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Webco Industries Inc.’s earnings surged in its fiscal first quarter, with net income of nearly $6.2 million more than 12 times the year-earlier $502,000.
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AK Steel Corp. is lowering surcharges on most of its stainless and electrical steel products in January, in step with softer nickel prices in November.
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Hot-rolled steel band producer NLMK Indiana will hire up to 36 employees over the next two years to succeed current employees who are being trained to take part in new operations, the company said Thursday.
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ArcelorMittal Tubarão, Brazil’s largest integrated flat-rolled steel mill, has cut its crude steel production by 1 million tonnes per year because of the accident that damaged Vale SA’s Praia Mole coal terminal in Brazil two weeks ago, the company said.
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John Goodish, U.S. Steel Corp.’s executive vice president and chief operating officer, will officially retire Dec. 31 after 40 years with the company.
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Webco Industries Inc.’s earnings surged in its fiscal first quarter, with net income of nearly $6.2 million more than 12 times the year-earlier $502,000.
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TMK Ipsco is immediately increasing prices on electric resistance welded (ERW) standard and line pipe products by a minimum of $75 per ton ($3.75 per hundredweight).
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The Canadian International Trade Tribunal has initiated an expiry review of its anti-dumping order on imported flat hot-rolled carbon and alloy steel sheet and on subsidizing flat hot-rolled carbon and alloy steel sheet and strip from India.
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Traditionally a net exporter of the light metal, Brazil has recently found itself short metal, according to several North American suppliers who say they have started quoting material to ship to Brazil.
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Hot-rolled steel band producer NLMK Indiana will hire up to 36 employees over the next two years to succeed current employees who are being trained to take part in new operations, the company said Thursday.
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Pro-Tec Coating Co. is set to begin construction on a 500,000-ton continuous annealing line after U.S. Steel Corp. and Kobe Steel Ltd. on Thursday confirmed an investment of about $400 million in the joint venture.
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The parties have agreed to extend the original 14-day due diligence and negotiation period that elapsed Dec. 1. Neither company indicated the duration of the extension.
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Schnitzer Steel Industries Inc. has acquired two more used auto parts retailers and bought land adjacent to one of its hometown yards to further its expansion, the company said Wednesday.
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The American Iron and Steel Institute is praising two U.S. senators for their efforts in pressuring China on currency reform.
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The American Iron and Steel Institute (AISI) has joined with other industrial groups in urging Congress to block the U.S. Environmental Protection Agency’s plan to regulate greenhouse gas (GHG) emissions.
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It remains unclear when a proposed expansion of Pro-Tec Coating Co., a Leipsic, Ohio, joint venture between Tokyo-based Kobe Steel Ltd. and U.S. Steel Corp., will move forward despite a flurry of reports coming out of Japan that construction of the new line will commence in 2011.
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Steelmakers in Europe could start to secure slab supplies from the Commonwealth of Independent States to benefit from cheaper raw material input costs, according to Andrey Laptev, head of strategic planning at Russian steelmaker OAO Severstal.
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“We have not had any official announcements from our parent companies,” a source at Pro-Tec said Wednesday, referring questions to Pittsburgh-based U.S. Steel.
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The Steel Manufacturers Association (SMA) endorsed a recommendation to nearly double the gas tax to adequately pay for the Transportation Trust Fund and “stop the abuse of emergency spending.”
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Expanding aerospace components manufacturer TransDigm Group Inc. has agreed to buy the actuation business of Telair International Inc., a Simi Valley, Calif.-based subsidiary of Teleflex Inc., for about $94 million in cash.
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Steelmakers serving the energy market are facing fallout from a New York State ban on hydraulic fracturing in the state until mid-May 2011.
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ThyssenKrupp AG has approved the funding for a planned stainless steel melt shop at its Calvert, Ala., facility, the chairman of the company’s executive board said Tuesday during a conference announcing the German steelmaker’s year-end results.
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ThyssenKrupp AG has approved the funding for a planned stainless steel melt shop at its Calvert, Ala., facility, the chairman of the company’s executive board said Tuesday during a conference announcing the German steelmaker’s year-end results.
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North American carbon flat-rolled steel prices are heading for yet higher ground as producers set additional hikes that will lift hot-rolled sheet to about $610 per ton as they continue to react to rising scrap prices and improving demand.