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The New York Mercantile Exchange said Friday that its trading floors, including its Comex metals division, will be closed Tuesday, Jan. 2, as the United States observes a national day of mourning to mark the funeral of former President Gerald R. Ford.
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A new 60-inch-wide coil slitter is on schedule to begin operating in mid-January at Berlin Metals LLC, Hammond, Ind., and will have higher speed and faster setup than four other slitters already in place, Roy Berlin, the company’s president, said.
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A Rotterdam court case could have implications that reach across the Atlantic, but it’s unlikely to scuttle plans for a major mill project in the United States or prevent the wave of international steel consolidation from engulfing Canada.
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Beijing Shougang Co. Ltd., the Shenzhen, China,-listed arm of Shougang Group Corp., is acquiring a 23.6-percent stake in Beijing Automotive Investment Holdings Co. Ltd. from its parent company.
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Automotive supplier Delphi Corp. has been awarded an additional $950,000 by the National Aeronautics and Space Administration (NASA) and the Michigan Research Institute to continue development of its deformation resistance welding (DRW) technology.
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U.S. hot-rolled band prices continued to weaken even as prices in other parts of the world showed signs of strengthening, according to the latest SteelBenchmarker report.
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A wide-ranging investigation into corporate influence over U.S. Environmental Protection Agency policies and enforcement is reportedly being planned by Rep. Henry Waxman (D., Calif.), incoming chairman of the House Government Reform Committee.
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China will introduce export taxes on certain metals, including tungsten, molybdenum, indium, chromium and stainless steel, but will cancel export taxes on some fabricated copper products effective Jan. 1, the Ministry of Finance said in a statement Wednesday.
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A wide-ranging investigation into corporate influence over U.S. Environmental Protection Agency policies and enforcement is reportedly being planned by Rep. Henry Waxman (D., Calif.), incoming chairman of the House Government Reform Committee.
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A U.S. Bankruptcy Court hearing on proposals to finance automotive supply giant Delphi Corp., Troy, Mich., including an equity funding plan after it emerges from bankruptcy protection, has been delayed to Jan. 11 from Jan. 5.
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The U.S. economy, hammered by a slumping housing sector, will continue decelerating toward a “soft landing” in 2007, the National Association of Manufacturers (NAM) said Tuesday in its 2007 Economic Outlook.
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In a victory for importers, the U.S. Commerce Department said Tuesday it will alter the way it determines anti-dumping margins and will soon begin averaging dumped and non-dumped goods together when calculating a final margin.
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Brazil’s Cia. Vale do Rio Doce (CVRD) has refinanced 84 percent of the $14.6-billion bridge loan that it used for the purchase of Canadian nickel producer Inco Ltd.
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North American production of family vehicles totaled 1,239,474 in November, down 5.5 percent from 1,310,996 the previous month and 6.3 percent behind the year-earlier pace of 1,322,765, according to data from Ward’s Automotive Group.
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The National Association of Manufacturers (NAM) rolled out an ambitious legislative agenda last week that includes elements of previous efforts but is more expansive and specific in several areas.
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Highland Capital Management LP, a Dallas-based hedge fund that owns 8.9 percent of bankrupt automotive supply giant Delphi Corp., has proposed a refinancing plan of up to $4.7 billion that would compete with a private equity plan accepted by Delphi executives three days earlier.
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Despite pressure from U.S. manufacturers, including steel companies, the U.S. Treasury Department declined to label China a currency manipulator in a report to Congress Wednesday, a stance that sparked little surprise among observers but still inflamed passions on Capitol Hill.
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Freightliner LLC, a Portland, Ore.,-based unit of DaimlerChrysler AG, plans to build a $300-million truck manufacturing plant in the northern Mexican city of Saltillo to provide added long-range capacity for future demand surges, including an expected upturn in 2009.
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Automotive body structures manufacturer Tower Automotive Inc., Novi, Mich., has filed a commitment letter and restructuring term sheet with a bankruptcy court, with commitments from three bondholders to underwrite a $250-million equity rights offering for its reorganization plan.
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Doha is dead, but the World Trade Organization is not quite ready to yank it off life support.
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Ford Motor Co. has agreed to sell its automotive parts manufacturing facilities in Milan, Mich., and El Jarudo, Mexico, to Flex-N-Gate Corp., Urbana, Ill., and Cooper-Standard Automotive Inc., Novi, Mich.
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The Chinese government has given the steel and nonferrous sectors a second-tier strategic classification, leaving open the possibility that state ownership in those industries could be reduced further.
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Doha is dead, but the World Trade Organization is not quite ready to yank it off life support.
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In a further effort to advance its automotive group’s restructuring plans, Timken Co., Canton, Ohio, has sold its automotive steering business.