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  • Macsteel Service Centers opens new Portland plant Dec 04, 2008

    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.

  • Balloch recants view of super cycle, says China will drive recovery Dec 04, 2008

    It’s time to eat humble pie for experts who earlier this year predicted a commodities super cycle was sustainable.

  • Chrysler asking for $7B to stay afloat Dec 03, 2008

    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.

  • Richardson named to head Commerce Dec 03, 2008

    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.

  • Hoeganaes to idle industrial operations at plant in N.J. Dec 03, 2008

    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.

  • US job reductions increase to nearly 7-year high in Nov. Dec 03, 2008

    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.

  • Correction Dec 02, 2008

    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.

  • US auto crisis deepens as vehicle sales continue to plunge Dec 02, 2008

    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.

  • US construction spending logs 1.2% drop in October Dec 02, 2008

    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.

  • US GDP shrinks in 3d qtr.; OECD sees gloomy 2009 Dec 02, 2008

    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.

  • US construction spending logs 1.2% drop in October Dec 02, 2008

    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.

  • Supreme Court refuses Massey Energy appeal of $220M verdict Dec 01, 2008

    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.

  • Ford eyeing sale of Volvo brand in bid to raise cash Dec 01, 2008

    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.

  • Ford eyeing sale of Volvo brand in bid to raise cash Dec 01, 2008

    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.

  • Durable goods orders fall 6.2%, housing down 4.5% Dec 01, 2008

    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.

  • US commodity prices touch 59-year low ISM Dec 01, 2008

    A commodity prices index touched a 59-year low in November, according to the Institute for Supply Management (ISM), Tempe, Ariz.

  • Durable goods orders fall 6.2%, housing down 4.5% Dec 01, 2008

    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.

  • SunCoke project gets permit from Ohio EPA Nov 26, 2008

    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.

  • SunCoke project gets permit from Ohio EPA Nov 26, 2008

    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.

  • US GDP shrinks in 3d qtr.; OECD sees gloomy 2009 Nov 26, 2008

    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.

  • USS-CN rail deal unlikely by year-end Nov 25, 2008

    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.

  • Atlas Energy doubles output at Marcellus Shale project Nov 25, 2008

    Atlas Energy Resources LLC, Pittsburgh, is using a new technique to double production from its Marcellus Shale properties.

  • Holiday notice Nov 24, 2008

    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.

  • Distributors offering workers cash to buy American autos Nov 24, 2008

    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.

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