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Honda Motor Co. Ltd. says it has developed a trio of technologies that combine steel and aluminum and is applying them to mass-produced vehicles, initially in the North American model of the Acura RLX.
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Steel market participants likely will see some bright spots in 2013, but they must keep a close eye on potential challenges in the form of global competition, ensuring access to affordable energy, and the pace of technological advancements.
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Ford Motor Co. plans to invest nearly $200 million and add 450 new jobs at its Cleveland engine plant to meet rising consumer demand for its 2.0-liter EcoBoost engine.
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Service center operator Russel Metals Inc. has promoted John G. Reid to vice president and chief operating officer.
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Birmingham, Ala.-based service center chain O’Neal Steel Inc. has named Lindsey Patterson regional administrative manager for the Southern region.
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Butler, Pa.-based steel tube and pipe distributor Marmon/Keystone Corp. has named Kevin Jeray account manager on its West Coast sales team.
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Pricing was the largest headwind against earnings power for Reliance Steel & Aluminum Co. for most of last year, and has yet to gain real strength, given demand and capacity utilization and economic uncertainty.
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Global packaging company Rexam Plc posted a moderate increase in revenue last year after regaining a large part of the U.S. beverage can market share that it lost in 2011.
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Service center chain Olympic Steel Inc. posted a fourth-quarter net loss of more than $10.1 million, largely the result of a $6.6-million goodwill impairment charge related to flat products in its southern operations, in contrast to net income of $565,000 in the last three months of 2011.
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Boeing Co.’s largest white-collar union split in a vote on the company’s latest labor contract offer, raising the possibility that technical workers—but not engineers—at the aerospace giant could go on strike.
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The White House has unveiled a new infrastructure plan to upgrade the nation’s roads, bridges and ports, helping U.S. businesses become more competitive globally.
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The Commerce Department’s International Trade Administration (ITA) has issued an affirmative final determination in an anti-dumping and countervailing duty investigation of imports of drawn stainless steel sinks from China.
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MTU Aero Engines Holding AG’s net income rose 9.2 percent in 2012, and the company expects commercial aerospace demand to drive both the group’s revenue and operating profit up 10 to 12 percent in 2013.
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Drew Industries Inc.’s earnings surged in 2012 as the company posted record sales thanks to a strong showing in the recreational vehicle (RV) sector and expansions into new markets.
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Drew Industries Inc. expects results to improve in 2013 thanks to a pickup in the recreational vehicle (RV) market.
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Service centers are reporting extended lead times for certain copper flat-rolled products as copper mills have yet to add additional production, staff or shifts despite an uptick in demand.
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The Commerce Department’s International Trade Administration (ITA) has amended the final results of an anti-dumping duty administrative review of imports of tapered roller bearings from China, citing ministerial errors.
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North American steel shipments rose in January, but steel distributors’ expectations for the first quarter remain tempered due to a sluggish economy and an anemic pricing recovery.
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Aluminum product shipments by U.S. and Canadian service centers fell in January compared with a year earlier, with some market observers blaming the decline on the inability of U.S. lawmakers to come up with a budget plan and potentiasl cuts in government spending.
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West Coast carbon steel plate buyers are viewing the latest move to boost domestic prices with skepticism in light of continuing heavy service center inventories as well as a lack of a pickup in demand outside certain energy pockets.
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Metalformers have taken a rosier view on business conditions, with only 8 percent of those surveyed in February projecting a downturn over the next three months while half expect incoming orders to rise, according to the Precision Metalforming Association.
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A Pennsylvania healthcare organization plans to conduct a $1-million study on the potential health effects of Marcellus shale gas drilling.
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Norsk Hydro ASA’s tie-up with Norway’s Orkla ASA leaves the company in a strong position for when European markets recover, chief financial officer Jørgen Rostrup told AMM sister publication Metal Bulletin.
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In the final results of an anti-dumping duty administrative review of imports of diamond sawblades from South Korea from Jan. 23, 2009, to Oct. 31, 2010, the Commerce Department’s International Trade Administration (ITA) has determined that sales were made at less than normal value and issued weighted-average margins ranging from 3.76 to of 120.9 percent.