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A federal bankruptcy court judge in New York has moved metallurgical coal producer Patriot Coal Corp.’s Chapter 11 case to St. Louis, a company spokeswoman confirmed to AMM sister publication Steel First.
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Carbon steel plate pricing appears poised to climb higher, sources said, but just how high remains uncertain as many spot buyers are holding off booking material for January.
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Either Bull Moose Tube Co. or its parent company, Caparo Plc, is rumored to be in a deal to acquire Elkhart Metal Distributing Inc., according to sources familiar with the situation.
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The Commerce Department has notified the U.S. International Trade Commission that it did not receive adequate substantive responses from interested parties in the sunset review of anti-dumping duty orders on silicomanganese from India, Kazakhstan and Venezuela, as well as an anti-dumping duty order on welded large-diameter line pipe from Japan.
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Pipe and tube market players don’t expect much year-end holiday cheer, with most buyers still sidelined by an uncertain business outlook, low prices and a slowdown in drilling.
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Rio Tinto Plc, the world’s second-largest iron ore producer, is aiming to shave $7 billion in costs by the end of 2014 as it pushes ahead with expansions amid "current headwinds."
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Upward pricing in the domestic flat-rolled steel market appears to have stalled, stirring speculation that a third round of price increase announcements is on its way, market sources told AMM.
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The blast furnace at Severstal North America Inc.’s Dearborn, Mich., facility is back online following a pipe explosion earlier this month.
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Earlier expectations of a $20- to $40-per-ton run-up in ferrous scrap prices in December have largely subsided, with most market participants now forecasting a "strong sideways" market and a few even predicting slight downward pressure if demand from steel mills and the export market slips.
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A California environmental group has filed a lawsuit against Pacific Steel Casting Co. for allegedly allowing stormwater runoff to be discharged into the San Francisco Bay.
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The Commerce Department’s International Trade Administration (ITA) has amended some anti-dumping duty margins for imports of circular-welded carbon-quality steel pipe from Vietnam after producer/exporter SeAH Steel Vina Corp. alleged that the agency made ministerial errors.
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Oneok Pipeline Partners LP has dropped plans to build a 1,300-mile pipeline, citing a lack of interest by potential customers.
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India is expected to become the second-largest crude steel producer in the world by 2015 as the country’s construction, infrastructure, manufacturing and automotive sectors expand.
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Brazil’s steel industry looks set to pick up next year, domestic steel association IABr said, but lowered its 2012 forecasts.
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Brazil’s crude steel production totaled 3.15 million tonnes in October, up 7.7 percent from 2.93 million tonnes in the same month last year, according to data from domestic steel association IABr.
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Signs that scrap prices are losing steam, combined with a continued lag in structural steel demand, have some steel buyers altering their outlook for wide-flange beams.
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Steel Dynamics Inc. (SDI) plans to spend nearly $27 million to install a new heat-treating system at its structural and rail division in Columbia City, Ind.
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Steel imports in October fell to the lowest level in six months on the back of major declines in semifinished material and plate products.
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Scrapyards, commodity shippers and terminals along the Mississippi River are preparing to move material by rail and truck instead of via barge, despite the higher cost, as low water levels are threatening to close the river to commercial navigation in less than two weeks.
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U.S. iron ore concentrate producer Magnetation LLC will invest between $300 million and $350 million to build an iron ore pellet plant in Reynolds, Ind.
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OAO TMK’s Americas operations were squeezed in the third quarter by lower prices and "softening market conditions" as a decline in drilling activity and import pressure took a bite out of profits.
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Heyco Metals Inc., a manufacturer of light-gauge coil, sheet and strip, has added stainless steel to its product lineup.
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The Commerce Department’s International Trade Administration (ITA) has told the U.S. International Trade Commission that it has received notices of intent to participate in sunset reviews of duty orders on hot-rolled steel flat products from China, India, Indonesia, Taiwan, Thailand and Ukraine.
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The Commerce Department’s International Trade Administration (ITA) has extended to Dec. 3 the deadline for a second supplemental questionnaire for Jilin Carbon Import & Export Co. Ltd. in an anti-circumvention investigation of an anti-dumping duty order on small-diameter graphite electrodes from China.