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More Chinese longs steel producers have cut their ex-works prices for rebar and wire rod due to slow buying activities.
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Vietnam's consumption of long products rose for the first time in three months in November.
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At least two wire rod mills announced plans Thursday to increase wire rod prices by $40 per ton ($2 per hundredweight).
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The Alberta Securities Commission (ASC) has alleged that a group of Grande Cache Coal Corp. executives engaged in insider trading.
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Frederick Steel Co. raised reinforcing bar prices by $20 per ton ($1 per hundredweight) Thursday, with market sources expecting major rebar mills to follow.
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Lisa Goldenberg, chief operating officer of Delaware Steel Co. of Pennsylvania, has been elected president of the Association of Steel Distributors (ASD). Her term will begin at the ASD’s annual meeting in Scottsdale, Ariz., next March.
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ArcelorMittal USA Inc. is building a coiler to produce coil plate up to 1 inch thick.
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Steel shipments through the Port of Houston are poised to reach 4.4 million tons this year, an increase of at least 60 percent from 2010, and the expansion of the Panama Canal could mean even further growth ahead, according to a port executive.
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TMK Ipsco and Ferrous Metal Processing Co. have signed a deal to install what they say will be the largest slitter in North America at the pipemaker’s Wilder, Ky., manufacturing facility.
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Gerdau Long Steel North America has moved up a previously scheduled maintenance outage at its Beaumont, Texas, steel mill after it suffered a small fire earlier in the week, a company spokesman confirmed.
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Peabody Energy Corp. has acquired a 5.1-percent equity interest in Winsway Coking Coal Holdings Ltd. through a series of share purchases.
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Turkish steelmaking group Kurum has started cold-testing a new shredder at its Elbasan plant in Albania, which will allow the longs producer to generate its own raw material and save on production costs.
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The Commerce Department’s International Trade Administration (ITA) is rescinding its administrative review of an anti-dumping duty order on certain steel grating from China at the request of the only interested party that called for the review.
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The Commerce Department’s International Trade Administration (ITA) is postponing to Jan. 9 the final results of an anti-dumping duty administrative review of tapered roller bearings from China between June 1, 2009, and May 31, 2010, citing the complexity of the responses.
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The OTC iron ore market saw little change to prices on December 8, as trade volumes remained moribund, brokers told Metal Bulletin.
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The U.S. International Trade Commission (ITC) has determined in its third five-year review of imports of certain welded stainless steel pipe from South Korea and Taiwan that revocation of the anti-dumping duty orders would likely lead to material injury to domestic producers and is continuing the existing duties.
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Turkish domestic prices for hot rolled coil (HRC) rose this week by as much as $10 against deals agreed last week, while cold rolled coil (CRC) prices remained steady in the run-up to the end-of-year holiday period.
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The London Metal Exchange’s steel billet contract saw price levels rise for a third consecutive day on December 8, as prices continued to rise for scrap, billet’s principal raw material.
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RG Steel LLC has raised prices for all new non-contract orders by a minimum of $40 per ton effective immediately.
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David S. Johanson was sworn in Thursday as a member of the U.S. International Trade Commission (ITC).
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The North American arm of Russia’s Severstal has seen its third-quarter earnings before interest, taxes, depreciation and amoritisation (Ebidta) nearly halved on the back of lower steel prices.
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North American Stainless Inc. (NAS) is increasing prices on all stainless wire rod grades by 5 percent effective Jan. 2, the Ghent, Ky.-based company said Thursday.
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Export prices for CIS-origin pig iron have held steady for another week, as severe autumn price declines come to an end.
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Ukraine plate export prices are set to decline as end-users hesitate to commit to new volumes in the current uncertain economic climate, market participants told Metal Bulletin.