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The Commerce Department’s International Trade Administration (ITA) has received requests to conduct administrative reviews of anti-dumping duty orders on imports of stainless steel bar from Brazil, India and Japan; cut-to-length steel plate from South Korea; small-diameter graphic electrodes from China; and uncovered innerspring units from China.
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In the final results of a countervailing duty administrative review of imports of corrosion-resistant carbon steel flat products from South Korea from Jan. 1 to Dec. 31, 2010, the Commerce Department’s International Trade Administration (ITA) has determined that Dongbu Steel Co. Ltd., Hyundai Hysco Ltd. and Pohang Iron & Steel Co. Ltd. received de minimis subsidies of 0.12 percent, 0.19 percent and 0.16 percent, respectively.
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Pipe and tube maker Tenaris SA expects lower sales in North America this year, but burgeoning demand for premium OCTG in sub-Saharan Africa and the Middle East will lead to “moderate” sales growth overall.
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European steel association Eurofer has criticized a European Commission green paper calling for a 40-percent cut in greenhouse gas emissions from 1990 levels by 2030, arguing that such a target would make the European steel industry uncompetitive.
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Mexican steelmaker Altos Hornos de México SAB de CV (Ahmsa) will officially start operations at its Fénix project in the second week of April, the company said.
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Australia’s BlueScope Steel Ltd. and Japan’s Nippon Steel & Sumitomo Metal Corp. (NSSMC) have begun operations at their $1.36-billion coated products joint venture.
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Walter Energy Inc. has decided to curtail production at its Willow Creek metallurgical coal mine in British Columbia in April, impacting about 250 employees.
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Commercial Metals Co. (CMC) saw a sharp decrease in profits in its fiscal second-quarter 2013 on the back of slower U.S. scrap and steel business activity, but the company expects to see a pickup in domestic business in the second half.
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A worker was injured in a fall at ArcelorMittal USA LLC’s coke plant in Burns Harbor, Ind.
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Distributor selling prices for oil country tubular goods (OCTG) fell to their lowest level in a year in March, according to the latest data from Pipe Logix Inc.
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Ohio’s budgetary oversight board has approved the release of $1 million from the Clean Ohio Assistance Fund to remediate the now-shuttered RG Steel LLC plant in Steubenville, Ohio.
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Steel beam imports appear likely to stay relatively strong in March as permit applications, even before the month is over, point to a rise in total arrivals of at least 16 percent over February, with a jump in standard beams offsetting a possible decline in wide-flange products.
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ArcelorMittal SA’s petition for a rehearing on a patent infringement lawsuit has been denied by the U.S. Court of Appeals for the Federal Circuit.
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Steel reinforcing bar imports look set to rebound in March after logging a sharp drop-off in February, according to preliminary data released by the U.S. Census Bureau.
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Participants in the domestic and imported steel sheet markets are hoping that the second quarter will fare better than the first, but most agree that prices are unlikely to gain much upward momentum unless capacity is taken offline.
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Mississippi County Quorum Court in Arkansas has unanimously approved a conditional $14.5-million grant for Big River Steel LLC’s proposed flat-rolled steel project, according to a court spokesman.
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Chinese steel producer Tangshan Iron & Steel Co. Ltd. has agreed to buy a 10-percent stake in Duferco International Trading Holding SA, a spokeswoman for the trader confirmed March 27.
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A nonprofit group that includes major U.S. steel and metal producers has reiterated its warning that further exports of natural gas should be monitored carefully in light of a deal between Houston-based Cheniere Energy Partners LP and British firm Centrica Plc.
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Shipments and new orders of primary and fabricated metals fell in February, which had two fewer days of operation than January, while inventories inched slightly higher.
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Sinoma International Engineering, part of the China National Materials Group, has exited the steel trading business because of excessive risk and losses incurred last year.
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China’s steel plate export prices fell this week due to slow business and a weak domestic market.
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Four steel company executives and two others have agreed to pay nearly $640,000 to settle insider trading allegations, the Securities and Exchange Commission (SEC) said.
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The U.S. steel market could likely absorb the added capacity of John D. Correnti’s proposed steel project, a group of industry analysts said, but the domestic sector could see its margins disappear if joined by other new projects.
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Some pipe and tube prices registered an uptick in March due to increasing raw material costs, although demand has yet to improve, market sources told AMM.