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Macsteel Service Centers USA, Newport Beach, Calif., has opened a new 100,000-square-foot service center in Portland, Ore., to serve customers in the Pacific Northwest, including Oregon, Washington and Idaho.
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It’s time to eat humble pie for experts who earlier this year predicted a commodities super cycle was sustainable.
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Chrysler LLC said that it needs a $7-billion government loan in order to cover its expenses in the first quarter, according to a plan filed with the U.S. Senate Committee on Banking, Housing and Urban Affairs.
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President-elect Barack Obama’s announcement that New Mexico Gov. Bill Richardson will be his pick for Commerce Secretary was welcomed by some metal industry trade groups Wednesday.
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Ferrous metal powder producer Hoeganaes Corp. plans to shut down its industrial operations in Cinnaminson, N.J., by February as a result of the economic downturn.
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November job cuts soared to 181,671, the largest monthly layoff toll since January 2002, bringing the total for the year to more than 1 million for the first time since 2005, according to Chicago-based global outplacement consultancy Challenger, Gray & Christmas.
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In its December, 2008 monthly edition, AMM incorrectly described the operating status of Stockton, Calif.-based Strocal, Inc. Strocal continues to operate as a full-service fabricator and erector of structural steel projects and is currently engaged in projects throughout California, including Ontario, Beverly Hills, Los Angeles, San Jose and Bishop, among others.
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Catastrophe seems to be the new norm for the North American auto industry as vehicle sales plunged off a cliff again last month, according to sales data released Tuesday by major automakers.
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U.S. construction spending fell to an estimated seasonally adjusted annual rate of $1.07 trillion in October, down 1.2 percent from September’s revised rate of almost $1.09 trillion and off 4.6 percent from $1.1 trillion in October 2007, the U.S. Census Bureau reported.
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The United States’ real gross domestic product (GDP), the output of goods and services produced by labor and property, fell at an annual rate of 0.5 percent in the third quarter compared with the second quarter, greater than the preliminary estimate of a 0.3-percent decline, according to the federal Bureau of Economic Analysis.
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U.S. construction spending fell to an estimated seasonally adjusted annual rate of $1.07 trillion in October, down 1.2 percent from September’s revised rate of almost $1.09 trillion and off 4.6 percent from $1.1 trillion in October 2007, the U.S. Census Bureau reported Monday.
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The U.S. Supreme Court on Monday declined without comment to hear a Massey Energy Co. appeal of a $220-million jury verdict in favor of Wheeling-Pittsburgh Steel Corp., Wheeling, W.Va.
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Ford Motor Co. has announced plans to re-evaluate—and most likely sell—Sweden’s Volvo Personvagnar AB, its last remaining European brand and a significant drain on the cash-strapped automaker’s resources.
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Ford Motor Co. has announced plans to re-evaluate—and most likely sell—Sweden’s Volvo Personvagnar AB, its last remaining European brand and a significant drain on the cash-strapped automaker’s resources.
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New orders for manufactured durable goods fell to $193 billion in October, down 6.2 percent from the previous month, the largest percentage decrease since October 2006.
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A commodity prices index touched a 59-year low in November, according to the Institute for Supply Management (ISM), Tempe, Ariz.
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New orders for manufactured durable goods fell to $193 billion in October, down 6.2 percent from the previous month, the largest percentage decrease since October 2006.
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The Ohio Environmental Protection Agency has granted the final air permit to allow SunCoke Energy Inc. to break ground on a coke plant in Middletown, Ohio, but does not recommend the company begin construction until the federal EPA finishes its review.
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The Ohio Environmental Protection Agency has granted the final air permit to allow SunCoke Energy Inc. to break ground on a coke plant in Middletown, Ohio, but does not recommend the company begin construction until the federal EPA finishes its review.
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The United States’ real gross domestic product (GDP), the output of goods and services produced by labor and property, fell at an annual rate of 0.5 percent in the third quarter compared with the second quarter, greater than the preliminary estimate of a 0.3-percent decline, according to the federal Bureau of Economic Analysis.
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Canadian National Railway Co.’s purchase of the Elgin, Joliet & Eastern Railway Co. (EJ&E) from U.S. Steel Corp., if approved, is unlikely to occur before early next year.
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Atlas Energy Resources LLC, Pittsburgh, is using a new technique to double production from its Marcellus Shale properties.
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AMM offices will be closed Nov. 27 and 28 in observance of Thanksgiving. The London Metal Exchange will be open both days. The New York Mercantile Exchange will be closed Nov. 27 but will be open Nov. 28. AMM will carry holiday pricing from both exchanges in the Dec. 2 issue.
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Hoping to give the auto industry a shot in the arm, Turret Steel Industries Inc., Leetsdale, Pa., and sister company Sunbelt-Turret Steel Inc., Charlotte, N.C., are offering employees a $250 cash incentive to purchase or lease a new American car or pickup truck.