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The appointment of former United Steelworkers union executive Ron Bloom as the Obama administration’s senior counselor for manufacturing policy has received widespread support.
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As U.S. regulators move forward in their efforts to curb speculation in the commodities sector, metal exchange-traded funds (ETFs)—a far less contentious category of trading products than their energy counterparts—are finding themselves in an unwelcome limelight. And although no one knows exactly what to expect in terms of new regulation out of Washington, market insiders say they are anticipating big changes—and even bigger consequences.
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More steel buyers trickled into the market to replace diminished inventories last month, but by several measures they indicated that their activities were fairly static vs. July as their outlook remained weak three months forward, according to a survey from the Institute for Supply Management (ISM).
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The U.S. unemployment rate climbed to 9.7 percent in August, the highest level since the first six months of 1983, when the rate topped 10 percent, the U.S. Bureau of Labor Statistics (BLS) said Friday.
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The U.S. unemployment rate climbed to 9.7 percent in August, the highest level since the first six months of 1983, when the rate topped 10 percent, the U.S. Bureau of Labor Statistics (BLS) said Friday.
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The president of the United Steelworkers union said he is confident that President Obama will grant the U.S. tire industry meaningful relief from Chinese tires that have injured domestic producers.
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AMM’s offices will be closed Monday, Sept. 7, in observance of the Labor Day holiday, and no issue will be published Sept. 8. Prices that normally appear in Tuesday’s edition will be published Wednesday, Sept. 9.
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Mexico has joined the United States and the European Union in filing a complaint at the World Trade Organization (WTO) on China’s export restrictions on raw materials used in steelmaking and other industrial processes.
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Two leading manufacturing trade associations are applauding the Obama administration’s decision to name a manufacturing czar.
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Two leading manufacturing trade associations are applauding the Obama administration’s decision to name a manufacturing czar.
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Economic activity in the manufacturing sector expanded in August following 18 consecutive months of contraction, and the overall economy grew for the fourth straight month, according to the latest manufacturing report on business by the Institute for Supply Management (ISM).
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Purchasing managers in the Chicago area have seen a breakthrough—reaching neutral territory after 10 consecutive months of declining business conditions, according to the results of a monthly survey.
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Purchasing managers in the Chicago area have seen a breakthrough—reaching neutral territory after 10 consecutive months of declining business conditions, according to the results of a monthly survey.
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Wildfires raging in the mountains skirting Los Angeles were a nuisance for some metals companies but weren’t disrupting operations.
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Auto Cast Inc., an aluminum and zinc die-cast company, has filed for Chapter 11 bankruptcy protection after its bank cut off its line of credit.
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Manufacturing data, new-home sales and consumer confidence have all improved over the past month, according to a bevy of reports released this past week, indicating that the U.S. economy is on the mend.
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Having lost joint-venture partner General Motors Co. (GM) to bankruptcy protection earlier in the year, Toyota Motor Corp. (TMC) will cease production at its formerly dual-owned vehicle assembly plant in Fremont, Calif., by March 31.
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A scrapyard is credited with cracking a murder case after the suspects tried to sell the victim’s car. When a Toyota Camry arrived at Lockamy Scrap Metal Inc. in Dillon, S.C., “Martha realized it looked too good and drove too good,” said owner James Lockamy, whose sister, Martha Bridges, runs the scales. The driver and passenger were turned away for not having identification, and Bridges telephoned the police, who arrested the 15- and 18-year-old suspects who were driving the car of a murdered 75-year-old resident of the town.
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Heartland Inc., which runs a steel warehouse, fabrication shops and petroleum retail and wholesale operations, has posted a second-quarter net loss of $34,116 in contrast to net income of $414,687 in the same period last year.
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John Hanemann, chairman of the Comex Governors Committee and president of Hanemann Trading Co. in New York, died Wednesday at the age of 65.
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Manufacturing data, new-home sales and consumer confidence have all improved over the past month, according to a bevy of reports released this week, indicating that the U.S. economy is on the mend.
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Primary metal shipments and new orders increased again in July while inventories fell again month over month. The same pattern held true for fabricated metal products, according to U.S. Census Bureau data released Wednesday.
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A group of manufacturing executives including representatives from the metals industry has proposed that the Obama administration provide billions of dollars in government loan guarantees.