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Gretchen Zierick, president of Zierick Manufacturing Corp., Mount Kisco, N.Y., has been selected to chair the Precision Metalforming Association’s board of directors.
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Ontario’s exports are expected grow 8 percent in 2010 after registering four years of declines, although metals sector trade will be mixed.
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China’s relationship with the United States continues to be overshadowed by numerous factors that negatively impact the U.S., according to the seventh annual report to Congress by the U.S.-China Economic and Security Review Commission.
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Amid a continued high level of inquiries for possible new projects, the Architecture Billings Index (ABI), which presages activity in the nonresidential construction sector, last month reached its highest mark since August 2008, the American Institute of Architects (AIA) said.
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Metalforming companies are equally split on whether business conditions and incoming orders will improve or worsen over the next three months, according to the November business report by the Precision Metalforming Association (PMA).
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The producer price index (PPI) for steel mill products rose in October but the price indices for all nonferrous mill shapes declined, according to a U.S. Bureau of Labor Statistics report issued Tuesday.
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The producer price index (PPI) for steel mill products rose in October but the price indices for all nonferrous mill shapes declined, according to a U.S. Bureau of Labor Statistics report issued Tuesday.
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Major manufacturing industries, including steel and automotive, as well as large labor unions from those sectors are expected to be well represented at President Obama’s jobs summit Dec. 3, according to industry sources.
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Conditions for New York manufacturers dipped in November following a month earlier pickup, but the outlook for the next six months is largely upbeat, the Federal Reserve Bank of New York said on Monday.
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Citing falling sales volumes and lower selling prices, Friedman Industries Inc. recorded a net loss of $206,247 during its fiscal second quarter ended Sept. 30, in contrast to net income of $5.4 million in the same year-ago period, as sales fell 77.4 percent to $16.1 million from $71.1 million.
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The economic recovery will be slow and uncertain throughout 2010 as credit remains tight and the necessity to phase out enormous government subsidies threatens recent improvement in key sectors like housing, banking and industrial production, according to Harvey Rosenblum, executive vice president and director of research at the Federal Reserve Bank of Dallas.
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The iron and steel import price index rose in October as the export price index remained fairly flat compared with September, while nonferrous metal import and export prices were mixed in the same comparison, according to the U.S. Bureau of Labor Statistics.
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As President Obama travels to China this week, the Fair Currency Coalition is stepping up its efforts to revive currency manipulation legislation, though industry sources acknowledge that the chances for any significant breakthrough with the Chinese range from slim to none.
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The U.S.-China Economic and Security Review Commission will release its 2009 report to Congress next week, covering such topics as China’s use of subsidies and other trade-distorting measures that it says are in violation of its international commitments.
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The North American rig count fell for the first time in nearly three months due to a drop in Canadian activity that was spurred by an energy product glut and warmer weather.
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Coal shipments on the Great Lakes marked their strongest month of the year in October, topping this year’s previous peak by about 2.8 percent.
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The federal “Cash for Clunkers” incentive program did indeed spark light vehicle sales in July and August, and all but 3,000 to 5,000 vehicles would not have been traded in without the rebates, according to a study by Ball State University’s Center for Business and Economic Research.
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Metals distributor and processor Ryerson Inc. posted a net loss of $7.8 million during the third quarter ended Sept. 30, more than triple a year-earlier net loss of $2.5 million but narrower than a second-quarter net loss of $130 million.
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Former General Motors Corp. aluminum trader Daniel Bealko has pled guilty to a kickback scheme involving bulk aluminum sales that cost the automaker more than $80 million.
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The U.S. unemployment rate rose to 10.2 percent in October from 9.8 percent in September, its highest level since April 1983, the U.S. Bureau of Labor Statistics (BLS) reported.
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Sales of metal wholesale goods remained relatively flat month on month in September, but were down sharply from the same month last year.