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To the Editor
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Higher demand and cost-cutting measures helped Caterpillar Inc.’s net income nearly double to $707 million in the second quarter from $371 million in the same period last year.
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Equal rights!
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August J. “Gus” Coppola has been promoted to senior vice president of Quanex Building Products Corp.
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Eau de foundry
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Metalforming companies expect little change in business conditions in the next three months, according to the most recent survey by the Precision Metalforming Association.
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China’s refined copper output rose 9.6 percent in June from the previous month to a record 422,000 tonnes as smelters shrugged off falling copper prices and an uncertain economic outlook. Average daily production of 14,100 tonnes was up more than 25 percent from a year ago, according to figures from the national statistics bureau. Smelters were still able to turn a profit based on contracted treatment and refining charges (TC/RCs), while higher domestic production may have offset a fall in imports during last month, market participants said. “The high figure indicates smelters are running smoothly, and based on the annual copper treatment and refining charges domestic smelters can still turn a profit,” a trader at Dongya Futures Co., Shanghai, said.
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Flagging team spirit U.S. Steel Corp.’s Lake Erie Works in Nanticoke, Ontario, is still recovering after the eight-month lockout of workers that ended in April.
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John Correnti has been appointed chairman of the board of directors of Calisolar Inc., a manufacturer of solar silicon, wafers and cells.
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John Correnti has been appointed chairman of the board of directors of Calisolar Inc., a manufacturer of solar silicon, wafers and cells.
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To the Editor
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CME Group Inc. metal futures volumes averaged 273,000 contracts per day in June, up 36 percent from a year earlier.
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CME Group Inc. metal futures volumes averaged 273,000 contracts per day in June, up 36 percent from a year earlier.
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AMM’s offices will be closed Monday, July 5, in observance of Independence Day and there will be no issue dated July 6. London Metal Exchange prices for July 5 will appear in the July 7 issue.
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South African trade union Solidarity, the country’s largest trade union, has called for emergency negotiations with state-owned power company Eskom to try to avoid a strike after it was revealed that Eskom’s executive management had received an average salary increase of 83 percent.
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The primary metals industry gained 2,500 jobs in June from the previous month and has added 17,500 jobs since June 2009, according to the latest data from the Bureau of Labor Statistics.
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Deliveries of cars and trucks by the top seven automakers in the United States fell 11.9 percent last month from May following a 13.6-percent jump from April, according to an AMM analysis.
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Due to a reporting error, a story posted on amm.com June 30th and titled “Siskin settled suit against VW plant contractor” incorrectly identified Walbridge Aldinger Co. as party to the referenced lawsuit. In actual fact, Walbridge has no involvement whatsoever in the suit. AMM regrets the error and has retracted the story from its archive.
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The primary metals industry gained 2,500 jobs in June from the previous month and has added 17,500 jobs since June 2009, according to the latest data from the Bureau of Labor Statistics.
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The rate of manufacturing growth in the United States slowed last month as new orders, production, employment and export indices all declined compared with May, according to the Institute for Supply Management (ISM).
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The rate of manufacturing growth in the United States slowed last month as new orders, production, employment and export indices all declined compared with May, according to the Institute for Supply Management (ISM).
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Unionized workers at Haynes International Inc. are scheduled to vote Thursday on a proposed three-year labor contract, according to the company.
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The government of Afghanistan estimates it will make $3.5 billion a year in revenue from its mineral resources in 15 years’ time.