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Tubular steel products maker Lakeside Steel Corp. is temporarily laying off nearly 11 percent of its unionized work force in Welland, Ontario.
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That extended bull market cycle everyone was talking about a few months ago—well, that sounds like a bunch of bull these days.
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The Port of Houston Authority (PHA) is on pace to handle a record-breaking 6.25 million tons of steel in 2008.
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Plunging commodity prices spell trouble for a lot of energy drilling and exploration firms. But there is one silver lining potentially lower service and steel costs.
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The economic slowdown has worked its way down the pipeline to two more tubular operations in the United States.
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V&M Star is considering expanding its mini-mill in Youngstown, Ohio, to increase the amount and type of tubular products it manufactures.
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Webco Industries Inc. posted fiscal first-quarter net income of $5.08 million, a 9.1-percent jump from the same period a year earlier, on sales that rose 12 percent to $110.6 million.
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Steel processor and distributor Worthington Industries Inc. will reduce its work force by about 300 employees in the steel processing and metal framing business segments, or 4 percent of its total work force.
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U.S. steel producers of both flat-rolled and long products—including the U.S. unit of the world’s biggest steelmaker, ArcelorMittal SA—have announced more layoffs as a result of the souring economy.
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Auto parts supplier American Axle & Manufacturing Holdings Inc. (AAM) and FormTech Industries LLC are wheeling and dealing.
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Scholarship applications are being accepted for Ferrous Metallurgy Education Today (FeMet) and Steel Engineering Education Link (StEEL).
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Forbes magazine has ranked Universal Stainless & Alloy Products Inc., Bridgeville, Pa., 82nd on its annual list of the 200 Best Small Companies in America, up from 92nd last year.
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Wire rod producers, distributors, traders and wire drawers say there “is virtually no demand” in December, and prices for most standard grades have fallen around 20 percent, or $180 to $220 per ton ($9 to $11 per hundredweight), since the middle of last month.
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Production has resumed at many small, private hot-dipped galvanized coil producers in China amid improving prices, market participants said.
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North American Stainless (NAS), Ghent, Ky., has successfully produced the first coil from the new hot annealing and pickling line No. 4.
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China’s coke export market is “dead,” with trade at a standstill and demand weakness worsening in the world market, according to market sources.
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Wire rod producers, distributors, traders and wire drawers say there “is virtually no demand” in December, and prices for most standard grades have fallen around 20 percent, or $180 to $220 per ton ($9 to $11 per hundredweight), since the middle of last month.
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Steel processor and distributor Worthington Industries Inc. will reduce its work force by about 300 employees in the steel processing and metal framing business segments, or 4 percent of its total work force.
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Prices of imported steel products into the port of Houston are dropping, but customers aren’t taking the bait.
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Mass layoffs in the auto, parts and transportation industries accelerated Friday, including thousands of cuts announced by the Detroit-area Big Three automakers in the United States and around the world.
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Turkish billet export offers are up for December production, but with no takers as buyers show no interest in purchasing.
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A lobby group called Global Action on ArcelorMittal has sent letters to the presidents of Ukraine and Kazakhstan questioning memoranda of understanding it alleges have been signed with the Luxembourg-based steelmaker.
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Prices of imported steel products into the port of Houston are dropping, but customers aren’t taking the bait.
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Two more flat-rolled producers have scheduled layoffs, one doubling the amount of layoffs at one of its locations and the other at a West Coast facility.