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  • Climate legislation seen increasing US jobs Oct 27, 2009

    A new report claims that climate legislation and a clean energy policy will actually increase U.S. jobs by 2020 and save American households nearly $1,200 per year.

  • Clarification: Nucor gears to commission Ariz. mill Oct 26, 2009

    In a story in the Monday edition entitled “Nucor gears to commission Ariz. mill,” Nucor Corp. had erroneously identified the Kingman, Ariz., mill as having been purchased in 2002 with the acquisition of Birmingham Steel Corp.

  • Letter to the Editor: Don’t jump the tracks on ‘Buy American’ provision Oct 26, 2009

  • Analysts maintain ratings on service center Reliance Steel & Aluminum Oct 26, 2009

    A trio of analysts held fast to their ratings on Reliance Steel & Aluminum Co., but each had different approaches to their fourth-quarter and 2010 earnings estimates for the national service center chain, citing the company’s own cautious outlook.

  • Leggett & Platt net income up 66.1% in 3d qtr. despite sales drop Oct 26, 2009

    Leggett & Platt Inc. reported net income of $54.3 million in its third quarter ended Sept. 30, a 66.1-percent increase from $32.7 million during the same quarter last year, in spite of sales that fell 28.5 percent to $809.9 million.

  • Melting Pot Oct 23, 2009

  • Service center Reliance wary of M&As, at least through mid-2010 Oct 23, 2009

    Reliance Steel & Aluminum Co., reiterating its stance throughout 2009, said it isn’t looking to add to the portfolio of companies that have made it an $8.7-billion enterprise over the past decade, at least not in the immediate future.

  • Letter to the Editor: Anti-dumping trade action will not help Nucor Fastener Oct 22, 2009

  • Metal price indices post September gains Oct 21, 2009

    Producer prices for all commodity metals rose in September, with copper and brass mill shapes leading the way, according to the U.S. Bureau of Labor Statistics.

  • Precision Castparts net income slips 23% in fiscal 2d qtr. [UPDATE] Oct 21, 2009

    Continued destocking in the aerospace sector, economic pressures in industrial markets and scheduled downtime at Precision Castparts Corp.’s major forging operations contributed to a 23-percent earnings decline in the company’s fiscal second quarter.

  • Metal price indices post September gains Oct 21, 2009

    Producer prices for all commodity metals rose in September, with copper and brass mill shapes leading the way, according to the U.S. Bureau of Labor Statistics.

  • Letter to the Editor: Nucor Fastener exec refutes claims of other producers Oct 19, 2009

  • EPA takes 1st step to revoke W.Va. coal mine permit Oct 19, 2009

    The U.S. Environmental Protection Agency has taken the first step toward vetoing a previously issued permit for a West Virginia surface mine unless an Arch Coal Inc. mining subsidiary alters the permit to reduce the environmental impact.

  • NY general business conditions index hits 5-year high in October Oct 19, 2009

    Conditions for New York manufacturers improved significantly in October, the Federal Reserve Bank of New York said in its monthly Empire State Manufacturing Survey.

  • Melting Pot Oct 16, 2009

  • M&A deals evolving in weaker market Oct 15, 2009

    The era of large-scale debt-financed transactions in the global mining industry has come to a close, giving way to cautious mergers and synergetic collaborations, according to Alex Herbert, director of corporate ratings at Standard & Poor’s Ratings Services in London.

  • Stagnant economy tops list of concerns for trucking firms Oct 14, 2009

    The economy, in the worst shape since the 1930s, ranks No. 1 among the top 10 concerns of transportation companies, followed closely by the regulatory environment.

  • Senators offer bipartisan climate-change proposal Oct 14, 2009

    A bipartisan proposal from Sen. John Kerry (D., Mass.) and Sen. Lindsey Graham (R., S.C.) has given new momentum to the nearly moribund prospects of Senate passage of sweeping climate-change legislation before the end of the year.

  • Metal import, export price indices post monthly gains Oct 14, 2009

    Iron and steel, copper and aluminum price indices for both imports and exports rose in September, according to a Bureau of Labor Statistics report released Wednesday.

  • Senators offer bipartisan climate-change bill Oct 14, 2009

    A bipartisan proposal from Sen. John Kerry (D., Mass.) and Sen. Lindsey Graham (R., S.C.) has given new momentum to the nearly moribund prospects of Senate passage of sweeping climate-change legislation before the end of the year.

  • Metal import, export price indices post monthly gains Oct 14, 2009

    Iron and steel, copper and aluminum price indices for both imports and exports rose in September, according to a Bureau of Labor Statistics report released Wednesday.

  • Letter to the Editor: ‘Buy America’ ban on steel raw materials unnecessary Oct 13, 2009

    To the Editor: Apparently it’s silly season. Hans Mueller’s suggestion that “Buy America” bans on imported steel should include the raw materials used in making steel (AMM, Oct. 5) would be truly brilliant analytical work save for the fact that there is no need to remedy the protectionist behavior of this nation’s steelmaking raw material suppliers.

  • Manufacturers outline the big hurdles faced obtaining credit Oct 09, 2009

    Small- and medium-sized manufacturers, especially precision metal parts makers and equipment suppliers to the auto industry, face high hurdles in obtaining credit, spokesmen testified Friday before a Senate Banking subcommittee.

  • MELTING POT: Asleep on the job Oct 09, 2009

    Larry Summers, chairman of the National Economic Council and one of President Obama’s top economic advisers, reportedly dozed off during an important meeting with leading auto parts executives in Mayor Dave Bing’s office in Detroit in August. Summers, Treasury Secretary under President Bill Clinton and a former controversial president of Harvard University, apparently has developed quite a reputation for nodding off at important meetings, according to a lengthy profile in a major national magazine. The Detroit session was chaired by Michigan Gov. Jennifer Granholm. Not to worry, though. Summers bounced back quickly and started addressing key points as if he hadn’t missed a thing. Which he probably hadn’t. And Melting Pot must admit we nodded off at least twice in reading about three-quarters of Ryan Lizza’s 16-page opus in the New Yorker profiling Summers and the rest of the five-person economic brain trust.

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