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AK Steel Corp. has followed other large domestic mills in cutting most stainless raw material surcharges in December on the back of lower nickel prices.
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U.S. raw steel output totaled 1,764,000 net tons last week, down 1.6 percent from 1,792,000 tons the previous week, as mills operated at an average capability utilization rate of 71.4 percent.
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China’s crude steel production fell 0.2 percent in mid-November compared with the first 10 days of the month, according to China Iron and Steel Association (Cisa) estimates.
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A glut of carbon steel plate inventory could continue to drag the West Coast market down through year-end.
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U.S. Steel Corp. has sued a pipefitting contractor for more than $6.9 million in damages following a 2010 explosion at its coke plant in Clairton, Pa.
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While the United States and Russia have largely agreed on a tentative deal concerning the existing suspension agreement on hot-rolled steel, domestic producers argue that it still stands to favor Russian producers.
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A Los Angeles-based company has agreed to purchase bankrupt steelmaker RG Steel LLC’s Beech Bottom plant in West Virginia for $4.4 million in cash, according to documents filed in U.S. Bankruptcy Court in Delaware.
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The Commerce Department’s International Trade Administration (ITA) has initiated a new-shipper review of Hangzhou Qingqing Industry Co. Ltd. and Hangzhou Yingqing Materials Co. Ltd. in an anti-dumping duty order covering imports of steel wire garment hangers from China.
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Russian coking coal and steel group Mechel OAO has temporarily halted some steel production at its facilities in Romania and all production at its mill in Ukraine, the company said Friday.
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ArcelorMittal USA Inc. has increased published prices for plate products by a minimum of $50 per ton, the company said in a letter to customers dated Nov. 21.
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Bankrupt metallurgical coal producer Patriot Coal Corp. has reached a proposed settlement to phase out and eventually stop all large-scale mountaintop mining in the central Appalachia region in West Virginia, the St. Louis-based miner said.
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The Mexican government has opened an anti-dumping investigation into imports of seamless steel pipe from China.
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China’s imports of ferrous scrap during October plunged to their lowest level since February 2011, while other steelmaking raw materials saw mixed results, according to Chinese customs data.
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India's Tata Steel Ltd. will cut as many as 900 jobs across its U.K. operations as part of a restructuring plan, the company said Friday.
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Optima Specialty Steel Inc.’s planned acquisition of Kentucky Electric Steel LLC (KES) should give the company better control over its supply chain as it tweaks the Ashland, Ky., facility to add special bar quality (SBQ) round capacity to the mill’s capabilities, the company’s top executive said.
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The number of drill rigs running in the United States increased by eight last week.
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The Occupational Safety and Health Administration (OSHA) has cited Grede Wisconsin Subsidiaries LLC and Lapmaster Precision Finishing Services LLC for alleged safety violations.
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Corporations in California are challenging the state’s greenhouse gas cap-and-trade auctions.
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Sivyer Steel Corp. has promoted vice president of operations Tim Mohs to the role of chief operating officer, the company said in a statement Tuesday.
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U.S. Steel Corp. will likely exit its steelmaking plant at Košice, Slovakia, though it would be better for the surrounding region’s stability if the Pittsburgh-based steelmaker remained, Slovak Prime Minister Robert Fico said Tuesday.
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Specialty metals and stainless producer Carpenter Technology Corp. and Sandvik Materials Technology, a subsidiary of Swedish industrial conglomerate Sandvik AB, will dissolve their Swedish powder metal joint ventures by the end of the year.
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TPCO America Corp. plans to have pipe- and end-finishing operations up and running by early next summer at its site in Gregory, Texas, a company spokeswoman said.
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A federal bankruptcy court judge in Delaware has approved RG Steel LLC’s plan to provide a stipend to 21 "key" employees as the bankrupt steelmaker winds down operations at its now-idled mills, according to court documents filed Tuesday.
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Although the spot market was quiet in the days leading up to the Thanksgiving holiday, sheet buyers said that they have been purchasing small volumes of flat-rolled products on an as-needed basis.