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ArcelorMittal plans to boost prices on coiled reinforcing bar produced at its Georgetown, S.C., mill by $30 per ton ($1.50 per cwt) effective with shipments Jan. 1. The move is necessary to keep up with rising raw material costs, the company said.
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ArcelorMittal USA Inc., Chicago, plans to boost prices on coiled reinforcing bar produced at its Georgetown, S.C., mill by $30 per ton ($1.50 per cwt) effective with shipments Jan. 1. The move is necessary to keep up with rising raw material costs, the company said.
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Heidtman Steel Products Inc. plans to spend $13.5 million to build a new facility to house a light-gauge multi-blanking line.
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A landmark energy bill approved by the House of Representatives Thursday would impose a strict new fuel efficiency standard, but many automakers appear grudgingly ready to accept the challenge.
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SeverCorr LLC has begun operations at its advanced coating line, marking an end to the mill’s year-long phased start-up, the company said Thursday.
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Things might finally be looking up for WCI Steel Inc., Warren, Ohio, which has a new leader in place, resumed blast furnace production and installed its new walking beam furnace ahead of schedule.
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Insteel Industries Inc.’s board of directors has authorized the repurchase of $25 million in outstanding common stock during the next year.
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Latrobe Specialty Steel Co., Latrobe, Pa., will offer a new vacuum-remelted steel product to aerospace customers for use in landing gear.
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Total employment in the United States is expected to increase at a slower rate over the next decade compared with the previous ten-year period, and employment in manufacturing is likely to decline by 1.5 million jobs, according to a new forecast by the U.S. Department of Labor’s Bureau of Labor Statistics.
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WCI Steel Inc., Warren, Ohio, has a new leader in place, resumed blast furnace production and installed its new walking beam furnace ahead of schedule.
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Ipsco Inc., Lisle, Ill., is boosting heat-treated capacity at its Mobile, Ala., plate mill as part of efforts by its parent company, Svenskt Stal AB (SSAB), to expand its presence in the high-strength steel (HSS) sector.
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The energy bill pending before the House of Representatives could mean strict new fuel efficiency standards, but many automakers appear grudgingly ready to accept the changes.
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The New York Mercantile Exchange is unlikely to launch its U.S. cash-settled steel futures contract until the first quarter of next year, James Oliver, Nymex’s marketing manager, said on the sidelines of the 5th European Steel Success Strategies conference in Paris.
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The New York Mercantile Exchange is considering launching an international steel futures contract in addition to a U.S. contract.
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Ipsco Inc., Lisle, Ill., is boosting heat-treated capacity at its Mobile, Ala., plate mill as part of efforts by its parent company, Svenskt Stal AB (SSAB), to expand its presence in the high-strength steel (HSS) sector.
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Brazil’s raw steel output should total a record 33.96 million tonnes in 2007, up 9.9 percent from last year, and additional growth of 10.8 percent is expected in 2008 in line with continuing strong domestic and international market demand.
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Jackson-based special bar quality (SBQ) steel manufacturer Macsteel will seek to boost contract prices in calendar year 2008 in the wake of spiraling costs for raw materials and others goods.
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Upward pressure on export prices for Brazilian pig iron has continued this week following an increase of around $8 a tonne f.o.b. in new orders taken last week, traders said.
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Two big Detroit-area automakers plan to slash production in the first quarter of next year in a move that might be good business but likely will hurt metal producers.
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Insteel Industries Inc. said Wednesday its board of directors had authorized it to repurchase $25 million in outstanding common stock during the next year.
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Quanex Corp. posted a 16-percent drop in net income to $134.6 million for its fiscal year ended Oct. 31 on sales that inched up 0.8 percent to nearly $2.05 billion compared with a year earlier, and—given bleak economic forecasts—tempered its outlook for fiscal 2008.
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Iron ore shipments on the Great Lakes/St. Lawrence Seaway system sank to 6.2 million tons in August, down 4.5 percent from the same month last year, according to the latest data from the Lake Carriers’ Association. Loadings trailed the five-year average for August by 91,000 tons.
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A controversial energy bill could come up for a critical committee vote as soon as Thursday, a Capitol Hill insider told AMM Wednesday afternoon.
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More details have emerged about the Ohio steel mill proposed by Russia’s OAO Magnitogorsk Iron & Steel Works.