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Special Metals Corp. has added one vice president and promoted another as it moves to strengthen its leadership team.
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Demand for steel should recover at a modest pace during the next 12 to 18 months, although it won’t reach peak levels in the medium term, Fitch Ratings said in its Worldwide Steel Outlook.
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The absence of high-priced pig iron inventories will help Nucor Corp. stop a string of quarterly losses in the fourth quarter, the company said in earnings guidance issued Wednesday.
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Carpenter Technology Corp. has unveiled a new alloy for use in high-demand powertrain components in heavy-duty diesel engines and other commercial transportation and locomotive applications.
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Rising input costs, principally for scrap, are pushing hot-rolled band and other steel prices higher.
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A dispute over one of the largest outstanding U.S. orders for railcars has been settled as Greenbrier Cos. Inc. and General Electric Co. have agreed to slash the number of units by nearly half.
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Hot-rolled band prices increased worldwide in the last three weeks, pushed largely by rising input costs.
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Striking workers at Gerdau Ameristeel Corp.’s Cambridge, Ontario, merchant products mill have ratified the company’s latest contract offer and will return to work shortly after the holiday. The union bargaining committee had recommended that members reject the offer.
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Striking workers at Gerdau Ameristeel Corp.’s Cambridge, Ontario, merchant products mill have ratified the company’s latest contract offer and will return to work shortly after the holiday. The union bargaining committee had recommended that members reject the offer.
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Moody’s Investor Service said it will review its “A1” senior unsecured ratings on Nucor Corp. for possible downgrade based on continued weak demand for steel, particularly from the nonresidential construction market.
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Allegheny Ludlum Corp. is increasing its surcharge on grain-oriented electrical steel.
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The Canadian government is seeking dismissal of U.S. Steel Corp.’s challenge of a law governing foreign investment in Canada, according to local reports and court documents.
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U.S. ferrous scrap traders are expecting another round of buying by Turkish steelmakers to begin this week, ending what had been a drought of orders from the eastern Mediterranean nation.
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American energy independence and the continued enforcement of trade rules will go a long way toward revitalizing the U.S. manufacturing base and the economy and making America a center for innovation again, according to recommendations by the U.S. Manufacturing Council to Commerce Secretary Gary Locke.
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The Canadian government is seeking dismissal of U.S. Steel Corp.’s challenge of a law governing foreign investment in Canada, according to local reports and court documents.
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The number of drill rigs running in the United States increased by 20 last week, with the largest gain in Texas (up seven), but Canadian drilling activity fell by 10 rigs.
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India?s Essar Group secured financing for its North American steel operations this week, closing a notes offering for its Essar Steel Algoma Inc. operations and getting a three-month loan extension for its Essar Steel Minnesota LLC plant.
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Raw steel output in the United States totaled 1,547,000 tons last week, a 1.8-percent increase from 1,519,000 tons the previous week, as mills operated at an average capability utilization rate of 64.9 percent.
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U.S. Steel Corp. is planning to boost production and at its Keewatin (Keetac) iron ore operation in Minnesota, citing increased global steel demand.
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Moody’s Investor Service said it will review its “A1” senior unsecured ratings on Nucor Corp. for possible downgrade based on continued weak demand for steel, particularly from the nonresidential construction market.
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Italy’s Olivotto Ferre SpA and Pennsylvania’s FCE LLC have joined forces to purchase the assets of Flinn & Dreffein Engineering Co. with the intent of creating a technological partnership to advise customers in the area of heat processing projects.
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India’s Essar Group secured financing for its North American steel operations this week, closing a notes offering for its Essar Steel Algoma Inc. operations and getting a three-month loan extension for its Essar Steel Minnesota LLC plant.
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Allegheny Ludlum Corp. is increasing its surcharge on grain-oriented electrical steel.
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U.S. Steel Corp. is planning to boost production and at its Keewatin (Keetac) iron ore operation in Minnesota, citing increased global steel demand.