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The United States and Russia signed a revised suspension agreement for hot-rolled steel Friday that pushes the minimum price for Russian material sold into the U.S. market up by some 47 percent.
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Declines in new orders, inventories and employment helped drive the November manufacturing purchasing managers index (PMI) down 2.2 percentage points compared with the previous month, according to the Institute for Supply Management (ISM).
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U.S. Steel Corp. has laid off 142 hourly employees at its tubular operations in McKeesport, Pa., a company spokeswoman said Monday.
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Vale SA is trying to determine "the best destination" for the Ferro Gusa Carajás SA (FGC) industrial plant, a pig iron producer in Brazil’s northern region of Carajás.
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The French government has backed away from a threat to nationalize ArcelorMittal SA’s Florange steel plant after the company said it would preserve jobs and invest more at the site.
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U.S. Steel Corp. has requested an administrative review of an anti-dumping duty order on imports of circular-welded non-alloy steel pipe from South Korea and Mexico, according to the Commerce Department’s Import Administration.
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Nucor Corp. has requested an administrative review of an anti-dumping duty order on imports of cut-to-length carbon steel plate from China from Nov. 1, 2011, to Oct. 31, 2012, according to the Commerce Department’s Import Administration.
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The Commerce Department’s International Trade Administration (ITA) has issued a preliminary determination that imports of steel threaded rod containing 1.25 percent or more chromium by weight produced by China’s Gem-Year Industrial Co. Ltd. are within the scope of an anti-dumping duty order.
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To the Editor: The past month has been a culmination of a lot of hard work by many Americans on both sides of the fence. The reality is that we have a choice of either spending our time and effort on the track behind us or focusing on the rail to be laid ahead. The steel industry has managed itself through decades of tough times. Through it all, the industry has adapted and reinvented itself time and again.
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Vale SA’s board has approved total capital expenditures of $16.3 billion for 2013, down from the $21.4 billion planned for 2012.
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Mexico’s steelmakers must stand together to defend the industry against unfair trade practices from China, India, Russia, Singapore and South Korea, according to the vice president of Latin American steel association Alacero.
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The number of drill rigs running in the United States fell by six last week.
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A walkout by dock workers at the California ports of Los Angeles and Long Beach that entered its fourth day Friday is having an uneven impact on steel trade, with most imports arriving unimpeded but some disruption occurring in exports of containerized scrap.
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Esmark Steel Group LLC and union workers have reached a tentative agreement on a new four-year labor contract at the newly acquired and renamed Ohio Cold Rolling Co., the company said Friday.
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The United States has rejected China’s request to set up a dispute settlement panel at the World Trade Organization (WTO) over alleged illegal subsidy duties to nonmarket economies.
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An increase in imports from South Africa of a raw material similar to nodular pig iron has triggered a fierce price war, with some U.S. distributors now considering removing pig iron from their sales programs.
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The steel import sector remains sluggish, although some market participants anticipate a stronger 2013, sources told AMM on the sidelines of the American Institute for International Steel’s 62nd Annual Dinner in New York.
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As it faces monumental currency, economic, geopolitical and global competitiveness challenges, Japan’s integrated steel industry is banking on innovation in the form of a technology push and targeted investments in Southeast Asia’s "little tigers" to capture growth in a global market long on supply and short on demand.
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Steel derivatives continue to face an uphill battle as concerns over illiquidity and price risk keep some would-be participants on the sidelines, but advocates of the nascent products maintain swaps and futures will find a place in the global steel sector yet.
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The Commerce Department’s International Trade Administration (ITA) is inviting interested parties to file requests for administrative reviews of anti-dumping and countervailing duty orders on various imports.
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The U.S. International Trade Commission (ITC) will hold a hearing April 25 on a sunset review of anti-dumping duty orders on steel concrete reinforcing bar from Belarus, China, Indonesia, Latvia, Moldova, Poland and Ukraine.
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The Commerce Department’s International Trade Administration (ITA) has initiated administrative reviews of anti-dumping duty orders on imports of carbon and alloy steel wire rod from Mexico and steel wire garment hangers from China.
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The outlook for Asia’s steel industry remains stable on the expectation that demand will increase modestly and there will be no significant increases in steel capacity in China over the next 12 months, according to Moody’s Investors Service.
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BHP Billiton Plc is bearish on iron ore and coal prices in the short and long term as a result of China’s moderating growth and the country’s transition to a more consumption-led economy.