—are resulting in an uneven playing field in the battle against imports, steelmakers said.

  • USTR seeking input on TPP talks with Japan May 06, 2013

    The Office of the U.S. Trade Representative (USTR) is requesting comments on negotiations with Japan about the in-development Trans-Pacific Partnership (TPP) trade agreement.

  • Obama selects two for cabinet May 03, 2013

    President Barack Obama nominated two new members to his cabinet May 2.

  • Private equity, traders boosting mine M&A May 01, 2013

    Private equity and trading firms are stepping up their merger-and-acquisition activity in the mining sector, which is seeing its traditional investment patterns evolve and change, according to a managing director at BNP Paribas SA.

  • Miners must decrease costs to increase ability to borrow May 01, 2013

    Mining firms need to cut costs in order to increase their ability to borrow money, James Verraster, chief executive officer of Auramet Trading LLC, said.

  • Mine funding ‘sweet spots’ are in early stages: analyst May 01, 2013

    There are a couple of key investment "sweet spots" in mining projects, both of which are prior to the production stage, Douglas Groh, a portfolio manager and senior research analyst at Tocqueville Asset Management LP, said.

  • Mining companies paying penalty for past risks: Cowen May 01, 2013

    Mining companies either failed to recognize or ignored the risks associated with developing projects and are now paying the penalty, Cowen Securities LLC analyst Adam Graf said.

  • Departures at JPMorgan, Deutsche Bank as banks downsize metals teams Apr 24, 2013

    JPMorgan Chase & Co. made some members of its metals sales desk in London redundant this past week in the latest in a series of departures from major banks and brokerages, market sources have told AMM sister publication Metal Bulletin.

  • ITC seeks input on duty-free imports Apr 22, 2013

    The U.S. International Trade Commission (ITC) is seeking input for a newly initiated investigation into the probable economic effects of duty-free imports under a proposed U.S.-European Union Transatlantic Trade and Investment Partnership Agreement.

  • Metal price indices tumble in March Apr 15, 2013

    Seven of nine prime and scrap metal price indices tracked by the U.S. Bureau of Labor Statistics declined month on month in March, and all but one index was weaker year on year.

  • Metals industry jobs up, but pace slows Apr 08, 2013

    Primary metal producers and fabricators both registered employment gains in March compared with the previous month, but results were mixed in a year-on-year comparison.

  • USTR seeks comments on proposed trade accord with EU Apr 02, 2013

    The U.S. Trade Representative’s office is seeking public comment on a proposed transatlantic trade and investment partnership agreement with the European Union.

  • Ohio approves $1M to clean defunct RG site Mar 27, 2013

    Ohio’s budgetary oversight board has approved the release of $1 million from the Clean Ohio Assistance Fund to remediate the now-shuttered RG Steel LLC plant in Steubenville, Ohio.

  • Bipartisan bill targets currency manipulation Mar 20, 2013

    A bill to hold currency manipulators accountable was introduced in the House of Representatives March 20.

  • Commerce issues dumping margin on Chinese innerspring units Mar 20, 2013

    In the final result of an anti-dumping duty administrative review of imports of innerspring units from China from Feb. 1, 2011, to Jan. 31, 2012, the Commerce Department’s International Trade Administration (ITA) has issued a weighted-average dumping margin of 234.51 percent to Tai Wa Hong Group, including entities Tai Wa Commerce & Industrial (Macau) Co. Ltd. and Macau Commercial & Industrial Spring Mattress Manufacturer.

  • Garner named RBC metals chief Mar 18, 2013

    RBC Capital Markets has appointed Bruce Garner managing director and head of metals.

  • Marantis to temporarily helm USTR Mar 15, 2013

    Deputy U.S. Trade Representative (USTR) Demetrios Marantis assumed the top post at the federal agency March 15.

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What is causing the most weakness to the U.S. metals industry?

Imports
Stagnant non-residential construction demand
Sequestration and government cuts
Global uncertainty, particularly in Europe
Too many suppliers chasing too few orders


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