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Part of the West Coast steel industry that has been especially cautious in announcing price hikes this year has now gone all in, as local structural tubing producers appear unanimous in their intention to boost prices by $40 per ton ($2 per hundredweight).
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Nucor Corp. is attempting its third carbon steel sheet price hike in about three weeks, sparking questions among industry players about the sustainability of rapidly rising tags.
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Part of the West Coast steel industry that has been especially cautious in announcing price hikes this year has now gone all in, as local structural tubing producers appear unanimous in their intention to boost prices by $40 per ton ($2 per hundredweight).
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Standard & Poor’s Ratings Services (S&P) assigned a “B+” credit rating with a “stable” outlook to Atkore International’s issuance of $410 million in senior secured notes due 2017.
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Standard & Poor’s Ratings Services (S&P) assigned a “B+” credit rating with a “stable” outlook to Atkore International’s issuance of $410 million in senior secured notes due 2017.
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Alro Steel Corp. has acquired the assets of Anderson Metals Inc.’s three metals service center facilities in York and Huntingdon Valley, Pa.; and Greensboro, N.C.
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The wire rod market appears poised to avoid the rapid-fire series of price increase announcements leapfrogging across other steel markets, with sources saying that Nucor Corp. is unlikely to trump a leading move by Keystone Steel & Wire Co.
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AK Steel Corp. has successfully priced a public offering of $150 million in senior notes issued as an add-on to its 7?-percent senior notes due 2020.
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U.S. diplomats have warned Ukraine about repeated exports of specialty steel to Iran for use in Iran’s ballistic missile program, according to a classified diplomatic cable made public by WikiLeaks.
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U.S. raw steel output totaled 1,697,000 net tons last week as mills operated at an average capability utilization rate of 70.2 percent, up 2.7 percent from 1,652,000 tons the previous week.
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The number of drill rigs running in the United States last week increased by 26, led by Oklahoma (up nine), while Canadian drilling activity jumped by 34 rigs from the previous week.
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AK Steel Corp. has successfully priced a public offering of $150 million in senior notes issued as an add-on to its 7-5/8-percent senior notes due 2020.
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The wire rod market appears poised to avoid the rapid-fire series of price increase announcements leapfrogging across other steel markets, with sources saying that Nucor Corp. is unlikely to trump a leading move by Keystone Steel & Wire Co.
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U.S. diplomats have warned Ukraine about repeated exports of specialty steel to Iran for use in Iran’s ballistic missile program, according to a classified diplomatic cable made public by WikiLeaks.
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Nucor Corp. is attempting its third carbon steel sheet price hike in about three weeks, sparking questions among industry players about the sustainability of rapidly rising tags.
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Sims Recycling Solutions will establish an electronics recycling plant in Edison, N.J., with operations scheduled to begin in January.
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The number of drill rigs running in the United States increased by 1.5 percent to 1,713 last week from 1,687 the previous week, while Canadian drilling activity jumped by 8.2 percent to 449 rigs from 415 in the same comparison.
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U.S. raw steel output totaled 1,697,000 net tons last week as mills operated at an average capability utilization rate of 70.2 percent, up 2.7 percent from 1,652,000 tons the previous week.
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Nucor Corp. Charlotte, N.C., said Monday it would attempt to increase transaction prices on carbon steel sheet products by $40 per ton, effective immediately.
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Nucor Corp., Charlotte, N.C., said late Monday it would immediately attempt to increase transaction prices on carbon steel sheet products by $40 per ton ($2 per hundredweight).
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In a mere two weeks, flat-rolled steel buyers have stopped sitting on their hands and are actively ordering more material in order to stock up for what they perceive will be a strong first quarter.
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In a mere two weeks, flat-rolled steel buyers have stopped sitting on their hands and are actively ordering more material in order to stock up for what they perceive will be a strong first quarter. Half a dozen buyers told AMM Monday that the latest announced price increases will stick and they anticipate still higher pricing in the first three months of 2011 and perhaps beyond that.
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Hollow structural sections (HSS) mills, citing higher raw material costs, have raised prices by $60 per ton ($3 per hundredweight), according to letters issued to customers and market sources.
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Hollow structural sections (HSS) mills, citing higher raw material costs, have raised prices by $60 per ton ($3 per hundredweight), according to letters issued to customers and market sources.