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NanoSteel Co. Inc. has settled its trademark infringement lawsuit against VirinaSteel, formerly known as Green Nano Steel, as VirinaSteel prepares to sell high-strength steel products in the United States.
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Distributor shipments of stainless steel products in the United States totaled 145,600 tons in March, down 7.1 percent from 156,700 tons in the same month last year but up 1.8 percent from February’s 143,000 tons, according to Metals Service Center Institute (MSCI) data.
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The Commerce Department’s International Trade Administration (ITA) will initiate an anti-dumping duty investigation on imports of diffusion-annealed nickel-plated steel flat products from Japan.
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Lourenco Goncalves’ retirement from the steel sector brings to an end a career that spanned more than three decades and multiple continents, and witnessed numerous changes in an evolving metals industry.
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The United States will play an expanding role in the seaborne metallurgical coal market as traditional supply sources face mounting challenges, Arch Coal Asia-Pacific Pte. Ltd. president Renato Paladino said.
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ThyssenKrupp AG is tightening its policies regarding compliance with external and internal requirements on anti-competitive practices and anti-corruption laws, the company said April 16.
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BlueScope Steel Ltd. has completed its $300-million bond issue to qualified institutional buyers in the United States, the company said April 17.
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West Coast producers of structural steel tubing continue their struggle to implement higher prices in a market that, in many cases, has splintered into two different levels.
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Mounting frustration with the CRU-minus-discount approach to flat-rolled steel pricing and what many U.S. mills perceive as the practice’s erosive effect on sales margins erupted in full force April 16.
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Big River Steel LLC is set to receive $125 million in financing from Arkansas for its $1.1-billion steel mill after House lawmakers approved the final budget bill in an 81-to-9 vote.
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Allegheny Technologies Inc. (ATI) expects first-quarter net income of some $10 million on sales of $1.18 billion as "record-low" prices have crimped its results, the company said in an April 16 forecast.
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Omitting Chinese OCTG that are heat-treated and finished in third-party countries from countervailing and anti-dumping duties could be "absolutely devastating for the U.S. industry," according to counsel for U.S. Steel Corp.
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The domestic steel wire industry has been hemorrhaging money for years due to imports, but the losses are difficult to quantify because there is no reliable way to track many imported products that contain steel wire.
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Stainless scrap broker/processor buying prices have dropped again on the back of plunging official nickel prices and a continued lack of mill demand.
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Steel service centers are sitting out of the market amid concerns about building inventories as business remains slack after registering mixed shipping results in March.
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ArcelorMittal SA expects sales at its long steel products operation in Brazil to grow by around 4 percent in 2013 following a year of unfulfilled expectations in the nation’s economy.
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A labor contract between U.S. Steel Corp.’s Lake Erie Works and the United Steelworkers union has now expired as negotiations reached an "impasse," USW Local 8782 said on its website.
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Frederic Cilins, an associate of Israeli diamond billionaire Beny Steinmetz, was arrested April 14 in the United States and accused of attempting to obstruct an ongoing investigation into how BSG Resources Ltd. (BSGR), the mining arm of Steinmetz’s BSG Investments Ltd., won a concession to one of the world’s largest untapped iron ore reserves, according to documents seen by AMM sister publication Steel First.
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Rio Tinto Plc shipped 57.3 million tonnes of iron ore from its global operations in the first quarter of 2013, down 14 percent from the final quarter of 2012, due to "seasonal weather disruptions" in Australia’s Pilbara region.
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U.S. raw steel output totaled an estimated 1,880,000 net tons last week, up 1.2 percent from 1,858,000 tons the previous week, as mills operated at an average capability utilization rate of 78.5 percent. It was the highest weekly output since 1,899,000 tons were produced in early August.
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Seven of nine prime and scrap metal price indices tracked by the U.S. Bureau of Labor Statistics declined month on month in March, and all but one index was weaker year on year.
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Nucor-Yamato Steel Co. could receive local financing for a piling expansion at its Blytheville, Ark., mill.
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Prolamsa Group is considering Bryan, Texas, as a possible location for its new 300,000-ton-per-year tubular products mill, AMM has learned.
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Five years after the recession pounded the steel industry, domestic concrete reinforcing bar demand is steadily improving as construction recovers, but the rebar market continues to battle narrow profit margins and capacity underutilization, Concrete Reinforcing Steel Institute (CRSI) president and chief executive officer Bob Risser told AMM.