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Nucor Corp.’s Sheet Mill Group said in a letter to customers it will increase base prices on hot-rolled, cold-rolled and galvanized products by a minimum of $30 per ton effective with orders acknowledged for shipment beginning Jan. 2.
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ATI Allegheny Ludlum and Harsco Corp., through its subsidiary MultiServ Group Ltd., have been assessed a $184,900 penalty for alleged Clean Air Act violations at a Pittsburgh-area steel mill.
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Nucor Corp.’s Sheet Mill Group said in a letter to customers it will increase base prices on hot-rolled, cold-rolled and galvanized products by a minimum of $30 per ton effective with orders acknowledged for shipment beginning Jan. 2.
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Essar Steel Algoma Inc. has completed the sale of its remaining 50.1-percent interest in Algoma Energy LP, a cogeneration facility, to Essar Power Canada Ltd. for Canadian $136 million ($129.6 million).
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World prices for hot bands moved in different directions during the past two weeks, according to SteelBenchmarker, with prices continuing to fall in the U.S. and Western Europe while rising in China and the world export market.
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Daniel R. DiMicco, chairman, president and chief executive officer of Nucor Corp., will join several other leading U.S. executives in a television discussion titled “Has Made in the USA Died?”
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Gerdau Ameristeel Corp. is borrowing $610 million from Gerdau Holdings Inc., a subsidiary of Brazilian parent company Gerdau SA.
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North American Stainless Inc. (NAS) plans to increase prices on some of its stainless long products in the New Year.
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North American Stainless Inc. (NAS) plans to increase prices on some of its stainless long products in the New Year.
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Structural steel tubing prices continue to drop on the West Coast as a relatively high level of quoting isn’t being matched with orders.
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China’s Tianjin Pipe Group Corp. (TPCO) continues to move forward with plans to construct a tubular mill in Texas.
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Haynes International Inc. plans to spend $65 million over the next five years on strategic capital initiatives to improve production and development of technologically advanced high-performance alloys.
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A New York law firm appears to be first in court with a class-action lawsuit against Northwest Pipe Co. in the wake of the company’s recent disclosure of an accounting probe at the producer of water transmission pipe and tubular goods.
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A steel recovery described by one industry analyst as “choppy” is manifesting itself in stalled capacity utilization rates as steel producers move into a seasonally slow fourth quarter and face furnace and operational issues.
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Haynes International Inc. posted a net loss of $52.3 million for its fiscal year, in contrast to net income of $62.8 million the previous year, on revenue that fell 31.1 percent to $438.6 million from $637 million.
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U.S. steel imports increased in October, according to preliminary figures from the U.S. Census Bureau, but overall weakness in the global economy will temper the impact on the domestic market, industry sources said.
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Haynes International Inc. plans to spend $65 million over the next five years on strategic capital initiatives to improve production and development of technologically advanced high-performance alloys.
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A steel recovery described by one industry analyst as “choppy” is manifesting itself in stalled capacity utilization rates as steel producers move into a seasonally slow fourth quarter and face furnace and operational issues.
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The number of drill rigs running in the United States increased by 12 last week, with the largest gain in Texas (up nine), while Canadian drilling activity rose by 30 rigs.
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U.S. raw steel output totaled 1,540,000 tons last week, down 1.1 percent from 1,557,000 tons the previous week, as mills operated at an average capability utilization rate of 64.5 percent. It was one of just three declines since the start of May, when industry production began an upward trend.
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Full-line service center and processor Kane Steel has closed its doors after 54 years in business.
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Coutinho & Ferrostaal Inc. has filed nine breach-of-contract lawsuits against shippers that allegedly “lost and damaged” steel being imported into the U.S. from China. All but one of the cases involves shipments of steel pipe or tubing earmarked for delivery to the Port of Houston.
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China’s Tianjin Pipe Group Corp. (TPCO) continues to move forward with plans to construct a tubular mill in Texas.
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U.S. raw steel output totaled 1,540,000 tons last week, down 1.1 percent from 1,557,000 tons the previous week, as mills operated at an average capability utilization rate of 64.5 percent. It was one of just three declines since the start of May, when industry production began an upward trend.