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Cliffs Michigan Mining Co., a unit of Cleveland-Cliffs Inc., is investigating the death of a worker at its Empire Mine pelletizing plant.
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After surviving the ravages of Hurricane Katrina, Bayou Steel Corp. is preparing for a rainy day. The LaPlace, La.,-based company said this week it is amending and restating its line of credit to $75 million from $45 million.
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Anglo-Dutch steelmaker Corus Plc intends to increase its prices for rail products by 35 euros ($41) a tonne for orders placed beginning Jan. 1. Corus joins Arcelor SA, Luxembourg, which earlier this month announced plans to raise rail prices by 40 euros ($47) a tonne in January.
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Danieli & C. SpA's Danieli Steelmaking division is upgrading steelmaking facilities at Republic Engineered Products Inc.'s Canton (Ohio) Works. Danieli is upgrading the No. 7 200-ton electric-arc furnace at Republic's Canton melt shop as part of an expansion project that includes a 200-ton ladle furnace, a vacuum degasser station and a 5-strand FastCast bloom caster.
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Raw steel output in the United States totaled 1,976,000 tons last week, up 0.8 percent from 1,960,000 tons produced the previous week, as mills operated at an average capability utilization rate of 85.5 percent.
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Friedman Industries Inc.'s net income tumbled 30.6 percent to less than $1.6 million in its fiscal second quarter from $2.3 million in the same period last year on sales that fell 12.8 percent to $42.7 million.
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AMG Resources Corp., Pittsburgh, has formed a new division to purchase, process and sell secondary plate products in an expansion of its existing secondary steel business.
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Metals processor Gibraltar Industries Inc., Buffalo, N.Y., plans to offer $200 million of senior subordinated notes and use the proceeds to partially repay a $300-million loan utilized to buy Alabama Metal Industries Corp. (Amico).
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The number of drill rigs running in the United States fell by 17 last week, with the largest decrease in Texas (down 13), while Canadian drilling activity slid by 13 rigs.
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Ohio Coatings Co., Yorkville, Ohio, said it plans to raise tinplate prices 6 percent, effective with Jan. 1 shipments. The move follows a similar move announced recently by U.S. Steel Corp., Pittsburgh.
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Canam Group Inc., Boucherville, Quebec, said its Solicor USA Inc. business unit had completed its first bridge deck replacement project in Ontario utilizing technology for bonding two steel plates to an elastomer core.
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Mittal Steel Co. NV, Rotterdam, has named the Kellogg School of Management at Northwestern University in Evanston, Ill., its North American management education partner. That designation includes an initial commitment of $3 million from Mittal Steel to the school to aid the development and launch of the Kellogg Mittal Scholars program beginning next fall.
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Dofasco Inc., Hamilton, Ontario, is preparing to exploit the value of its newly acquired Quebec Cartier Mining Co. with the launch of an initial public offering.
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Avtron Manufacturing Inc., Cleveland, said it recently received contracts to supply the digital drives for two new hot-strip mills in China. The contracts have a combined value of more than $1 million.
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Mittal Steel Co. NV, Rotterdam, plans to refund some or all of three series of pollution control bonds from East Chicago, Ind., and state of Indiana sources. The refunds could total $51 million if all conditions are met.
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Siemens AG's Industrial Solutions and Services group said it was recently awarded two major contracts for steel mill modernization projects. Sheffield Steel Corp., Sand Springs, Okla., awarded the unit a contract for the engineering, supply and construction of a new ladle furnace with a capacity of 85 tons.
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The American Iron and Steel Institute (AISI), Washington, is throwing its energies into support for a measure that would open up new energy sources to the United States.
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A Pennsylvania company has agreed to pay $11 million to settle a lawsuit tied to the death of a worker at CitiSteel USA Inc.'s Claymont, Del., plant.
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Stelco Inc., Hamilton, Ontario, said lower spot market selling prices, decreased shipments, reduced production levels, higher reorganization costs and higher energy costs were all to blame for a third-quarter loss of Canadian $42 million ($35.4 million) on sales that fell 19.2 percent.
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The Association for Iron and Steel Technology, Pittsburgh, announced the addition of two new members-Frederick T. Harnack, general manager of U.S. Steel Corp.'s Research and Technology Center in Pittsburgh, and George J. Koenig, president of Berry Metal Co., Harmony, Pa.-to the board of trustees of the AIST Foundation.
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Allegheny Ludlum Corp. said it would increase base prices on certain nickel-based alloys 6 percent effective with immediately with new orders.
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Wheeling-Pittsburgh Steel Corp. said it has won a preliminary skirmish in a lawsuit against Massey Energy Co. but acknowledged the real battle has yet to begin.
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Mittal Steel Co. NV, Rotterdam, posted a 64.1-percent year-on-year decline in third-quarter net income to $478 million, roughly in line with market expectations following a difficult period for the steel industry. The company cited higher costs and falling sales prices.
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The Morgoil Bearings division of Morgan Construction Co., Worcester, Mass., recently received contracts from China National Erzhong Group Co., a mill builder in Deyang, Sichuan province, for Morgoil bearings for two hot-strip mills. Financial terms of the deal were not disclosed.