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The U.S. economy is improving and there’s no danger of an economic backslide in the coming years, but cash flow and buying confidence have not yet returned to pre-recession levels, economist Clare Zempel told members of the American Wire Producers Association.
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The U.S. Army Corps of Engineers’ daily river gauge report showed the Mississippi River reaching 34.8 feet at St. Louis on April 23, nearly 5 feet above flood stage, with forecasts calling for the river to reach 35.5 feet April 24 before falling again.
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Acerinox SA, parent company of North American Stainless Inc. (NAS), saw a sharp drop in first-quarter earnings due to falling nickel and stainless steel base prices, the company said April 23.
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AK Steel Corp. aims to capture more market share in the automotive sector as the steelmaker continues to shift gears and focus on selling high-end products.
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Steelmaker Steel Dynamics Inc. is making progress toward adding production capacity for both special bar quality (SBQ) and rail products, executives say.
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Domestic producers of concrete reinforcing bar (rebar) will seek to hold imports at bay during the International Trade Commission’s (ITC’s) April 25 review of import duties against China, Indonesia and five Eastern European countries.
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In a preliminary determination, the Canada Border Services Agency (CBSA) has issued dumping margins on imports of galvanized steel wire products from China, Israel and Spain and countervailing duties on product from China.
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The North American market is consuming an increasing share of AK Steel Corp.’s electrical steel products, and that trend is likely to continue if domestic housing starts exceed 1 million units this year as forecast, the company said.
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Triton Systems Inc. and Specialty Materials Inc. are teaming in a collaboration keyed to manufacture fiber-reinforced aluminum (FRA).
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Stainless steel scrap prices have fallen further as London Metal Exchange nickel prices dropped below the $7-per-pound mark, and market participants doubt that demand will improve before the summer.
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AK Steel Corp. posted its seventh consecutive quarterly loss in the first three months of this year, but the steelmaker expects an improvement in spot market pricing to play out later this year.
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Hollow structural sections (HSS) demand and pricing are mostly flat, with recent increases holding for spot purchases, market sources told AMM.
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Dearborn, Mich.-based Severstal North America Inc., in a move to optimize material consumption at its mill in Columbus, Miss., has signed Italy’s More Srl to outfit the two 165-ton electric-arc furnaces (EFs) serving the plant’s melt shop with a new pneumatic lime/dolo-lime injection system.
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Tritube USA, a subsidiary of China’s Jiangsu Qiyuan Group, is auctioning off all the equipment at its Baytown, Texas, facility, where it made hollow structural sections (HSS) and sprinkler pipe.
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Allied Tube & Conduit Corp. has extended its current labor agreement with workers at its Harvey, Ill., facility through May 10. The contract had been set to expire April 10.
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Flat-rolled steel prices continue to fall on the West Coast amid indications that some offshore suppliers want to re-enter the market.
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U.S. raw steel output totaled an estimated 1,858,000 net tons last week, down 1.2 percent from 1,880,000 tons the previous week, as mills operated at an average capability utilization rate of 77.6 percent.
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Finnish steel producer Rautaruukki Oyj (Ruukki) has opened sales offices in Toronto and Santiago, Chile, the company said April 23.
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Severstal North America Inc. doesn’t see the steel sheet market turning around for at least another quarter because of global economic uncertainty, import pressure and lackluster demand, its top executive said.
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ATI Allegheny Ludlum Corp., AK Steel Corp. and North American Stainless Inc. have all lowered their stainless steel surcharges on most grades for May.
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Global crude steel output rose 1 percent in March from the same month last year, with production in China and India overcoming stagnation in almost every other major steel-producing country.
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Strength in the long steel products import market seems to have carried beyond the first few months of the year, with traders and buyers saying that attractive foreign prices have allowed for ongoing deals even in a fragile marketplace.
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Inergy Midstream LP has suspended development of its Commonwealth pipeline.
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Michigan Seamless Tube LLC (MST) is getting a $25-million investment from parent company Optima Specialty Steel Inc. to expand its product offerings and increase production capacity at its South Lyon, Mich., facility by between 700 and 1,300 tons per month.