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Buyers of wide-flange beams are being prepared for still-higher prices following a New Year’s hike that’s being driven largely by higher scrap costs.
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Baffinland Iron Mines Corp., Toronto, plans to sell up to 3 million tonnes of iron ore annually to ThyssenKrupp Steel AG.
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Job cuts at Wheeling-Pittsburgh Steel Corp. appear to be on the way as the Wheeling, W.Va.-based steelmaker looks to right-size its operations, according to a union leader at one plant.
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The bar mill group of Nucor Corp., Charlotte, N.C., will implement a $25-per-net-ton ($1.25-per-hundredweight) increase on reinforcing bar, merchant bar and structural products effective with Jan. 1 shipments.
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ArcelorMittal SA’s plans to acquire a stake in China’s Laiwu Steel Group have run aground.
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United Steelworkers union members from throughout North America are convening Monday in Pittsburgh to discuss strategy for upcoming bargaining with major steel and iron ore producers.
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Baffinland Iron Mines Corp., Toronto, said it plans to sell up to 3 million tonnes of iron ore annually to ThyssenKrupp Steel AG.
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A unit of Brazil’s Vale has declared force majeure on iron ore shipments out of Sepetiba port in Rio de Janeiro state, the company confirmed late Friday.
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United Steelworkers union members from throughout North America are convening Monday in Pittsburgh to discuss strategy for upcoming bargaining with major steel and iron ore producers.
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The Senate Finance Committee intends to hold a hearing next week examining how to persuade foreign countries to adhere to the emissions standards proposed under the Lieberman-Warner cap-and-trade bill, a Capitol Hill source said Friday.
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The bar mill group of Nucor Corp., Charlotte, N.C., is hoping that a surcharge increase and a base price decrease will result in a $25-per-net-ton ($1.25-per-hundredweight ) gain on its reinforcing bar, merchant bar and structural products in January.
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Siemens AG, Munich, Germany, has received an order from China’s Wuhan Iron & Steel Group Corp. (Wisco) to equip its new No. 3 five-stand coupled tandem pickling line with mechanical equipment, drive and automation systems and technological controls.
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Siemens AG, Munich, Germany, has received an order from China’s Wuhan Iron & Steel Group Corp. (Wisco) to equip its new No. 3 five-stand coupled tandem pickling line with mechanical equipment, drive and automation systems and technological controls.
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Allegheny Ludlum Corp., a subsidiary of Allegheny Technologies Inc., Pittsburgh, plans to increase its January surcharge on silicon electrical steel products to $393 a ton ($19.65 per hundredweight) from $390 a ton ($19.50 per cwt) this month and $385 a ton ($19.25 per cwt) in November.
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Steelmakers and other industrial businesses in the Great Lakes region say federal funding is key for dredging if they are to survive as viable businesses.
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Gerdau Ameristeel Corp., Tampa, Fla., plans to boost wire rod product prices by $40 a ton ($2 per hundredweight), effective with Feb. 1 shipments. The move applies to mills in Beaumont, Texas, Jacksonville, Fla., and Perth Amboy, N.J., it said in a letter to customers Thursday.
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Manufacturers celebrated the passage of an energy bill in the Senate late Thursday that left $21 billion in tax breaks to big energy companies intact.
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The Senate Finance Committee Thursday unanimously approved the nomination of Christopher Padilla as undersecretary of commerce for international trade.
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Wheeling-Pittsburgh Steel Corp., Wheeling, W.Va., is looking to cut jobs at its plants in an effort to right-size its operations, a union leader at one of its plants said.
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Allegheny Ludlum Corp., a subsidiary of Allegheny Technologies Inc., Pittsburgh, plans to increase its surcharge on silicon electrical steel products to $393 a ton ($19.65 per hundredweight) for January, up from $390 a ton this month and $385 a ton in November.
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Gerdau Ameristeel Corp., Tampa, Fla., plans to boost wire rod product prices $40 a ton ($2 per hundredweight), effective with Feb. 1 shipments.
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Increased demand and accepted price increases helped high-performance alloys producer Haynes International Inc., Kokomo, Ind., post record earnings during the current fiscal year.
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Producers of carbon flat-rolled steel products are seeking price increases of $30 a ton for February shipments, their second attempt at a 2008 price hike.
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ArcelorMittal SA is forging full steam ahead into China, but how fast—or even if its foray will go through—remains unclear.