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Kloeckner Metals Corp.’s heavy carbon group has increased base prices on all products by $30 per ton for April 1 shipments.
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The steel plate market remained steady this past week, although sources are mixed on the direction prices are headed given shortened lead times and anticipated downward pressure on raw materials.
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Timken Co.’s board of directors has recommended to shareholders that they vote down a proposal to spin off its steel business.
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Hollow structural sections (HSS) are gaining ground in industrial applications that previously favored wide-flange beams, but the steel tube product still faces challenges as engineers familiar with other materials are slow to substitute.
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A San Francisco environmental group has filed a lawsuit against a steel fabricator, alleging the company allowed “unlawful discharge of pollutants” into a San Francisco Bay tributary.
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The proposed Big River Steel LLC mill in Arkansas is expected to produce hot-rolled, cold-rolled, galvanized, and pickled and oiled coil for the automotive sector; grain- and non-grain-oriented electrical steels for the electrical sector; and substrate for the pipe and tube sector.
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AK Steel Corp. expects to record a net loss of between 9 and 13 cents per share for the first three months of 2013 as the traditional first-quarter improvement in the spot market has yet to materialize.
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The North American stainless steel market will grow by 4 percent in 2013, down from 6-percent growth in 2012, according to forecasts by Austria’s Steel & Metals Market Research GmbH (SMR).
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Stainless steel market participants in China’s stainless steel hub of Wuxi, located some 87 miles from Shanghai, are relatively downbeat amid a lull in the market following a modest round of buying after the Chinese New Year.
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ArcelorMittal SA has installed new post-treatment technology on the No. 1 galvanizing line at its Vega do Sul flat-rolled steel mill in Brazil’s southern Santa Catarina state following a $10-million investment.
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The new coking coal futures contract on the Dalian Commodity Exchange saw 50.9 million tonnes traded on its first day March 22.
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Crude steel output in Mexico totaled 1.54 million tonnes in February, up 11 percent from the same month in 2012, according to figures from Latin American steel association Alacero.
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ATI Allegheny Ludlum Corp., AK Steel Corp. and North American Stainless Inc. (NAS) have lowered their stainless steel surcharges on most grades for April.
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Just weeks after the latest round of steel sheet price hikes were announced, service centers said that deals are inching back into the market, which could cause another possible slide in prices in the near term.
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Allied Tube & Conduit Corp. is in negotiations with employees at its Harvey, Ill., facility to renew a collective bargaining agreement that expires April 10.
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The Indonesian government has imposed anti-dumping duties on cold-rolled coil (CRC) and sheet imports from Japan, China, South Korea, Taiwan and Vietnam for a period of three years.
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The U.S. steel sector looks stronger ahead, but that growth could be in jeopardy if Congress doesn’t act to discourage low-priced imports and over regulation, industry executives said.
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Association of Southeast Asian Nations (Asean) member states consumed 56.4 million tonnes of steel last year, up 7.6 percent vs. 2011, as imports took a bigger share of the market.
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Members of the United Auto Workers (UAW) union at AK Steel Corp.’s Coshocton, Ohio, facility have ratified a new three-year labor agreement.
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The U.S. Court of Appeals has upheld its December decision confirming ArcelorMittal SA’s patent on aluminum-precoated hot- or cold-rolled steel for hot stamping, branded as Usibor, a spokeswoman for the steelmaker said March 21 via e-mail.
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The North American Free Trade Agreement (Nafta) binational panel has completed its review of the U.S. Commerce Department’s final determination concerning stainless steel sheet and strip in coil from Mexico.
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The Commerce Department’s International Trade Administration (ITA) has issued amended final results in an anti-dumping administrative review of certain circular welded nonalloy steel pipe from Mexico for Nov. 1, 2007, to Oct. 31, 2008.
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Nissan Motor Co. Ltd. plans to expand its use of advanced high-strength steels (AHSS) starting in 2017 as part of an initiative to reduce vehicle weight by 15 percent, it said.
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Flat-rolled steel price increases on the West Coast this month are being greeted cautiously by buyers, who say there is too much uncertainty at this point to jump on board.