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Brazilian mining major Vale is moving closer to iron ore spot pricing, shifting the majority of its customers to current quarter contracts, an executive told press in London on December 7.
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U.S. steel imports appear in line to show a sharp decline for November, with import license application data indicating a nine-month low.
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Optima Specialty Steel Inc. has completed its acquisition of cold-finished steel bar producer Niagara LaSalle Corp.
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Steel Dynamics Inc.’s Mesabi Nugget LLC plant is expected to resume production shortly after an "overpressure event" blew pieces of steel siding off a building, resulting in the brief hospitalization of a contract worker at the Hoyt Lakes, Minn., site.
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Heavy plate prices in southern Europe look set to fall by another €20 ($27) per tonne as buyers prepare for the year-end slowdown, market participants told Metal Bulletin.
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AK Steel Corp. is raising spot prices for all carbon flat-rolled steel products effective immediately.
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Southern European rebar exporters are holding prices steady for a second consecutive week to entice Algerian consumers.
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European rebar producers have increased domestic prices by €10 ($13) per tonne due to higher ferrous scrap costs.
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Politicians in Europe and around the world should welcome Chinese investment in iron ore projects, Raw Material Group (RMG) chairman Magnus Ericsson told delegates at the Mines and Money conference in London on December 7.
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ArcelorMittal is only expecting work stoppages at three of its European operations on Wednesday, a spokesman for the steelmaker told Metal Bulletin
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Anglo American has appointed Paulo Castellari as the new chief executive of its Iron Ore Brazil business, the miner said in on Wednesday, December 7.
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China’s Shougang Group and Malaysia’s Hiap Teck Venture Berhad (HTVB) are building a 700,000-tpy integrated steel plant in Kemaman in Malaysia.
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China’s imported iron ore market stayed quiet on Wednesday as scant buying interest and concerns about slack downstream demand capped recent gains.
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Chinese domestic cold rolled coil and hot-dipped galvanized coil prices have seen further decreases in early December on waning seasonal demand.
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Billet offers into Southeast Asia have risen by $10-30 per tonne in the past week tracking the rise in scrap and iron ore prices.
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Japanese suppliers of hot rolled coil have yet to reach an agreement with South Korean re-rollers on a contract price for the fourth quarter, trading sources said.
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Canadian metals manufacturer and distributor Samuel, Son & Co. Ltd. has completed its acquisition of flat-rolled processor Doral Steel Inc.
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MMFX Steel Corp. of America, which recently exited Chapter 11 bankruptcy protection, has agreed to sell its Florida plant as it exits the fabrication sector to focus on selling stock lengths to distributors, fabricators and contractors.
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Billionaire investor Carl Icahn said he intends to sidestep Commercial Metals Co.’s (CMC’s) board of directors and launch a tender offer directly to shareholders as he presses forward with his latest bid to acquire the Irving, Texas-based company.
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In the past year, Max Aicher North America Inc. (MANA) has seen major disruptions to its supply chain as well as a management shakeup at its bar mill in Hamilton, Ontario, according to the company’s chief financial officer.
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The Commerce Department’s International Trade Administration (ITA) intends to rescind in part the anti-dumping duty administrative review of uncovered innerspring units from China.
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The Commerce Department’s International Trade Administration (ITA) has determined in an expedited third sunset review that revocation of an anti-dumping duty order on tapered roller bearings from China would likely lead to material injury.
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In an anti-dumping duty administrative review of imports of diamond saw blades from South Korea, the Commerce Department’s International Trade Administration (ITA) has issued preliminary weighted-average margins of 121.19 percent for Hyosung D&P Co. Ltd., 12.21 percent for Ehwa Diamond Industrial Co. Ltd. and 3.5 percent for Shinhan Diamond Industrial Co. Ltd.
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As January order books for flat-rolled steel fill up on the West Coast, buyers await February pricing for an indication of how well previously announced hikes are sticking.