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  • Clarification Aug 02, 2007

    In a July 30 story, statements involving environmental liabilities at a defunct lead smelter in Omaha, Neb., should have been attributed to Asarco Inc., legal parent of copper producer Asarco LLC.

  • Nymex ICEd again but vows to keep fighting Aug 02, 2007

    Nymex Holdings Inc., parent company of the New York Mercantile Exchange, said it will continue to explore legal options following an appeals court decision to reject claims of copyright and trademark infringement against IntercontinentalExchange Inc. (ICE).

  • Worthington to buy cylinder assets Aug 01, 2007

    Metal processor Worthington Industries Inc., Columbus, Ohio, has agreed to buy some of the cylinder production assets of Wolfedale Engineering Ltd., Mississauga, Ontario.

  • Morton replacing old blanking line Aug 01, 2007

    Morton Manufacturing Co., Libertyville, Ill., has ordered a new precision blanking line for its manufacturing of anti-slip walking surfaces for such industries as railroad equipment, construction, farm equipment and industrial equipment.

  • CVRD profits double to $4.1B in 2d qtr. on 45% revenue rise Aug 01, 2007

    Cia. Vale do Rio Doce (CVRD) reported record revenue and profits in the second quarter and said it anticipates that benign global economic conditions will continue.

  • Top Citation executive Edwin Buker quits Aug 01, 2007

    Cast metal and machined products manufacturer Citation Corp., Birmingham, Ala., said Edwin L. Buker, the president and chief executive officer who saw the company through two Chapter 11 reorganizations in two years, has resigned to pursue other unidentified opportunities.

  • Tower completes asset sales, exits Ch. 11 Aug 01, 2007

    Tower Automotive Inc., Novi, Mich., has completed the sale of most of its assets to an affiliate of Cerberus Capital Management LP.

  • Samuel Manu-Tech sells assets of distribution business for $25M Aug 01, 2007

    Samuel Manu-Tech Inc., Toronto, has sold the assets and operations of Energy Steel Products Inc. (ESP), its mill support center business, to the company’s management and private equity firm Lone Star New Markets Inc., Dallas, for about $25 million.

  • Clarification Aug 01, 2007

    The purpose of a contract awarded by Nucor Corp., Charlotte, N.C., to SMS Demag AG, Düsseldorf, Germany, was “to improve the reliability and up-time” of Nucor’s mill in Hickman, Ariz., by improving the safety factor of the F1 and F2 rolling stands, according to Sam Commella, vice president and general manager of the Hickman plant. “It was not to increase the rated production capacity of the mill,” he said.

  • Dennen names press division head Jul 31, 2007

    Service center Dennen Steel Corp., Grand Rapids, Mich., has named Lawrence Murray president of a newly formed press division operating metal stamping facilities in Grand Rapids and Burns Harbor, Ind.

  • Mine spill pollutes Zijiang River, temporarily cuts off water supply Jul 30, 2007

    A major river in China’s central Hunan province was polluted by tailings from a lead and zinc mine late last week, causing the water supply to the city of Lengshuijiang and Xinhua county to be temporarily suspended, according to Chinese media reports.

  • Court approves Dana labor, investment pacts Jul 27, 2007

    A U.S. Bankruptcy Court judge set aside objections from Dana Corp.’s unsecured creditors and largest investor to approve agreements with the two unions and an investor supporting the company’s Chapter 11 reorganization plan.

  • Currency bill gets panel OK, not Treasury’s Jul 27, 2007

    In an effort to address foreign currency issues, the Senate Finance Committee has approved a bill aimed primarily at tackling China’s undervalued yuan. But the U.S. Treasury Department said it is not supporting the strategy.

  • MELTING POT End of an era, West Coast version Jul 27, 2007

    A while back, we reported that the New York office of Arcelor America International Inc., for years a major U.S. steel trader, would be closed and its activities consolidated in Chicago in the wake of the merger of Mittal Steel Co. NV and Arcelor SA into the world's largest steelmaker (AMM, May 15).

  • Consol warns of lower met coal deliveries Jul 26, 2007

    Consol Energy Inc., Pittsburgh, has declared force majeure following roof collapses at one of its metallurgical coal mines earlier this month.

  • Toyota unit to build $180M Miss. parts plant Jul 26, 2007

    Toyota Auto Body Co., a unit of Toyota Motor Co., Aichi, Japan, plans to build a $180-million plant in northern Mississippi to supply stamped parts, body weld parts and plastic parts to Toyota’s new auto assembly plant in Blue Springs, Miss., near Tupelo.

  • Additional curbs on toll trading seen likely Jul 26, 2007

    China has hinted of more curbs on toll trading in the country this year and is likely to focus on products whose export rebates were reduced or canceled in June.

  • ArvinMeritor inks deal with Chery to form China auto parts venture Jul 26, 2007

    Auto parts manufacturer ArvinMeritor Inc., Troy, Mich., has entered into a deal to form a joint venture with Chinese automaker Chery Automobile Co. Ltd., Wuhu, China, to design and manufacture chassis systems and components.

  • S&P puts Ryerson ratings on CreditWatch Jul 25, 2007

    Credit and unsecured debt ratings for Ryerson Inc., Chicago, have been brought under review “with negative implications” following the company’s agreement to go private in a $2-billion leveraged buyout.

  • Amaranth, trader charged with manipulation Jul 25, 2007

    The U.S. Commodity Futures Trading Commission (CFTC) has accused Amaranth Advisors LLC, Amaranth Advisors (Calgary) ULC and the company’s former natural gas trader, Brian Hunter, of manipulating the price of natural gas contracts.

  • PLS begins truckload van service Jul 24, 2007

    Metals shipping specialist Pittsburgh Logistics Systems Inc. (PLS), Rochester, Pa., has begun offering a truckload van service for general commodities in a move it said will build on its flatbed market business.

  • Platinum Equity in deal to buy Ryerson for $2B Jul 24, 2007

    Service center chain Ryerson Inc. has agreed to be acquired for $2 billion by Platinum Equity LLC, the Los Angeles-based company that also owns steel distributor PNA Group Inc.

  • Novamerican president to head up American Steel & Aluminum unit Jul 24, 2007

    Novamerican Steel Inc.’s president, Scott B. Jones, had been appointed interim president of the company’s American Steel & Aluminum Corp. subsidiary in Norwood, Mass.

  • ‘A lot of work’ needed before Doha draft accord flies NAM Jul 24, 2007

    The National Association of Manufacturers (NAM) has welcomed the release of the Doha Round draft text for non-agricultural market access (NAMA) negotiations—but said it falls short of what is needed.

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