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Schulz Xtruded Products LP plans to open a $30-million to $50-million pipe finishing facility in Hernando, Miss., due to strong demand for its products, a spokesman told AMM.
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While the volume of container shipments to the United States is likely to increase as a result of the Panama Canal expansion, dry bulk shipments, such as iron ore and coal, could gain little or no traction due to higher fuel rates, according to one industry analyst.
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Only a day remains before a labor contract between U.S. Steel Corp.’s Lake Erie Works and the United Steelworkers union expires, and a strike could be called as early as this week if a new deal isn’t reached.
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A fire was reported at AK Steel Corp.’s Butler, Pa., facility April 13, a spokesman confirmed, but no operations were impacted.
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Brazil’s pig iron exports reached 282,517 tonnes in March, up 12.9 percent from 250,218 tonnes in the same month last year, according to figures from the country’s foreign trade ministry.
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The Intercontinental Exchange Inc. (ICE) will launch an iron ore futures contract April 29.
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The number of drills rigs operating in the United States jumped by 33 last week
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Citing an appreciation in China’s yuan, the U.S. Treasury Department declined to name the Asian nation a currency manipulator in a semi-annual report to Congress released April 12.
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The U.S. steel beam market remains shrouded in questions, and the next few weeks could determine whether a $20-per-ton reduction is enough to cure this year’s reported price cutting on the product, market sources said.
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AK Steel Corp. is increasing base prices for all 200-, 300- and 400-series flat-rolled stainless steel products effective with May 6 shipments.
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The pipe and tube sector is set to face a major oversupply problem, with new players entering the market just as existing companies plan new expansions, and industry observers fear that not everyone will make it through.
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The U.S. Commerce Department's International Trade Administration determined in an anti-dumping duty administrative review of stainless steel bar from Brazil from Feb. 1, 2011, to Jan. 31, 2012, that Villares Metals SA didn’t sell the product at less than normal value.
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Raymond S. Napolitan Jr. will take over as Nucor Corp.’s executive vice president of fabricated construction products beginning June 4, one day after Hamilton Lott Jr. is set to retire from the post, the company said April 12.
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Advanced high-strength steels (AHSS) are now the fastest-growing materials used in automotive production, and the industry has doubled the number of lightweight grades it produces over the past 10 years—including one that is lighter than plastic, John Surma said on behalf of the Steel Market Development Institute (SMDI).
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The steel wire rod market is humming along at a slow but constant pace, with rod mills holding on to most of their April price increases as demand in construction picks up for the spring, sources told AMM.
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The official headquarters address of the Japan Iron and Steel Federation might be 3-2-10 Nihonbashi-Kayabacho, Chuo-Ku, Tokyo, but ask any of the 110-plus members of the organization where they do business daily.
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Steel Dynamics Inc.’s Roanoke Bar division in Roanoke, Va., has lowered its net price for concrete reinforcing bar by $15 per ton (75 cents per hundredweight) effective with April 12 shipments, the company said in a letter to customers April 11.
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Trading house Cargill Inc. has appointed Gerald Tan international ferrous trading manager for its metals supply chain business.
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The Association of Southeast Asian Nations (Asean) is capable of substituting 47 percent of its steel imports with domestic output without the need to invest in more advanced technologies.
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The White House’s recently unveiled budget was met with skepticism by steel interests, who say the plan's proposed infrastructure spending and tax increases are likely to be a mixed bag for the industry.
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Nucor-Yamato Steel Co., Blytheville, Ark., and Tampa, Fla.-based Gerdau Long Steel North America have each cut their transaction prices for wide-flange and standard beams by $20 per net ton ($1 per hundredweight).
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The American Institute for International Steel (AIIS), pushing for Congress to pass the Water Resources Development Act, is focused on a provision that would require the government to spend all of the funds collected through the Harbor Maintenance Tax for their intended purpose: dredging and maintaining ports.
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Charlotte, N.C.-based steelmaker Nucor Corp. will lower its scrap surcharge on special bar quality (SBQ), wire rod and semifinished products by $21 per ton ($1.05 per hundredweight) to $232 per ton ($11.60 per cwt) effective with May 1 shipments, it said in an April 10 letter to customers.
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Nucor Corp. has lowered its net price for concrete rebar by $15 per ton, leading Gerdau Long Steel North America to retract its earlier price hike and fall in line with Nucor’s move.