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The U.S. primary metals sector shipped nearly $15 billion worth of products in November, up 3 percent from $14.56 billion the previous month but down 5.8 percent from November 2008.
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The Chicago Federal Reserve Bank’s Midwest manufacturing index rose 1.2 percent in November to a seasonally adjusted level of 84.2 as regional steel sector output improved.
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The U.S. primary metals sector shipped nearly $15 billion worth of products in November, up 3 percent from $14.56 billion the previous month but down 5.8 percent from November 2008.
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Barge and towboat operators are continuing to rally against legal maneuvers by states to close locks in and around the Chicago Sanitary and Ship Canal in order to prevent the Asian carp from breaching barriers and entering the Great Lakes, where they are deemed a threat to other fish.
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Bucyrus International Inc. has signed an agreement to acquire the mining equipment business of Terex Corp. for $1.3 billion.
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AMM was not published on Dec. 31 and Jan. 1 because of the New Year holiday. Exchange prices for Dec. 31 will be published in the Jan. 5, 2010, issue.
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House Democrats are pushing for tougher “Buy American” provisions as part of the $75 billion in stimulus funding contained in a new jobs bill backed by President Obama, although some trade groups are against the move.
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Santa Claus arrived a few days early for metals-related companies, which found their stockings stuffed with goodies in the massive $626-billion defense spending bill passed by the Senate over the weekend.
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Santa Claus arrived a few days early for metals-related companies, which found their stockings stuffed with goodies in the massive $626-billion defense spending bill passed by the Senate over the weekend.
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Conditions have leveled off this month for New York manufacturers following four months of improvement, according to the Empire State Manufacturing Survey by the Federal Reserve Bank of New York.
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Following its highest mark since August 2008, the Architecture Billings Index (ABI) dropped to 42.8 in November from 46.1 in October, but residential and nonresidential construction were up month on month.
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The U.S. government will provide up to $71 million in funding for 20 new cost-sharing projects that will support innovative, high-risk research in new technologies that address critical national needs.
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AMM will not be published on Dec. 24, 25, 29 and 31 or Jan. 1 because of the Christmas and New Year holidays. Exchange prices for Thursday, Dec. 24, and Monday, Dec. 28, will be published in the Dec. 30 issue. Exchange prices for Thursday, Dec. 31, will be published in the Jan. 5, 2010, issue.
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Could someone please tell Guy Charpentier of Bonnell Aluminum that his comment in the Dec. 17 issue regarding the operational improvement from a new extrusion press—“It’s like you’re used to operating a Ford engine, now you’re going to operate a Ferrari engine”—is way off base. As a 35-year veteran of the specialty metals industry, I can remember back in the 1960s when Carroll Shelby’s Ford-powered Cobra’s kicked Ferrari ass all day, every day. Nothing is wrong with a Ford engine!
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ZsaZsa’s in trouble with the cops again. No, not that ZsaZsa. This time it’s ZsaZsa Gabor Morris, 50, of Gary, Ind. Morris and two cohorts, Dennis Earl Ford, 38, and Myron Dean Johnson, also of Gary, have been charged in connection with the theft of truck radiators from a Schererville, Ind., scrapyard. The owner of Railmotive allegedly spotted the three driving away from his business after hours with large radiators sticking out of the trunk of their blue Ford Taurus. The owner followed them and called police, who pulled over the vehicle. The stolen property was recovered, footprints in the snow were matched to the men’s shoes and the three were hauled off to Lake County Jail, each charged with one count of theft. Celebrity and actress Zsa Zsa Gabor was accused of slapping the face of a Beverly Hills, Calif., officer in 1989 after he had stopped her for a traffic violation. Metal theft, not so much.
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Following its highest mark since August 2008, the Architecture Billings Index (ABI) dropped to 42.8 in November from 46.1 in October, but residential and nonresidential construction were up month on month.
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The U.S. government will provide up to $71 million in funding for 20 new cost-sharing projects that will support innovative, high-risk research in new technologies that address critical national needs.
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The biweekly newsletter Recycling Manager will cease publication on Dec. 28. AMM will continue to publish the Recycling Manager Composite, which provides both current and historic pricing for selected grades.
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A metalworking executive has joined other industry players in urging the Obama administration to conduct an ongoing analysis of the U.S. manufacturing sector.
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Business conditions are slowing this month but should remain steady during the next few months, according to a monthly survey of metalforming companies by the Precision Metalforming Association (PMA).
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The producer price index (PPI) for steel mill products fell 1.6 percent to 171.1 in November from 173.8 the previous month and was down 19.9 percent from November 2008, according to the U.S. Bureau of Labor Statistics (BLS).
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Capacity utilization by primary metal manufacturers increased to 59.1 percent in November from 55.5 percent the previous month and a low of 44.8 percent in May but remained marginally below 60.8 percent in November last year, according to the Federal Reserve Board.
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The producer price index (PPI) for steel mill products fell 1.6 percent to 171.1 in November from 173.8 the previous month and was down 19.9 percent from November 2008, according to the U.S. Bureau of Labor Statistics (BLS).
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A slew of government data shows mixed results for U.S. metal imports and exports.