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  • Outlook for construction equipment dims, S&P says Sep 29, 2008

    Robust conditions over the past few years for the global construction equipment market appear to be softening, according to a research report by Standard & Poor’s (S&P), the New York-based ratings service.

  • Alaska Gov. Palin under fire for gifts from miners reports Sep 29, 2008

    Alaska Gov. Sarah Palin failed to say “thanks, but no thanks” to thousands of dollars of personal gifts from the state’s mining industry and also doled out a series of major favors to the industry, according to published reports.

  • PMA urging passage of R&D tax credit Sep 26, 2008

    The Precision Metalforming Association (PMA), Washington, has applauded the Senate’s passage of legislation to extend the research and development (R&D) tax credit through 2009, and has called on the House of Representatives to throw its support behind the measure.

  • MELTING POT Politically Incorrect Sep 26, 2008

    A coal market analyst added a little political gibe with his assessment of an increase in non-traditional coking coal mines during AMM’s Steel Raw Materials Strategies conference in Cleveland.

  • PPG inks deal to buy BASF’s N. American coatings unit Sep 26, 2008

    PPG Industries Inc. has reached a deal with BASF SE, Ludwigshafen, Germany, to acquire its North American coil and extrusion coatings business (COEX), Pittsburgh-based PPG said.

  • GM to build $370M plant in Michigan Sep 25, 2008

    General Motors Corp., Detroit, will invest $370 million to build a plant in Flint, Mich., to manufacture its global 4-cylinder engines.

  • GM to build $370M plant in Michigan Sep 25, 2008

    General Motors Corp., Detroit, will invest $370 million to build a plant in Flint, Mich., to manufacture its global 4-cylinder engines.

  • Strike mandate gets ‘go’ at St. Lawrence Seaway Sep 25, 2008

    A potential strike by unionized workers that help move goods through the St. Lawrence Seaway could impact raw materials and other shipments to North American steelmakers.

  • GE lowers outlook but industrials strong Sep 25, 2008

    General Electric Co. (GE) revised its third-quarter earnings guidance Thursday to a range of 43 to 48 cents per share from 50 to 54 cents previously, reflecting “unprecedented weakness and volatility in the financial services markets.”

  • GE lowers outlook for third quarter Sep 25, 2008

    General Electric Co. (GE) revised its third-quarter earnings guidance Thursday to a range of 43 to 48 cents per share from 50 to 54 cents previously, reflecting “unprecedented weakness and volatility in the financial services markets.”

  • Quanex Building suit dismissed Sep 24, 2008

    A shareholder lawsuit filed against Quanex Building Products Corp. has been dismissed, the Houston-based manufacturer of engineered materials and components for the building products market said.

  • Quanex Building suit dismissed Sep 24, 2008

    A shareholder class-action lawsuit against Quanex Building Products Corp. has been dismissed, according to the company.

  • Metals USA unaffected by Ike Sep 23, 2008

    Metals USA Inc. “didn’t skip a beat” after Hurricane Ike tore through Houston. Employees returned to corporate headquarters Monday after power was restored over the weekend, a spokesman for the Houston-based national service center chain said.

  • Russel automates stock buyback Sep 23, 2008

    Russel Metals Inc. has entered into an automatic share purchase plan with a broker to facilitate the repurchase of its common stock.

  • Duties vs. China electrodes cut to fix calculation errors Sep 22, 2008

    Proposed U.S. anti-dumping duty margins vs. Chinese graphite electrodes have been slashed to correct mathematical errors, the U.S. International Trade Administration (ITA) said in a Federal Register notice on Monday.

  • Small manufacturers not as optimistic as in 2007 NAM Sep 22, 2008

    Small manufacturers polled by the National Association of Manufacturers (NAM) are optimistic about their overall sales this year as well as export opportunities—but not as bullish as last year.

  • Canada’s junior miners struggle with financing Sep 22, 2008

    Canada’s junior miners are bracing for a flurry of mergers and acquisitions as the credit market chaos and a collapse in their share prices have paralyzed the industry’s ability to raise financing.

  • Small manufacturers not as optimistic as in 2007 NAM Sep 22, 2008

    Small manufacturers polled by the National Association of Manufacturers (NAM) are optimistic about their overall sales this year as well as export opportunities—but not as bullish as last year.

  • Metalformers see weakness in 4th qtr. PMA Sep 19, 2008

    Metalforming companies expect business conditions to weaken somewhat during the next three months, according to the Precision Metalforming Association’s business conditions report for September.

  • CN petitions court for rail decision Sep 19, 2008

    Canadian National Railway (CN) has petitioned the U.S. Court of Appeals, District of Columbia Circuit, for an expedited ruling ordering the Surface Transportation Board (STB) to render a final decision on the merits of its proposed acquisition of the principal lines of Elgin, Joliet & Eastern Railway Co. (EJ&E).

  • Two advisory firms backing Cliffs in row with Harbinger Sep 19, 2008

    Two leading proxy advisory firms have recommended that shareholders in Cleveland-Cliffs Inc. support the company’s management rather than a top hedge fund in a battle over strategy.

  • Suppliers seek cut of money in auto bailout Sep 19, 2008

    Auto parts suppliers want their cut of a potential $25-billion federal loan program that may be doled out to automakers in a bid to help them retool in the face of more stringent fuel economy standards.

  • Higher water levels boost Great Lakes ore shipments Sep 19, 2008

    Higher water levels allowed Great Lakes freighters to carry larger cargoes of iron ore in August.

  • Fire at USW hall in Canada destroys 40 years of history Sep 19, 2008

    A fire has torn through the United Steelworkers union hall in Sudbury, Ontario, destroying a building that has been home to the union and to community events since November 1965.

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