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Structural steel fabricator Banker Steel Co. will begin producing remotely constructed building modules at its 50,000-square-foot expansion in Lynchburg, Va., next week as the company sets its sights on a growing market.
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National Tube Supply Co. has broken ground on a new site in Baytown, Texas, that is targeted for completion by year-end.
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TMK Ipsco logged weaker shipments during the first quarter compared with the same period a year earlier due to a declining rig count and high customer inventories, parent company OAO TMK said.
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Prolamsa Group will build a 300,000-ton-per-year welded energy tubulars mill in Bryan, Texas.
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Southwestern Energy Co. has bought natural gas properties in Pennsylvania from Chesapeake Energy Corp. for $93 million, the company said.
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Online marketplace Tru-Markets LLC is selling more than 450,000 feet of surplus corrosion-resistant alloy and carbon oil country tubular goods (OCTG) from London-based energy firm BP Plc, the company said April 30.
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The Steel Manufacturers Association (SMA) has honored Gallatin Steel Co., Gulf States Manufacturers LLC, Nucor Corp., Steel Dynamics Inc. and Steel of West Virginia Inc. for their achievements in social responsibility and innovation.
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U.S. Steel Corp. posted a $73-million net loss in the first quarter as improved results by its tubular and European segments were offset by a weaker performance in the company’s flat-rolled segment.
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Nippon Steel & Sumitomo Metal Corp.’s two trading wings, Nippon Steel Trading Co. and Sumikin Bussan Corp., are set to merge Oct. 1.
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JFE Steel Corp. is looking to slash its costs by 100 billion yen ($1 billion) in the current fiscal year starting April 1, with a big focus on reducing its raw material expenses.
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Hyundai Steel Co. Ltd. saw its net profit plunge in the first quarter amid weak steel prices and lost production resulting from the shutdown of its hot-rolled coil facilities for maintenance, the company said.
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Discounts on structural steel in the form of "foreign fighter" prices, ostensibly aimed at imports, appear to be picking up in certain markets, especially on the West Coast.
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U.S. raw steel output totaled an estimated 1,866,000 net tons last week, up 0.4 percent from 1,858,000 tons the previous week, as mills operated at an average capability utilization rate of 77.9 percent.
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Teck Resources Ltd., one of the largest exporters of metallurgical coal in the global seaborne market, doesn’t plan to start producing coal outside of Canada anytime soon.
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Fourteen senators have called on the U.S. International Trade Commission (ITC) to protect the domestic rebar industry by maintaining anti-dumping duties on concrete reinforcing bar imports from several countries in Asia and eastern Europe.
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MesoCoat Inc.’s recently opened pipe-coating facility in Euclid, Ohio, is developing CermaClad technology that could unlock oil and gas projects in corrosive environments now held back by a dearth of clad pipe, executives say.
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U.S. Steel Corp. has locked out the nearly 1,000 unionized workers at its Lake Erie Works in Nanticoke, Ontario.
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Steel wire rod prices have retreated in April on the back of lower scrap prices, with many market sources having reported signs of weakness in the wire market at the beginning of the year.
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The difficult conditions facing the global metallurgical coal market will probably lead some U.S. mines and companies to go out of business, a senior industry executive said at the 6th Coaltrans Brazil and South America conference in Rio de Janeiro.
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The lockout of unionized workers at U.S. Steel Corp.’s Lake Erie Works will put further pressure on the Ontario ferrous scrap market and could have a trickle-down effect on other major scrap regions, according to market participants.
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U.S. bulk ferrous scrap export prices have dropped significantly as exporters accepted lower bids to secure sales this past week.
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Republic Steel has signed a five-year supply deal with U.S. Steel Corp. to provide tube rounds to the steelmaker’s tubular products division, according to Mexico’s Grupo Simec SAB de CV, Republic’s parent company.
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The number of drill rigs running in the United States fell by four last week, led by Alaska (down five), while Canadian drilling also fell by four rigs compared with the previous week.
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The U.S. International Trade Commission (ITC) is scheduled to make a preliminary injury determination by June 7 in an anti-dumping duty investigation of pre-stressed concrete steel rail tie wire from China, Mexico and Thailand.