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So Welspun Gujarat Stahl Rohren Ltd. hasn’t yet started up its spiral weld pipe mill in Little Rock, Ark.
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Another round of layoffs and production cuts is spreading across the pipe and tube sector, and more seem likely to follow.
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India’s JSW Steel Ltd. plans to delay expansion plans at its pipe mill in Texas, according to a recent report from media outlet Bloomberg.
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U.S. Steel Corp. has rescinded a $200-per-ton increase on some tubular products imposed in October, according to market sources.
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TransCanada Corp. buys a lot of steel pipe, so when the company’s top executive takes a little time to chat, Perspectives listens.
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It’s no secret that a severe economic slowdown has gripped the United States and much of the rest of the world.
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Vallourec & Mannesmann Holdings Inc. (V&M) has received a $2.6-million tax credit for a proposed $639-million expansion of its tube-making plant in Youngstown and Girard, Ohio.
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Russia’s Novolipetsk Steel (NLMK) on Friday said it expected fourth quarter performance to “decrease substantially” thanks to an “apparent crisis” in the global economy.
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Iron ore shipments on the Great Lakes fell in November and are likely to decline again this month as a drop in demand from steelmakers causes vessels to be laid up early, the Lake Carriers’ Association said.
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U.S. producers of tin mill products are seeking contract price increases for 2009, trying to eliminate a disparity that exists between large- and small-volume buyers in a market that is expected to be stronger than most for steel.
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Rio Tinto is facing a sizeable bill from advisers and lawyers for what they claim was their success in fending off BHP Billiton’s $66-billion hostile takeover bid, sources said.
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The government-proposed infrastructure development package won’t arrive soon enough to prevent some 150 employees of Gerdau Ameristeel Corp.’s Sand Springs, Okla., plant from facing layoff.
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The global economic crisis that has prompted sharp declines in steel orders will result in a number of leading steelmakers, including Steel Dynamics Inc. (SDI), Fort Wayne, Ind., reporting quarterly losses for the end of this year and promises to lead to tough sledding in the early stages of 2009.
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The government-proposed infrastructure development package won’t arrive soon enough to prevent some 150 employees of Gerdau Ameristeel Corp.’s Sand Springs, Okla., plant from facing layoff.
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Unions have rejected a proposal by Corus Group Plc for a 10-percent pay cut for all workers to help it weather the economic downturn.
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Jim Walter Resources Inc. has leased about 46 million tons of coking coal reserves in the Blue Creek seam near Brookwood, Ala., and said it would increase production immediately.
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Siemens VAI Metals Technologies has received an order from Russia’s OJSC Novolipetsk Iron & Steel Works for the installation of dedusting systems and auxiliary equipment for a new LD basic oxygen furnace converter in its No. 2 steel works.
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Cardero Resources Corp. is undertaking a pilot program to make pig iron from iron ore concentrate at the Pampa El Toro site in the Marcona district of southern Peru.
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Coal shipments on the Great Lakes topped 4.07 million tons in November, rising 20.8 percent compared with the same month last year, according to the latest figures from the Lakes’ Carriers Association.
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J.P. Morgan Securities Inc., New York, has lowered its coking coal price forecast to $135 a tonne from $200 for 2009 and 2010.
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Latrobe Specialty Steel Co. has received a technology investment from the U.S. Defense Department that the steelmaker said will help reduce production lead times by increasing output capacity for specific vacuum melted or remelted alloys.
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India’s JSW Steel Ltd. plans to delay expansion plans at its pipe mill in Texas, according to a report by Bloomberg.
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A major U.S. titanium distributor and four current and former executives have been charged with criminal fraud for allegedly selling substandard material used on military aircraft and spacecraft.
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Precision Parts International LLC, a manufacturer of high-precision metal components, announced Friday it has filed for Chapter 11 bankruptcy.