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  • Obama’s new manufacturing czar wins widespread support Sep 08, 2009

    The appointment of former United Steelworkers union executive Ron Bloom as the Obama administration’s senior counselor for manufacturing policy has received widespread support.

  • Metal ETFs await regulatory overhaul—and market fallout Sep 08, 2009

    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.

  • Steel buyers see ‘mixed bag’ ahead Sep 04, 2009

    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).

  • Melting Pot Sep 04, 2009

  • Jobless rate at 9.7% but layoffs slow in Aug. Sep 04, 2009

    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.

  • Jobless rate at 9.7% but layoffs slow in Aug. Sep 04, 2009

    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.

  • USW hopeful as deadline looms for decision on China tire imports Sep 03, 2009

    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.

  • Holiday notice Sep 03, 2009

    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.

  • Mexico joins US, Europe in WTO trade complaint Sep 02, 2009

    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.

  • Former USW exec in line to be US manufacturing czar Sep 02, 2009

    Two leading manufacturing trade associations are applauding the Obama administration’s decision to name a manufacturing czar.

  • Former USW exec in line to be US manufacturing czar Sep 02, 2009

    Two leading manufacturing trade associations are applauding the Obama administration’s decision to name a manufacturing czar.

  • Manufacturing index shows growth (UPDATE) Sep 01, 2009

    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).

  • Business barometer heading higher after 10 down months Aug 31, 2009

    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.

  • Business barometer heading higher after 10 down months Aug 31, 2009

    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.

  • Metals businesses in Calif. see no threat from wildfires Aug 31, 2009

    Wildfires raging in the mountains skirting Los Angeles were a nuisance for some metals companies but weren’t disrupting operations.

  • Auto Cast files for bankruptcy protection Aug 31, 2009

    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.

  • Data points to economic recovery, but caution remains Aug 28, 2009

    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.

  • Toyota to close dual-owned plant in Calif. after GM pullout Aug 28, 2009

    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.

  • MELTING POT: Scrap Sheriffs Aug 28, 2009

    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.

  • Heartland posts 2d-qtr. loss as it starts up service center Aug 28, 2009

    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.

  • Comex exec John Hanemann dies at 65 Aug 27, 2009

    John Hanemann, chairman of the Comex Governors Committee and president of Hanemann Trading Co. in New York, died Wednesday at the age of 65.

  • New data pointing to economic recovery Aug 26, 2009

    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.

  • Primary metal shipments rise again in July Aug 26, 2009

    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.

  • Manufacturers seek loan guarantees Aug 25, 2009

    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.

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