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Nucor Corp. is holding the line on prices for reinforcing bar, merchant bar and structural products for December shipments.
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The increase in China’s low-end steel exports to Europe isn’t a threat to the region’s steel industry, according to the China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters (CCCMC).
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Carbon steel plate and a limited amount of reinforcing bar are the only products moving into the United States as the import front remains relatively quiet, steel traders say.
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At a time when other steelmakers are making money, Wheeling-Pittsburgh Corp.’s shift into the red in the third quarter has analysts torn about the Wheeling, W.Va.-based company’s future fortunes.
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ArcelorMittal is keen on making its presence felt in China, paying $647 million for a 28.1-percent stake in China Oriental Group Co. Ltd. to make it the only Western steelmaker to own significant stakes in two of the country’s steel mills.
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Gerdau Ameristeel Corp., Tampa, Fla., is mulling a shift in production of some smaller bar products from Chaparral Steel Co. to other mills, which would allow the recently acquired division to focus more on large structural products used in the non-residential construction markets, Barbara Smith, the company’s chief financial officer, said.
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Brilex Industries Inc., Youngstown, Ohio, has named Steve Davinsizer to the newly created position of vice president of operations.
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Doug Everhart has joined Loeffel Steel Products Inc., a Barrington, Ill.-based family owned and operated steel distributor and processor, as director of sales and market development.
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India’s steel production is expected to reach 124 million tonnes during the fiscal year ending March 2012, at a compound annual rate of nearly 16 percent, more than double the 56.8 million tonnes currently produced, the country’s steel ministry forecast.
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The Doha Round of World Trade Organization multilateral trade talks are entering a “critical phase,” where either an agreement will be finalized or the round will collapse once and for all, a delegation of European, U.S. and Chinese manufacturing interests said.
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Wheeling-Pittsburgh Corp. saw net income plunge into the red in the third quarter amid decreases in steel prices and selling volumes and an increase in steelmaking costs.
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Cleveland-Cliffs Inc., Cleveland, has implemented management changes tied to its integration of a recent acquisition of a metallurgical coal company.
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Cleveland-Cliffs Inc., Cleveland, has implemented management changes tied to its integration of a recent acquisition of a metallurgical coal company.
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Posco Ltd., Seoul, South Korea, has commissioned a 140,000-tonne-per-year steel processing center in Pinghu, Zhejiang province, its 10th in China.
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Shanghai Baosteel Group Corp. and Nippon Steel Corp. plan to add a 450,000-tonne-per-year galvanizing line at their Shanghai auto sheet joint venture to boost annual hot-dipped sheet capacity by 56 percent to 1.25 million tonnes, according to Reuters.
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China’s iron ore import prices have finally eased amid reports of many small-scale steel mills halting production in the face of excessive raw material costs.
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U.S. Steel Corp., Pittsburgh, has promoted various executives at its Serbian and Slovakian operations.
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While Ford Motor Co., Dearborn, Mich., stands to benefit from union ratification of a tentative labor contract, it’s only a partial balm for the financially troubled automaker’s woes, one source cautioned.
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U.S. stainless steel bar producers and importers clashed at an unusual International Trade Commission (ITC) hearing Tuesday held as part of a sunset review of import duties on bar products from Britain, France, Germany, Italy and South Korea.
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U.S. pipe producers scored a major victory Tuesday when the Commerce Department determined that the Chinese government has been providing improper subsidies to Chinese manufacturers of circular welded steel pipe.
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While Ford Motor Co., Dearborn, Mich., stands to benefit, cost wise, from union ratification of a tentative labor contract, it’s only a partial balm for the financially troubled automaker’s woes, one source cautioned.
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U.S. stainless bar producers and importers clashed at an unusual International Trade Commission hearing Tuesday held as part of a sunset review of import duties on bar products from France, Germany, Italy, South Korea and Britain.
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Largely unscathed by the U.S. housing crisis, Gerdau Ameristeel Corp. notched higher profits in the first nine months of 2007 than in all of 2006.
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U.S. Steel Corp., Pittsburgh, has promoted various executives at its Serbian and Slovakian operations.