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The oil and rail sectors are experiencing a modern renaissance, with the two becoming more closely linked than ever as the U.S. energy sector booms.
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Dynacast International Inc. is now offering metal-injection molding (MIM), allowing the company to expand its ability to produce small, complex components using a wider variety of metals.
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The Michigan Strategic Fund has approved state incentives to support expansions at eight automotive parts and systems manufacturers. The companies are planning to invest nearly $500 million combined and create almost 3,000 jobs.
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Bonnell Aluminum Inc. will invest $17 million over the next 12 months to expand extrusion capabilities at its Newnan, Ga., facility, the company said Feb. 12.
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A U.S. Securities and Exchange Commission (SEC) rule requiring that publicly reporting companies determine whether they use conflict minerals could pose a challenge for service centers, chairman and chief executive officer of Reliance Steel & Aluminum Co. David H. Hannah said.
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RTI International Metals Inc. is approaching its profitability benchmark for the Boeing 787 Dreamliner, although it’s not yet ready to predict that it will begin making money on the much-delayed aircraft in 2013.
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Copper and brass mill Aurubis Buffalo Inc. has seen an uptick in demand from the ammunition, heating, ventilation and air-conditioning (HVAC), telecommunications and electronics sectors, a top executive said.
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L.B. Foster Co. enjoyed a strong finish to 2012.
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Valmont Industries Inc. has acquired Australian company Locker Group Holdings Pty. Ltd., its third purchase in recent months.
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A Texas stevedoring company is seeking a federal court judgment that would indemnify it from paying damages in a dispute between shipping company Western Bulk AS and subsidiaries of ArcelorMittal SA.
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Mexico exported far fewer automobiles to Latin America in January than it did a year earlier, but it boosted its overall exports by 14.2 percent to 178,562 vehicles by expanding shipments to North America, Asia, and Africa, according to Mexican automotive association Amia.
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TC PipeLines LP recorded net income of $30 million in the fourth quarter, down 21 percent from $38 million in the same period a year earlier, on cash flows that fell 38 percent to $51 million from $82 million as the partnership entered into more rate cases with shippers, lowering revenue but stabilizing cash flow.
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Atkore International Holdings Inc. said it sees its end markets improving in the second half of the year as nonresidential construction begins to pick up slightly.
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A nearly five-month-long strike at Russel Metals Inc.’s Acier Leroux long products plant in Boucherville, Quebec, has been resolved, the company and the union said separately Feb. 8.
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Operations at Cargill Inc.’s East Chicago, Ind., service center are back online after being temporarily halted when an employee was injured in a Jan. 23 accident.
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The Commerce Department’s International Trade Administration (ITA) has rescinded an anti-dumping duty administrative review of imports of brass sheet and strip from Japan from Aug. 1 to July 31, 2012.
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In a preliminary ruling in an anti-dumping duty administrative review of imports of ball bearings from Germany from May 1 to Sept. 14, 2011, the Commerce Department’s International Trade Administration (ITA) said the product was not sold at less than normal value and rescinded the review with respect to Kongskilde Ltd., Schaeffler Technologies GmbH & Co. KG and SKF GmbH.
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Preparing for disaster is no easy task, and while metal distributors can take certain measures to help mitigate losses—having flood, hazard, business interruption insurance, generators and remote Internet servers—it’s not enough to cover the cost of business for a lengthy period.
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When the economy faltered in 2008 and 2009, banks’ relationships with their commercial customers changed.
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Reliance Steel & Aluminum Co. has become a powerhouse in the U.S. service center industry through its acquisitions, consistently ranking No. 1 as measured by revenue.
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There are some bright spots for steel as signs point to growth in the automotive, agricultural equipment, oil and gas, and mining markets, but the extent to which demand improves this year remains to be seen, market players say.
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South Korean steelmaker Posco Ltd. is investing about $45.9 million to build two new service centers in Mexico to provide steel products to the country’s automotive and durable goods sectors.
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China exported $45.6 billion of manufactured steel goods to Latin America last year, an 11-percent increase from 2011.
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Service center operator Metals USA Holdings Corp. posted net income of $3.7 million for the fourth quarter, down 73.6 percent from $14 million in the same period a year earlier, on sales that slipped 4 percent to $437.5 million.