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Stainless steel scrap consumer buying prices have fallen along with broker/processor prices as market participants report ongoing low demand.
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Timken Co. has completed three capital investment projects totaling $85 million at two of its steel production plants in Ohio.
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As the House and Senate mull proposals for immigration reform, some trade groups have evinced general support for reform while others are holding back as they wait to see what emerges.
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The United Steelworkers union supports immigration reform and believes that a sensible change in policy would benefit the metals industry and the broader economy, a USW official said.
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Brazil’s ArcelorMittal Tubarão has not yet decided on a restart date for its 2.8-million-tonne-per-year No. 3 blast furnace in southeastern Espírito Santo state, as work is still being carried out on the furnace, the steelmaker told AMM sister publication Steel First.
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Russia’s Evraz Group SA has decided against building a rail mill in Brazil, chief executive officer Alexander Frolov said April 11.
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Russian metal and mining companies are focusing on lowering capital expenditures to attract investment and limit exposure, according to speakers at the VTB Capital Investment Forum in New York.
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A senior executive from ArcelorMittal Mexico SA de CV was found dead in a property in the Guacamayas community of Mexico’s southeastern Michoacan state, the local attorney general’s office said April 9.
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Nucor Corp. has lowered its net price for concrete reinforcing bar (rebar) by $15 per ton effective with April 11 shipments following last week’s downturn in scrap prices.
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The Port of New Orleans is seeing renewed growth in steel imports due to the strengthening housing and automotive sectors.
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India’s Jindal Stainless Ltd. (JSL) might cooperate with Posco Ltd. in the South Korean steelmaker’s plan to build a $12-billion steel plant in Odisha, India.
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Iron ore shipments on the Great Lakes totaled 1.9 million tons in March, down 11.3 percent year on year, according to data from the Lake Carriers’ Association.
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An Ohio court has fined Arthur David Sugar Sr. and several of his affiliated companies $850,000 for the improper demolition of the former Weirton Steel Corp. facility in Steubenville, Ohio, which resulted in asbestos contamination.
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Price hikes on commodity steel plate are taking hold on the West Coast, although service center buyers in particular said they have yet to see a corresponding uptick in business.
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Midwest ferrous scrap prices shed at least $20 per gross ton across all grades in April as mill buyers fought off dealer resistance amid lower overall demand.
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Hot-rolled steel sheet prices continue to face an incremental "drift" downward amid aggressive sales tactics and short lead times, market sources told AMM.
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Galvanizer and electrical products maker AZZ Inc.’s net income saw a 48.4-percent boost in fiscal 2013 on higher sales and insurance proceeds related to a fire at its hot-dip galvanizing facility in Joliet, Ill.
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Output cuts by producers of long steel products in countries across the globe could help bring balance to an industry struggling to meet market challenges, according to a short-range forecast by Irepas.
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Mexico’s Altos Hornos de Mexico SAB de CV (Ahmsa) has signed an agreement with China’s Xingxing Hanfang Mining Investment Co. Ltd. for the long-term supply of iron ore.
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China’s iron ore imports and finished steel exports both rose in March compared with the previous month, according to preliminary Chinese customs data.
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The U.S. trade deficit for iron and steel mill products grew 11.5 percent month on month in February to $657 million, as exports slipped and imports rose 4.2 percent, according to the latest Bureau of Economic Analysis data.
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Gerdau Long Steel North America’s leading move to raise rebar prices may not result in higher transaction prices but it could help keep them from falling further in the wake of waning scrap tags.
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Flat-rolled steel prices are falling on the West Coast on what appears to be ample domestic supply from mills both inside and outside the region.
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ATI Allegheny Ludlum Corp. is raising prices on several of its stainless steel products effective May 6 to "support continued growth and investment."