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German steelmaker ThyssenKrupp AG, Düsseldorf, will implement additional increases on carbon steel flat product prices in the first quarter of next year on the back of rising raw material costs, according to news wire reports.
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The former ThyssenKrupp Special Steels NA has been renamed Swiss Steel International NA, effective Oct. 1, following the sale of German tool, high-speed and stainless long-products producer Edelstahl Witten-Krefeld GmbH (EWK).
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Stelco Inc. has filed its restructuring agreement with Tricap Management Ltd. at the Ontario Superior Court of Justice.
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Webco Industries Inc.'s net income fell 44.1 percent to less than $2.3 million during its fiscal fourth quarter from $4.1 million in the same period a year earlier despite a 16.4-percent sales increase to $71.5 million.
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Mittal Steel USA executives and lawmakers from Indiana last week asked the U.S. International Trade Commission (ITC) to maintain anti-dumping duties on imports of cut-to-length plate from six countries, describing threatened U.S. plate capacity as vital to national defense.
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Webco Industries Inc., a Tulsa, Okla.,-based producer of carbon and stainless steel tube products, plans to build a new plant in Kellyville, Okla.
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Chaparral Steel Co. has slated maintenance outages at its Midlothian, Texas, plant in October and January.
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Brazilian long products producer Grupo Gerdau SA plans to invest 550 million reais ($248 million) over the next eight years to upgrade its Gerdau Riograndense mini-mill at Sapucaia do Sul in southern Brazil.
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Following on the heels of other producers, Allegheny Ludlum Corp. is implementing an energy component to the surcharge calculation for many of its products.
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The work stoppage at Heico Cos. LLC's wire rod and steel billet plant in L'Orignal, Ontario, will likely be a long one, a union official said, with no new contract negotiations scheduled.
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Crude steel production gains in Russia will be achieved increasingly via electric-arc furnaces (EFs), an industry expert told Metal Bulletin's 8th Central and Eastern European Steel Conference.
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The United Steelworkers union said it will augment its initial contribution of $100,000 for relief to the victims of Hurricane Katrina with an additional $50,000 donation for those workers victimized by Hurricane Rita.
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The European rebar market has stabilized as buyers rebuild stock levels. Prices remain unchanged, despite attempts by some mills to push rebar up to 355 to 360 euros ($427 to $433) a tonne, f.o.b. Domestic European rebar prices are between 325 and 350 euros ($391 to $421) currently and are expected to remain within this range during the fourth quarter, merchants said.
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Steel Technologies Inc., Louisville, Ky., expects results for its fiscal fourth quarter ended Sept. 30 to list lower-than-anticipated shipments and added margin compression. Executives said that seasonal softness in July and August had been more pronounced as a result of excess inventory throughout the supply chain.
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Mittal Steel Co. NV, Rotterdam, has completed the acquisition of a 36.67-percent stake in China's Hunan Valin Steel Tube & Wire Co. Ltd. for $338 million.
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The U.S. Environmental Protection Agency (EPA) has awarded $1 million to Pittsburgh-area agencies to assess, clean up and redevelop abandoned industrial sites into community assets.
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Gerdau Ameristeel Corp.'s Beaumont, Texas, wire rod mill sustained relatively minor damage from Hurricane Rita, although a city ban on non-emergency personnel returning to Beaumont has the restart of the mill up in the air.
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Energy Alloys Inc., Houston, has acquired most of the oil field steel distribution assets of IMS UK Ltd. in a move to diversify its business.
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Raw steel output in the United States totaled 2,016,000 tons last week, a 0.5-percent increase from 2,005,000 tons produced the previous week, as mills operated at an average capability utilization rate of 87.2 percent. Lower output in the South was more than offset by higher production elsewhere in the U.S.
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The number of drill rigs running in the United States jumped by 15 last week, with the largest increase in Texas (up six), while Canadian drilling activity fell by 17 rigs.
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Taiwan's Yieh United Steel Corp. (Yusco) plans to extend a 30-percent production cut on 300-series stainless steel until the end of October, the fourth consecutive month that the cut has been in effect.
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KI Holdings Inc., Pittsburgh, has filed documents with the U.S. Securities and Exchange Commission announcing its intention to raise $125 million by going public.
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China Shougang Corp., Beijing, has placed an order with SMS Demag AG, Düsseldorf, Germany, for the supply of a coupled high-capacity tandem pickling line. SMS Demag said the new line will be fully equipped with the latest technology, including the most recent generation of turbulence pickling technology, patented immersion covers for the turbulence pickling tanks and a laser welding machine.
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Contract talks between Gerdau Ameristeel Corp. and the United Steelworkers union at the company's Beaumont, Texas, wire rod plant have been canceled this week because of Hurricane Rita.