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The House Transportation and Infrastructure Committee has approved legislation that would expedite the permitting of TransCanada Corp.’s proposed Keystone XL pipeline.
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The U.S. steel industry could feel the effects of two major trade deals being negotiated by the government if certain provisions are not properly examined, according to participants at the American Iron and Steel Institute’s general meeting.
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Steelmaker Nucor Corp. is coming ever closer to achieving its goal of moving up the value chain and creating higher-quality products for more rigorous applications, its top executive told AMM.
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Global stainless steel production grew 5.2 percent to 35.4 million tonnes in 2012, although output in regions outside China declined due to destocking, according to the International Stainless Steel Forum (ISSF).
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Domestic wire rod mills and wire drawers are bracing for a significant increase in Chinese rod imports, with stepped-up shipments from the Asian nation into the summer and early fall already affecting prices.
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Dyson Corp. has said that an analysis of steel anchor rods it made for the San Francisco-Oakland Bay Bridge "exonerates" the company on the failure of several of the rods.
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At least two stainless steel melt shops in the United States could close in the next three years as the global market corrects for overcapacity, Markus Moll told delegates at the annual conference of the ISSF.
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The steel industry faces major challenges in both the trade and regulatory arenas in the year ahead, according to Michael T. Rehwinkel, newly elected chairman of the American Iron and Steel Institute.
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Bristol Metals LP, Felker Brothers Corp. and Outokumpu Stainless Pipe Inc. have filed a trade petition seeking imposition of anti-dumping duties against welded stainless pressure pipe, in outside diameters of less than 14-inch, from Malaysia, Thailand and Vietnam.
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The boom in shale oil and gas, and tar sands oil output is good news for America, as well as the U.S. energy and metals sectors, a Marathon Petroleum Corp. executive said May 16.
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The International Stainless Steel Forum (ISSF) elected Aperam SA chief executive officer Phillippe Darmayan as its new chairman at its 17th annual conference in New Orleans.
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Flat steel prices from Brazil’s Cia. Siderúrgica Nacional SA (CSN) to its domestic market are expected to increase 5 to 8 percent sequentially during the second quarter, according to commercial executive director Luis Fernando Martinez.
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Severstal North America Inc. is looking to move up the value chain in the products it supplies from its Columbus, Miss., mill to pipe makers, particularly as end-users in oil and gas ratchet increase their requirements.
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The European Union is going to have a very difficult time recovering from its sovereign debt crisis, banking crisis, structural crisis and competitive crisis, according to Gisbert Rühl, chairman and chief executive officer of Duisburg, Germany-based Klöckner & Co. SE.
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In the final results of an anti-dumping duty administrative review of imports of cut-to-length carbon-quality steel plate from South Korea from June 1, 2011, to May 31, 2012, the U.S. Commerce Department’s International Trade Administration (ITA) issued a weighted-average margin of zero to Dongkuk Steel Mill Co. Ltd., Samsung C&T Corp. and TCC Steel Corp.
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A steelworker at St. Louis Cold Drawn Inc. was electrocuted May 15.
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China’s daily crude steel output for the first 10 days of May reached 2.193 million tonnes, beating the daily record for April.
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Japanese steelmaker JFE Steel Corp. has signed a joint-venture agreement to set up a steel pipe plant in China’s Zhejiang province to target automotive producers, it said May 16.
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Growing Chinese interest in the ferrous derivatives arena is driving iron ore futures screen trading, Martin Evans, CME Group Inc.’s director of metals products, told AMM sister publication Steel First in an interview May 16.
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Enforcing U.S. trade policy and capitalizing on low-priced natural gas will help U.S. steelmakers while offering broad economic benefits, including job creation and manufacturing growth, a number of steel executives said at an industry conference May 16.
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Grupo Simec SAB de CV, parent company of Lorain, Ohio-based Republic Steel, expects to make about $1.3 billion over the life of a five-year billet supply deal with Pittsburgh-based U.S. Steel Corp.’s tubular facility in Lorain.
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A federal judge has denied a six-month extension to a group of large steel mills and distributors named in a lawsuit brought by MM Steel LP alleging they conspired to drive MM Steel out of the market.
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While the United States remains one of the strongest economies globally, lackluster growth and a large fiscal deficit may cause serious downward pressure in the near term, according to one economist.
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Pipe and tube distributors say they would welcome a move by flat-rolled steelmakers to take capacity offline in order to prop up pricing for the substrate.