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A pullback in sheet demand and prices kept Steel Dynamics Inc. (SDI) under pressure throughout much of the fourth quarter, resulting in an anticipated 25-percent drop in flat-rolled earnings and weighing on overall results.
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The U.S. International Trade Commission (ITC) decided in a five-year anti-dumping review of stainless steel wire rod from India that imports would likely lead to material injury to the domestic industry.
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Timken Co. has negotiated a new labor agreement with 2,000 workers almost two years ahead of schedule.
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OTC iron ore prices pushed higher on December 16 on the back of quiet trade, brokers told Metal Bulletin.
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London Metal Exchange three-month steel billet official prices rose on December 16 with the cash-to-three-month backwardation holding strong.
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The European Union’s Council of Ministers has approved levying a definitive anti-dumping duty on imports of China-origin seamless stainless steel pipes and tubes into the region.
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A.M. Castle & Co. has completed its $165-million acquisition of Tube Supply Inc.
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Brazilian iron ore producer MMX has revealed that SRK Consulting certified 997.4 million tonnes of reserves with an average 36.3% Fe content at its Serra Azul unit in Brazil’s south-eastern state of Minas Gerais.
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Russian steelmaking group Mechel reported improved earnings before interest, taxes, depreciation and amortisation (Ebitda) of more than $677 million for the third quarter 2011, the steelmaker said in a statement on December 16.
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Domestic hot rolled coil (HRC) prices in Europe narrowed this week on the back of thin trade, market participants told Metal Bulletin.
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Brazilian pig iron export prices have increased this week on the back of renewed interest from the North American steel market, sources told Metal Bulletin.
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Heavy plate export prices from the CIS have held steady over the past week, and even rose slightly as end-users started making enquiries for the flat-rolled product, market participants told Metal Bulletin.
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Outokumpu has raised its stainless steel coil and plate prices for deliveries in the first quarter of 2012, the steelmaker said.
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Outokumpu has raised its stainless steel coil and plate prices for deliveries in the first quarter of 2012, the steelmaker said.
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Import bookings of hot rolled coil (HRC) into India have come to a near-standstill because of the weakening local currency and low demand in the domestic market.
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The iron ore swaps market saw prices edge down slightly on December 15, with volumes at levels seen throughout the week, brokers told Metal Bulletin.
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China’s imported iron ore market lost $5 this week as steel mills shelved purchase plans on concerns of a worsening economy.
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Jürgen Horsthofer will take up the position of ceo of Deutsche Edelstahlwerke (DEW) on January 1 next year, succeeding Karl Haase, the company said in a statement on December 15.
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Shanghai rebar futures lost just 0.1% on the week as market rumours that China will cut its bank reserve ratio for a second time this year saw the SHFE contract make a small rebound on Friday.
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Taigang Stainless has cut its 304 stainless steel export offers for the fourth consecutive month as demand slows before Christmas.
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Workers at U.S. Steel Corp.’s facilities in Kosice, Slovakia, might work only four days a week beginning in January, according to the company.
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Domestic metalformers have caught the tail of the manufacturing sector recovery and are beginning to thrive, according to the positive responses in the latest Precision Metalforming Association (PMA) survey.
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National service center chain O’Neal Steel Inc. has appointed Mark Troncale as its strategic business applications manager. Troncale is tasked with defining the company’s long-term strategy for providing new systems and processes to simplify and enhance O’Neal customers’ experience.
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A report by PricewaterhouseCoopers LLP (PwC) goes a step beyond celebrating the "game-changing" potential of shale gas to quantify the impact that developing the Marcellus, Utica, Bakken, Barnett and Eagle Ford shales would have on job creation and the competitiveness of U.S. manufacturing.