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Shanghai Baosteel Group Corp., China’s largest steelmaker, plans to build a processing plant in the northern port city of Tianjin to provide sheet to automakers in the region. Baosteel plans to start construction of the 150,000-tonne-per-year plant in the Beichen district of Tianjin after it appoints a management team in about a month, said an executive in Baosteel’s Tianjin office.
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Six workers have died at Magnitogorsk Iron & Steel Works, Russia’s largest steel plant, after a fire caused the roof of a rolling mill to collapse.
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The hot-rolled band market continues to lose ground, with prices registering across-the-board declines in major markets during the past two weeks, according to the latest SteelBenchmarker price report.
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U.S. steel imports registered a slight decline in October from the previous month, but the tally remains well ahead of year-earlier levels.
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Stainless surcharges could dip in January despite record high nickel prices on the London Metal Exchange in the past few days, industry sources said, pegging the surcharge decline at about 3 cents a pound vs. December levels.
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The cold-finished bar market is feeling the chill of a slowdown in the automotive sector, combined with a service center inventory correction in what is a seasonally slow period.
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The cold-finished bar market is feeling the pinch of a slowdown in the automotive sector, combined with a service center inventory correction in what is a seasonally slow period.
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Morgan Construction Co.’s Morgoil division in Worcester, Mass., has received multiple orders for its Morgoil KLX bearings from Iskenderun Iron & Steel Works Co. (Isdemir), Iskenderun, Turkey.
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Stainless surcharges could dip in January despite record high nickel prices on the London Metal Exchange in the past few days, industry sources said, pegging the surcharge decline at about 3 cents a pound vs. December levels.
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Metaldyne Corp., Plymouth, Mich., and Asahi Tec Corp. of Shizuoka, Japan, said an agreement reached with noteholders would result in a reduction of the $1.2-billion acquisition price for automotive components manufacturer Metaldyne by its Japanese competitor.
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The Interstate Natural Gas Association of America (INGAA), Washington, said it would participate in the U.S. International Trade Commission’s upcoming sunset review of anti-dumping duties on imported oil country tubular goods.
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A preliminary meeting between Cia. Vale do Rio Doce (CVRD) and Chinese buyers on 2007 iron ore prices was notable for its friendly atmosphere, according to sources close to the Brazilian company quoted by the Valor Economico newspaper.
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Cleveland-Cliffs Inc., Cleveland, has named Laurie Brlas as its new senior vice president, chief financial officer and treasurer, effective Dec. 11.
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Metaldyne Corp., Plymouth, Mich., and Asahi Tec Corp. of Shizuoka, Japan, said an agreement reached with note holders would result in a reduction of the $1.2-billion acquisition price for automotive components manufacturer Metaldyne by its Japanese competitor.
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Cleveland-Cliffs Inc., Cleveland, has named Laurie Brlas as its new senior vice president, chief financial officer and treasurer, effective Dec. 11.
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U.S. raw steel production totaled 1,809,000 tons during the week ended Nov. 25, a 1.5-percent increase from 1,782,000 tons the previous week, as mills operated at an average capability utilization rate of 77.4 percent.
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The number of drill rigs running in the United States rose by one during the week ended Nov. 22, with New Mexico posting the biggest jump (up nine), while Canadian drilling activity also rose by one rig.
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Morgan Construction Co.’s Morgoil division in Worcester, Mass., has received multiple orders for its Morgoil KLX bearings from Iskenderun Iron & Steel Works Co. (Isdemir), Iskenderun, Turkey.
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Cleveland-Cliffs Inc., Cleveland, has named Laurie Brlas as its new senior vice president, chief financial officer and treasurer, effective Dec. 11, replacing Donald J. Gallagher as acting chief financial officer.
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Russian mining and metals giant OAO Mechel, Moscow, more than doubled its third-quarter earnings thanks to rising prices in its key markets.
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China’s exports of hot-rolled steel coil rose again in October as traders rushed to complete shipments before higher export costs take effect next month.
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AK Steel Corp. and the union representing locked-out workers at its Middletown, Ohio, plant have agreed to meet Friday.
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AK Steel Corp. and the union representing locked-out workers at its Middletown, Ohio, plant have agreed to meet Friday.
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Russian steelmaker JSC Severstal has emerged as the possible third suitor for the Weirton, W.Va., plant of Mittal Steel USA Inc., Chicago.