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  • Boeing workers defy union leaders, accept new pact Jun 28, 2010

    Unionized workers at Boeing Co.’s St. Louis plant have approved a new contract despite negotiators’ unanimous recommendation to turn it down, ending the threat of a strike that would have begun Monday.

  • Melting Pot Jun 25, 2010

     

  • COMMENTARY Yuan shift sees no change in DC Jun 25, 2010

    If the Chinese government thought the announcement of a new currency policy would placate its U.S. critics, the reaction from across the Pacific will have left it sorely disappointed.

  • US auto sales seen slipping this month, Goldman says Jun 24, 2010

    U.S. auto industry sales are seen losing some ground this month, with the estimated seasonally adjusted annual rate (SAAR) falling 2.6 percent to 11.3 million vehicles from 11.6 million in May, according to Goldman Sachs Investment Research.

  • US auto sales seen slipping this month, Goldman says Jun 24, 2010

    U.S. auto industry sales are seen losing some ground this month, with the estimated seasonally adjusted annual rate (SAAR) falling 2.6 percent to 11.3 million vehicles from 11.6 million in May, according to Goldman Sachs Investment Research.

  • Metal shipments, inventories up in May Jun 24, 2010

    Shipments by primary metal producers and the fabricated metal products sector increased in May from the previous month, according to the U.S. Census Bureau’s advance report Thursday on durable goods manufacturing.

  • Union urges rejection of Boeing contract Jun 24, 2010

    The union at Boeing Co.’s St. Louis division is urging members to turn down a proposed contract as a strike deadline has been moved back three days.

  • Metal shipments, inventories up in May Jun 24, 2010

    Shipments by primary metal producers and the fabricated metal products sector increased in May from the previous month, according to the U.S. Census Bureau’s advance report Thursday on durable goods manufacturing.

  • Boeing, union talks progress but no deal yet as strike deadline nears Jun 23, 2010

    The clock continues to tick down toward a possible strike Friday at Boeing Co.’s St. Louis operation as talks between the company and union representatives ended with a few signs of progress but short of a settlement.

  • Unimet set to acquire assets of distributor Alliance Metals Jun 22, 2010

    Unimet Metal Supply Inc. is poised to acquire the assets of aluminum products distributor Alliance Metals Inc. pending the results of a Friday court hearing, sources close to the deal told AMM.

  • A lender shares his take on M&A, pricing volatility Jun 22, 2010

    GE Capital Corporate Finance, which has some $7.2 billion in funding outstanding in the metals and mining sector and a front-row seat on industry trends, expects the “soft” recovery to lead to stepped-up activity in the mergers and acquisition (M&A) arena, particularly among metal service centers and distributors.

  • A lender shares his take on metals M&A, pricing volatility Jun 22, 2010

    GE Capital Corporate Finance, which has some $7.2 billion in funding outstanding in the metals and mining sector and a front-row seat on industry trends, expects the “soft” recovery to lead to stepped-up activity in the mergers and acquisition (M&A) arena, particularly among metal service centers and distributors.

  • Judge overrules suspension of offshore drilling Jun 22, 2010

    A federal judge in Louisiana has overturned President Obama’s decision to suspend new deepwater drilling projects in the Gulf of Mexico.

  • Melting Pot Jun 18, 2010

  • Supreme Court rules for steel distributor, overturns NLRB decision Jun 17, 2010

    The U.S. Supreme Court has ruled in favor of New Process Steel LP, overturning a National Labor Relations Board (NLRB) ruling that compelled the Houston-based company to honor a 2007 labor agreement with the International Association of Machinists.

  • Toyota, Chrysler expansions under way Jun 17, 2010

    Both Toyota Motor North America Inc. and Chrysler Group LLC are moving forward with expansion plans that could bode well for metals suppliers.

  • USCBC urging firm stance with China on trade issues Jun 16, 2010

    The U.S.-China Business Council (USCBC) has urged the Obama administration, Congress and business leaders to send a strong message to China’s leadership that although the U.S. business community remains committed to the China market, developing problems and troubling trends must be addressed.

  • Nickel leads rise in import, export prices Jun 15, 2010

    With the exception of copper export pricing, metal import and export prices rose last month compared with April, according to the U.S. Bureau of Labor Statistics.

  • RGGI carbon allowances auction hits low Jun 14, 2010

    With federal climate-change legislation on the back burner, the eighth auction of carbon allowances hit a record low at the latest quarterly sale.

  • Metalformers lower expectations for growth in June survey Jun 14, 2010

    Perhaps it’s seasonal, but expectations for an improvement in general economic conditions over the next three months took an 18-point dive this month, according to a poll of precision metalforming companies.

  • Boeing facing strike at primary military assembly site in St. Louis Jun 14, 2010

    Boeing Co. is facing the possibility of a strike at its main military aircraft assembly site in St. Louis on the heels of a month-long walkout at one of its California operations.

  • Moody’s upgrades manufacturers’ outlook to ‘positive’ Jun 14, 2010

    Moody’s Investor Services has raised its industry outlook for North American diversified manufacturers to “positive” from “stable” on better-than-expected revenues, a strong pipeline of new orders and solid end-user demand.

  • Report stirs USW opposition to Colombian FTAs Jun 14, 2010

    A recent report on violence against unionized workers in Colombia has prompted the United Steelworkers union to again reject the idea of U.S. free-trade agreements with the South American nation.

  • Melting Pot Jun 11, 2010

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