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U.S. plate prices slid in the past week as mills lowered their offers to attract buyers amid depressed demand.
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Dunkirk Specialty Steel LLC and union leaders are continuing negotiations on a new five-year labor agreement as employees continue to work under the terms an existing contract that expired late Wednesday.
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Domestic steel sheet prices continue to inch higher as mills collect a portion of their announced $40-per-ton price hikes, with some market players forecasting that a second increase is just around the corner.
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Russel Metals Inc. is optimistic about the continued strength of demand in the tubular market.
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A consortium led by Hong Kong’s Noble Group Ltd. and Pohang, South Korea-based steelmaker Posco Ltd. has decided to walk away from Arrium Ltd. after the Australian iron ore and steel producer rejected its improved takeover bid.
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Production of seamless steel pipe in Latin America is expected to reach an all-time high this year, according to figures released by the region's steel association, Alacero.
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Andre Pujadas has resigned as Severstal North America Inc.’s North American purchasing manager for scrap and metallics, and purchasing vice president David Howard will assume his responsibilities, according to a company spokeswoman.
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Flat steel output in Latin America is expected to increase 3 percent in 2012 from last year, driven by hikes in Chile, Brazil and Mexico, according to figures disclosed by steel association Alacero.
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A bankruptcy court judge in Indiana has approved the sale of Indiana Steel & Tube Inc. to E&H Tubing Inc. for nearly $5.7 million, according to court records.
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Mexican steelmaker Deacero SA de CV has challenged a determination by the Commerce Department that imports of 4.75-millimeter steel wire rod from Mexico are subject to the same dumping duties as 5-mm material.
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The U.S. International Trade Commission has instituted a five-year review on whether revocation of countervailing duty orders on hot-rolled steel products from India, Indonesia and Thailand and revocation of anti-dumping duty orders on imports from those three nations as well as China, Taiwan and Ukraine would likely lead to a continuation or recurrence of material injury to the domestic industry.
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The U.S. International Trade Commission has postponed a Nov. 1 sunset review hearing on anti-dumping and countervailing duties on corrosion-resistant flat steel products from Germany and South Korea.
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Tatano Wire & Steel Inc. has been ordered to pay nearly $300,000 to Charter Manufacturing Co. Inc. after allegedly failing to pay for steel it received from Charter.
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A bill introduced into the Ohio Senate by a group of Republican legislators aims to require operators and pipeline companies to disclose where their steel pipes was manufactured.
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ArcelorMittal SA’s operations in North America were hit by lower selling prices in the third quarter as global economic uncertainties continued to wallop the company, according to earnings data released Wednesday.
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Due to a server disruption caused by Hurricane Sandy, the pricing database at amm.com/pricing was not fully updated between Oct. 29 and Nov. 4. Server service has since been restored and the pricing database has been updated retroactively.
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Kevin Kwang Soo Kim has been named the new top executive at USS-Posco Industries (UPI), marking the first time UPI will be headed by an executive from South Korean partner Posco Corp.
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Welded Tube of Canada Ltd. will invest $50 million to build a new pipe mill serving the energy sector at a former Bethlehem Steel site in Lackawanna, N.Y.
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Hurricane Sandy has managed to bring parts of the East Coast to a screeching halt, but it appears unlikely the storm’s aftermath will disrupt the monthly ferrous scrap trade, which most sources say looks set to begin later this week at a premium to October’s levels.
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U.S. Steel Corp. has finished a “significant” maintenance outage at the No. 14 blast furnace at its Gary (Ind.) Works and is close to wrapping up several other major capital projects, company executives said.
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TMS International Corp. is promoting Raymond Kalouche to president and chief executive officer.
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U.S. Steel Corp. is keeping a close eye on imports of flat-rolled and tubular products, particularly from South Korea, and may file a trade complaint if it deems it necessary, company executives said.
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The failure of both Washington and local governments to give a clear message on economic, tax and regulatory issues continues to discourage investment in steel, manufacturing and metal distribution, executives charged this week.
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Metals companies spent Tuesday assessing the impact of former Hurricane Sandy, which left a wide swath of flooding, power outages and road and bridge closures along much of the East Coast.