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A World Trade Organization ruling against the practice of zeroing—essentially another effort to discontinue U.S. use of the practice—is drawing mixed industry reaction.
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He was scourged and ridiculed and suffered a well-publicized execution, but the latest insult came from a couple of thieves who ripped a bronze likeness of Jesus Christ from a cemetery cross and then tried to peddle it to Cinelli Iron & Metal Co., a Hackensack, N.J., scrapyard. Police said a man and a woman have been charged with trying to sell the 200-pound statue for scrap. One of the alleged thieves took the statue in a taxi to Cinelli’s, but a scrapyard employee declined to buy it and notified police. Officers searched the area and spotted the broken statue—the body was broken into two large pieces, and its arms and crown were detached—abandoned near a bush. With the help of surveillance cameras at Cinelli’s, police arrested Iran Salmon, 31, of Newark, and Maria Impalli, 45, of Hackensack, and charged them both with theft of removable property. Cinelli’s has offered to weld the statue together for the parish that manages St. Joseph’s Cemetery in Hackensack.
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Shaanxi, China, isn’t the first place that comes to mind when trying to figure out what may happen to metals prices. But the closure of a lead smelter there after a pollution scandal, and a separate smelter shutdown this week in the south of the country, could have repercussions well beyond the producers and products concerned.
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Although the housing and commercial building sectors saw some improvement in July, market observers believe there is still a long way to go before a sustainable recovery is seen.
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The producer price index (PPI) for iron and steel scrap took a dramatic jump to 347.9 last month, up 20 percent from 289.8 in June, according to the U.S. Bureau of Labor Statistics, although it remained 56.7 percent below July 2008.
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Numerous industries, especially in metals and automotive, have complained about the difficulty of obtaining bank loans during the downturn, and that problem won’t necessarily disappear once the U.S. economy rebounds, according to a new survey of banks.
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Enacting the American Clean Energy and Security Act, the so-called cap-and-trade emissions legislation, would lead to a decline in industrial manufacturing, permanent job losses, higher energy costs and lower average household incomes, according to a recent study.
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Enacting the American Clean Energy and Security Act, the so-called cap-and-trade emissions legislation, would lead to a decline in industrial manufacturing, permanent job losses, higher energy costs and lower average household incomes, according to a recent study.
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Companies selling wire rod and hot-rolled and cold-finished bar products are seeing increased inquiries and orders, primarily as a result of ramped-up automotive production. The lingering question, however, is whether healthy gains in shipments to Tier 1 automotive suppliers and their sub-suppliers during the third quarter will be sustained in the last three months of the year.
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Former General Motors Corp. aluminum trader Daniel Bealko remains in prison in Vaduz, Lichtenstein, as he fights U.S. efforts to extradite him on tax evasion charges.
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U.S. metal merchant wholesalers reported preliminary sales of nearly $7.99 billion in June, up 0.1 percent from May’s revised figure of $7.98 billion but down 47.8 percent from $15.31 billion in June 2008, according to the U.S. Census Bureau’s monthly wholesale trade report on sales and inventories.
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Hot band continues to surge worldwide, with the global export market leading the way.
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The ferrous scrap market is holding steady and doesn’t appear poised to slide in the short term as some lower grades show increased tightness.
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U.S. metal merchant wholesalers reported preliminary sales of nearly $7.99 billion in June, up 0.1 percent from May’s revised figure of $7.98 billion but down 47.8 percent from $15.31 billion in June 2008, according to the U.S. Census Bureau’s monthly wholesale trade report on sales and inventories.
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A significant relaxation of government export controls covering advanced machine tools being shipped to both China and Taiwan has been recommended by the Commerce Department’s Bureau of Industry and Security (BIS).
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A significant relaxation of government export controls covering advanced machine tools being shipped to both China and Taiwan has been recommended by the Commerce Department’s Bureau of Industry and Security (BIS).
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Standard & Poor’s Ratings Services has raised its issue-level rating on Gibraltar Industries Inc.’s senior secured term loan due 2012 to “BB” from “BB–,” saying it had very high expectations of a recovery in the event of a payment default.
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Structural fabricator Canam Group Inc. was able to maintain “a suitable level of profitability” in the second quarter despite the slowdown in non-residential construction in Canada and the United States, according to Marc Dutil, president and chief operating officer.
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A significant relaxation of government export controls covering advanced machine tools being shipped to both China and Taiwan has been recommended by the Commerce Department’s Bureau of Industry and Security (BIS).
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If you’re one of what appears to be very few AMM subscribers who somehow missed Thursday’s top story reporting plans drafted by Russia’s OAO Severstal to retreat from the United States, what are you waiting for?
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American Railcar Industries Inc. (ARI) shipped fewer railcars in the second quarter, and its shrinking backlog could be further pared down as one of its largest customers suffers financial problems.
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All future new models produced by Jaguar Land Rover (JLR) will be built with aluminum bodies, according to Ratan Tata, chairman of new Indian owner Tata Motors Ltd., said.