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  • Senate overwhelmingly approves drilling bill Aug 02, 2006

    The Senate voted 71-25 to reverse a 25-year-old moratorium on offshore drilling of oil and natural gas in limited areas in the Gulf of Mexico, setting up a showdown with a broader, more controversial bill passed by the House.

  • US Senate to vote on offshore drilling bill Aug 01, 2006

    The Senate is expected to vote late Tuesday afternoon on a bill that would allow for offshore drilling of oil and natural gas.

  • Rail investment legislation draws mixed views Aug 01, 2006

    Legislation introduced last week to provide tax credits for investment in railroad infrastructure is receiving mixed reviews from metals and mining interests.

  • Russel charts higher second quarter earnings, revenues Aug 01, 2006

    Canadian metals distributor Russel Metals Inc. said a strong steel pricing environment had led to near record margin levels in reporting a 97 percent jump in second quarter net earnings to Canadian $46.4 million ($41.1 million) and a 6 percent rise in revenues to C$686 million ($606.3 million).

  • Nottingham seen on fast track to STB job Jul 31, 2006

    The Senate Commerce Committee continued confirmation hearings Monday for Charles “Chip” Nottingham, who is expected to be cleared for the job of chairman of the Surface Transportation Board (STB) within a few days.

  • Russel charts higher second quarter earnings, revenues Jul 31, 2006

    Canadian metals distributor Russel Metals Inc., Mississauga, Ontario, said a strong steel pricing environment had lead to near record margin levels in reporting a 97 percent jump in second quarter net earnings to Canadian $46.4 million ($41.1 million) and a 6 percent rise in revenues to C$686 million ($606.3 million).

  • Walter trims coal output estimate Jul 31, 2006

    Walter Industries Inc., Tampa., Fla., has downsized its coal production estimate for the year.

  • Fedders mulls air-quality unit sale Jul 31, 2006

    Appliance manufacturer Fedders Corp., Liberty Corner, N.J., is considering the possible sale of its global indoor air-quality businesses, which aren’t considered core to the company’s principal heating, ventilation and air-conditioning businesses.

  • 'We're very much in favor of moving it forward' Jul 28, 2006

    With U.S. Trade Representative Susan C. Schwab looking on, President Bush told a meeting of the National Association of Manufacturers (NAM) that the United States is still committed to fair trade and a successful Doha Round of World Trade Organization (WTO) talks.

  • Doha Regret, relief–and talk of revival Jul 28, 2006

    "Today there are only losers," Pascal Lamy, director-general of the World Trade Organization, said at a press conference in Geneva after announcing that the Doha Round would be suspended indefinitely due to a breakdown in talks between major industrialized countries.

  • Nymex negotiations with Comex over e-trading rights falling apart Jul 28, 2006

    Negotiations between the New York Mercantile Exchange and its Comex division over the sale of Comex’s electronic trading rights reportedly have collapsed, with the two sides far from agreeing to a deal.

  • N. American auto output still outpacing 2005 Jul 28, 2006

    North American production of family vehicles totaled 1,465,621 in June, up 2.7 percent from 1,427,327 units the previous month and 2.9 percent ahead of 1,424,637 in June 2005, according to data from Ward’s Automotive Group, and year-to-date production of 8,232,545 vehicles was 1.7 percent higher than 8,093,506 in the first six months of last year.

  • Great Lakes ore shipments rise 3% in June Jul 27, 2006

    Shipments of iron ore from U.S. and Canadian ports on the Great Lakes/St. Lawrence Seaway system destined for the region’s steelmakers totaled slightly more than 6 million net tons in June, a 3-percent increase from the same month last year.

  • Bush U-turn brings support to House offshore drilling bill Jul 27, 2006

    President Bush has voiced strong support for the House version of a bill that would allow drilling for oil and natural gas in locations on the outer continental shelf that are currently off limits.

  • Nymex unveils times for CME Globex trading Jul 27, 2006

    The New York Mercantile Exchange announced trading hours for the platinum and palladium futures contracts and energy futures contracts that will migrate to the Chicago Mercantile Exchange’s Globex electronic trading platform Aug. 7.

  • Bush backs bill on offshore drilling Jul 27, 2006

    President Bush has voiced strong support for the House version of a bill that would allow drilling for oil and natural gas in locations on the outer continental shelf that are currently off limits.

  • Steel imports spark 30-percent spike in St. Lawrence Seaway traffic Jul 26, 2006

    Higher North American steel imports were cited for a 30-percent spike in the number of ocean vessels entering the St. Lawrence Seaway so far this year.

  • Steel imports spark 30-percent spike in St. Lawrence Seaway traffic Jul 26, 2006

    Higher North American steel imports were cited for a 30-percent spike in the number of ocean vessels entering the St. Lawrence Seaway so far this year.

  • Canada steel slams China growth Jul 25, 2006

    The Canadian Steel Producers Association (CSPA) has lent its voice to the chorus of North American steel producers concerned about the rapid expansion of China’s steel industry.

  • Gibraltar expands its outsourcing with subsidiary transport contracts Jul 25, 2006

    Gibraltar Industries Inc., Buffalo, N.Y., has expanded it transportation outsourcing by adding dedicated contract carriage (DCC) services for three subsidiaries.

  • US steel producers relieved by trade talks’ suspension Jul 25, 2006

    U.S. manufacturers and steel producers are relieved that world trade talks in Geneva have been indefinitely suspended, saying that it was better for U.S. trade negotiators to come away with no deal than to return with an agreement that would have harmed U.S. businesses.

  • Nymex ClearPort sets volume record Jul 24, 2006

    The New York Mercantile Exchange said Monday that its in-house clearing system ClearPort set an all-time high for weekly volume last week.

  • China is now geared for October cuts in export tax rebates report Jul 24, 2006

    China is now poised to cut export tax rebates for products, including steel, “around September or October,” the state-run China Daily newspaper reported Monday.

  • Universal targets India power generation mart Jul 24, 2006

    Looking to boost its position in the growing international power generation market, Universal Stainless & Alloy Products Inc. is taking its show on the road.

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