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Chinese metals trader SinoSteel Corp. has signed a memorandum of understanding with New Millennium Capital Corp., Montreal, to develop an existing iron ore mine in Labrador near Schefferville, Quebec.
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Canada could lose its global leadership in mining because reserves were depleted during a "lost decade" of exploration, according to a senior executive at Scotia Capital, Toronto.
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DaimlerChrysler AG, Stuttgart, Germany, plans to invest $35 million to open an assembly plant in Ladson, S.C., to build Dodge Sprinter vans from kits shipped from Europe.
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Hayes Lemmerz International Inc., Northville, Mich., has increased its stake in a Turkish aluminum wheel joint venture to 60 percent from 40 percent.
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Rolls-Royce Plc intends to build a jet engine plant in the United States, the company said one week after unveiling plans to open a subsidiary in Bangalore, India.
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General Motors Corp. has agreed to temporarily forego previously scheduled 2006 price reductions on components made by Delphi Corp. to help the supplier's financial situation.
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Expanded Solutions LLC, Oklahoma City, has formed its own trucking company as part of a broader program to contain metal transportation costs.
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U.S. policy on alleged Chinese currency manipulation must change, according to one group, and an effective trade policy with the economic giant must be created, says another group.
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AMM's U.S. offices are closed Thursday and Friday in observance of the Thanksgiving Day holiday. As a result, there will be no electronic (PDF) edition published Monday, Nov. 28. Price tables that normally appear in that day's edition will be published Tuesday.
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North American production of family vehicles totaled 1,466,073 units in October, up 1.4 percent from 1,446,391 the previous month and 6 percent ahead of 1,382,878 in October 2004, according to data from Ward's Communications.
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Bankrupt automotive parts supplier Delphi Corp., Troy, Mich., has asked a New York bankruptcy court to extend contracts set to expire at the end of this year with as many as 11,000 of its suppliers.
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Automotive components supplier Dana Corp., Toledo, Ohio, has agreed to acquire full ownership of several core joint-venture manufacturing operations in Mexico from DESC SA de CV.
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Service center company A.M. Castle & Co., Franklin Park, Ill., has sold $75 million in 10-year senior secured notes as part of a new long-term debt structure aimed at funding future growth.
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A problem with the price reporting system caused both divisions of the New York Mercantile Exchange to briefly freeze open-outcry trading Friday.
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Dana Corp., Toledo, Ohio, will restate its financial results for four additional years-2000 through 2003-as part of a recently announced review.
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The Central Japan Commodity Exchange (C-Com) and the Dalian Commodity Exchange (DCE) in China have agreed to cooperate on future projects, including iron- and steel-related financial products, the exchanges announced Tuesday.
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Energy production in the Gulf of Mexico, disrupted due to hurricanes Katrina and Rita, is approaching half of normal capacity, according to the latest data from the Minerals Management Service (MMS), an agency of the U.S. Interior Department.
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Automotive components manufacturer Delphi Corp., Troy, Mich., said its Delphi Technologies Inc. subsidiary has started a new welding company to commercialize the company's deformation resistance welding (DRW) technology in the mobile spaceframe market.
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Intermet Corp., Troy, Mich., which emerged from Chapter 11 after a court-approved reorganization plan became effective, said it will now shift into private hands.
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The value of new construction contracts slid 2 percent in September to a seasonally adjusted annual rate of $657.8 billion, according to the McGraw-Hill Construction division of the McGraw-Hill Cos., New York.
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U.S. Steel Corp.'s Great Lakes Works plants in Ecorse and River Rouge, Mich., have won a $160,000 training grant from the state of Michigan to upgrade the skills of 800 current employees.
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Home appliances manufacturer Maytag Corp., Newton, Iowa, plans to close its Florence, S.C., laundry equipment facility in the first quarter of 2006 and consolidate manufacturing at other plants.
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The ending of "employee pricing" and deeply discounted summer auto sales resulted in a consumer backlash in October as U.S. car and truck sales volumes fell to their lowest levels in seven years and their lowest October level since 1992.
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Economic activity in the U.S. manufacturing sector increased in October for the 29th consecutive month, albeit at a marginally slower pace than the previous month, and the overall economy expanded for the 48th month in a row, according to the latest business report from the Institute for Supply Management, Tempe, Ariz.