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  • Views mixed on WTO ‘zeroing’ ruling Aug 24, 2009

    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.

  • MELTING POT: Insult to injury Aug 21, 2009

    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.

  • China’s social unrest will have bullish repercussions for metals Aug 20, 2009

    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.

  • Long road ahead eyed for rebound in residential construction Aug 19, 2009

    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.

  • Ferrous scrap price index jumps 20% in July Aug 18, 2009

    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.

  • Banks’ lending standards won’t ease quickly: survey Aug 18, 2009

    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.

  • Cap-and-trade to hurt industry: study Aug 17, 2009

    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.

  • Economic fallout likely from Waxman-Markey bill: study Aug 17, 2009

    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.

  • Automotive long products revival: Does it have the drive to last? Aug 14, 2009

    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.

  • Melting Pot Aug 14, 2009

  • Bealko’s extradition battle drags on Aug 12, 2009

    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.

  • Metal wholesale trade off in June Aug 12, 2009

    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.

  • Hot band prices forge higher, rising up to 7% (UPDATE) Aug 12, 2009

    Hot band continues to surge worldwide, with the global export market leading the way.

  • Ferrous scrap holds steady; secondary grades tight Aug 12, 2009

    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.

  • Metal wholesale trade off in June Aug 12, 2009

    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.

  • Commerce urges easing machine tool export curbs Aug 11, 2009

    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).

  • Commerce urges easing export curbs Aug 11, 2009

    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).

  • S&P raises Gibraltar Industries' debt ratings Aug 11, 2009

    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.

  • Canam stays profitable despite slowdown Aug 11, 2009

    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.

  • Commerce suggests easing machine tool export curbs Aug 11, 2009

    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).

  • Melting Pot Aug 07, 2009

  • Editor’s Note: Inside the eye of the Severstal NA storm Aug 06, 2009

    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?

  • ARI sees railcar shipments, earnings slump Aug 06, 2009

    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.

  • Jaguar Land Rover models set to roll with aluminum bodies Aug 05, 2009

    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.

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