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  • Voting by UAW locals leaves fate of Chrysler pact in doubt Oct 22, 2007

    Votes at several of the larger United Auto Workers union locals against a tentative contract with Chrysler LLC have raised a strong possibility that a ratification effort may be defeated, analysts said.

  • Delphi mulls suspension unit sale after delaying Ch. 11 exit Oct 22, 2007

    Bankrupt auto parts manufacturer Delphi Corp., Troy, Mich., has retained an investment banking company to explore sale possibilities for its global suspension business shortly after disclosing that its timetable for exiting Chapter 11 protection was slipping into 2008.

  • Peabody Energy promotes 2 execs Oct 22, 2007

    Peabody Energy Corp., St. Louis, has promoted two executives.

  • Pentagon orders another 2,400 MRAPs Oct 19, 2007

    The U.S. Defense Department is ordering an additional 2,400 mine-resistant, ambush-protected (MRAP) vehicles from three companies, with the largest order for 1,000 of the heavily armored vehicles going to International Military & Government LLC, Warrenville, Ill., a unit of Navistar International Corp.

  • Subsidy duties vs. China hold; industry cheers Oct 19, 2007

    Chinese imports of coated paper should be subject to tariffs that offset government subsidies, otherwise known as countervailing duties, the U.S. Commerce Department said Thursday.

  • Cargill, Robinson finalize deal for joint facility in Granite City Oct 19, 2007

    Cargill Inc., Minneapolis, and Robinson Steel Co. Inc., East Chicago, Ind., said they had completed a deal announced in August to jointly own a production facility in Granite City, Ill., and supply Cargill with products from other Robinson lines.

  • Hannah getting Crider’s chair at Reliance Oct 19, 2007

    The wheels of succession are turning at Reliance Steel & Aluminum Co. as the last half of the original team responsible for the service center chain’s initial era of growth sets his retirement.

  • MELTING POT No export chasing here Oct 19, 2007

    Export markets might be looking more enticing for some U.S. mills, but Steel Dynamics Inc. (SDI) isn't changing its strategy to target them.

  • LETTER TO THE EDITOR Steel exports Do the math–part 2 Oct 18, 2007

    Assuming that Klaus Abstoss in his letter to the editor (Oct. 12) is referring to prices per tonne, it is easy to understand why he feels that it is “impossible to succeed” with exports. An f.o.b. price of $600 per tonne ($27.25 per hundredweight) is simply not realistic.

  • BorgWarner output of dual-clutch transmission modules set to surge Oct 18, 2007

    BorgWarner Inc., Auburn Hills, Mich., has laid plans to boost production of dual-clutch transmission modules fivefold during the next six years, citing its first-to-market position in the product area.

  • Ryerson’s $2B sale deal wins shareholder, antitrust approval Oct 17, 2007

    Service center group Ryerson Inc., Chicago, said the company’s shareholders voted Wednesday to approve the $2-billion purchase by an affiliate of Platinum Equity LLC, Beverly Hills, Calif.

  • Housing mart outlook generates shockwaves Oct 17, 2007

    Treasury Secretary Henry Paulson’s warning that the housing correction will hurt many homeowners and the overall U.S. economy for “some time to come” sent shockwaves through Washington.

  • S&P dropping Ryerson from index Oct 17, 2007

    Standard & Poor’s, a division of McGraw-Hill Cos., New York, said metals service center Ryerson Inc. will be dropped from the S&P Small Cap 600 Index at the close of trading Oct. 18 because Ryerson’s acquisition by Platinum Equity LLC, Beverly Hills, Calif., will be close to completion.

  • Canada OKs Novamerican sale Oct 16, 2007

    Symmetry Holdings Inc., New York, has received final Canadian regulatory approval for its $585.2-million deal to acquire metals processor and distributor Novamerican Steel Inc., Lasalle, Quebec.

  • China set to phase out electricity discounts for metals industries Oct 16, 2007

    The Chinese government has asked all local authorities to cancel lower electricity fees available to all aluminum and zinc smelters, as well as ferroalloy and steel plants.

  • Dana rejects Appaloosa plan, amends Centerbridge accord Oct 15, 2007

    Automotive parts maker Dana Corp. has amended the investment agreement reached in July with Centerbridge Capital Partners LP and rejected an alternative investment proposal from Appaloosa Management LP.

  • Senators make bid to restore zeroing rule Oct 15, 2007

    Thirteen Senators have sent a message to the Bush administration urging it to use the Doha Round of trade talks to overturn the World Trade Organization (WTO) appellate body’s decision against the practice of zeroing.

  • MELTING POT From head shop to melt shop Oct 12, 2007

    That's the route some $6 million in illegal contraband took recently when Ohio state troopers burned illegal drugs and guns in an iron ladle at the Cleveland Works of ArcelorMittal.

  • Doha Round making progress but time is running out Lamy Oct 12, 2007

    Progress is being made in the Doha Round, but now more than ever “time is running against us,” Pascal Lamy, director-general of the World Trade Organization (WTO), warned.

  • Chrysler-UAW deal brightens Ford prospects Oct 11, 2007

    The chances appear to be rising that all three Detroit-based automakers will reach labor deals without suffering any significant strike action, with Chrysler LLC tipping the odds after reaching a tentative agreement with the United Auto Workers (UAW) union late Wednesday.

  • Lennox closing Illinois refrigeration plant Oct 11, 2007

    Heating and air conditioning manufacturer Lennox International Inc., Dallas, plans to close its refrigeration facility in Danville, Ill., eliminating 270 hourly jobs, and consolidate the operations at two plants in Georgia.

  • Skepticism grows as free trade touted Oct 11, 2007

    U.S. Commerce Secretary Carlos M. Gutierrez and U.S. Trade Representative Susan Schwab met with Baltimore port and business leaders to tout the importance of exports and jobs, even as a new poll shows a growing skepticism among voters about free trade.

  • Steel prices cited in soaring highway construction costs Oct 11, 2007

    Highway construction and maintenance costs nationwide from 2003 to 2006 grew about three times faster than their fastest rate during any other three-year period between 1990 and 2003, according to a report by the U.S. Department of Transportation (DOT).

  • LETTER TO THE EDITOR US steel exports do the math Oct 11, 2007

    You may want to forward some of this information to some individuals who think the United States is missing the boat on exporting steel.

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