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Special steel processing and distribution group Schmolz & Bickenbach has secured credit finance of €1.175 billion ($1.561 billion) until May 2015, it said on December 12.
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Anglo American may be preparing a $630 million bid for a majority stake in a coal mine in Mozambique, according to Australian reports.
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Animal in zoos live better than people in Saudi Arabia who are outside its major industrial cities, Hilal Al-Tuwairqi, chairman of the country’s Al Tuwairqi Holdings, told delegates at the Metal Bulletin Middle East Iron & Steel Conference in Dubai on December 13.
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Hilal Al-Tuwairqi will step down from his position of president of the Arab Iron & Steel Union from next year, he confirmed to delegates at the Metal Bulletin Middle East Iron & Steel conference in Dubai on December 13.
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Turkish flats producer MMK Metalurji, owned by Russian steelmaker Magnitogorsk Iron & Steel, has appointed Sergei Sulimov as its acting general director, the company said in a statement on December 13.
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Australian coking coal producer Whitehaven Coal has bought fellow Australian coal company Aston Resources for $2.8 billion, the companies said in a joint statement on December 13.
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Steelmaking capacity in the Middle East is growing rapidly but the gap between production and consumption will continue in the medium term, according to Saeed Al Romaithi, acting ceo of Emirates Steel.
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Syria has imposed a 30% import tax on all Turkish steel products, Hilal Al-Tuwairqi confirmed to delegates at the Metal Bulletin Iron & Steel conference in Dubai on December 13.
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Hilal Al-Tuwairqi, president of the Arab Iron & Steel Union, is urging the governments of the Gulf-Co-operation Council (GCC) nations to impose a 20% import tax on rebar imports to put an end to dumping practices.
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Spot iron ore prices to China lost $1-2 on December 13, as buying interest remained thin.
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China’s longs steel market sagged on Tuesday as Chinese steel mills continued to reduce their ex- works prices on slow sales.
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Emirates Steel is at the final feasibility and tendering stage for the construction of a hot rolled coil (HRC) facility with a focus on supplying regional markets, acting ceo Saeed Al Romaithi told metal bulletin in an interview on December 12.
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Australia has raised its forecast for iron ore exports to 460 million tonnes in 2011-12, due to expansions to its mine and infrastructure capacity, the Bureau of Resources and Energy Economics (BREE) said on Tuesday.
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China plate export prices for February shipment have dropped $10 this week on lower domestic prices and weaker demand from overseas.
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U.S. anti-dumping and countervailing duty investigations on imports of circular-welded carbon-quality steel pipe from four nations will continue following an affirmative vote by the U.S. International Trade Commission (ITC) that the imports could pose a threat to U.S. manufacturers.
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Published prices for wide-flange steel beams appear to be on their way back up to October levels, but buyers question whether market prices will follow.
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Metals processor and distributor Ryerson Inc. has acquired a trio of steel service center operations and a logistics company in one big purchase.
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ThyssenKrupp Steel USA LLC has named Christian Dohr its new president and chief executive officer, effective Jan. 1.
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A survey of more than 50 chief financial officers across a broad range of metal, mining and metal fabrication companies found that optimism about the state of their industries has cooled, with expectations for industry expansion falling significantly.
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Stainless steel tank maker Paul Mueller Co. has named John J. Ghirardelli to its board of directors effective Jan. 1, the company said Monday.
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ExlTube has increased prices for all A-53 B standard pipe products by a minimum of $50 per ton ($2.50 per hundredweight) effective 10 a.m. Monday, the company said in a letter to customers.
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Workers at steelmaker Evraz Inc. North America facilities in Calgary, Alberta, and Regina, Saskatchewan, have ratified a new three-year labor contract.
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A worker at ArcelorMittal SA’s Burns Harbor, Ind., steel mill was injured at the facility’s "D" blast furnace, a company spokeswoman told AMM Monday.
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An electrician was killed at Gerdau Long Steel North America’s steel mill in Cartersville, Ga., the company told AMM Monday.