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Steel service centers are sitting out of the market amid concerns about building inventories as business remains slack after registering mixed shipping results in March.
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Superior Industries International Inc. plans to build a new aluminum wheel manufacturing plant in Chihuahua, Mexico.
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Seven of nine prime and scrap metal price indices tracked by the U.S. Bureau of Labor Statistics declined month on month in March, and all but one index was weaker year on year.
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Mirroring sentiments from nearly all other links in the manufacturing supply chain, metalformers say they’re doing well—if they’re selling into the auto industry. Otherwise, they are waiting for other end-use markets to pickup.
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GBC Metals LLC, part of Olin Brass Inc., plans to increase prices for its light-guage, narrow-width and specialty finish products beginning with June 28 shipments.
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While the volume of container shipments to the United States is likely to increase as a result of the Panama Canal expansion, dry bulk shipments, such as iron ore and coal, could gain little or no traction due to higher fuel rates, according to one industry analyst.
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Diehl Steel Co. has installed a new plate mill that can custom machine material up to 30 inches wide by 50 inches deep by 12 inches high.
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U.S. ports are doing what they can to meet future freight capacity needs with insufficient federal funding, but the U.S. risks losing out on the global stage if it doesn’t step up its infrastructure investment, two industry executives told a Senate committee hearing.
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The rail and trucking industries will be ready for any increase in freight that could arrive at U.S. ports once the Panama Canal expansion is complete, industry spokesmen told a Senate committee.
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Aluminum wheel manufacturer Superior Industries International Inc. has named executive vice president and chief financial officer Kerry A. Shiba to its board of directors.
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Duct tape won’t cut it for U.S. Sen. Jay Rockefeller (D., W.Va.), who wants the United States to strategically invest in its transportation network for the long term.
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Service centers will be affected by the conflict minerals reporting requirements coming into force in 2014 as many of their customers are subject to the rules.
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Reliance Steel & Aluminum Co. has completed its previously announced purchase of Metals USA Holdings Corp. for $1.24 billion, comprising $20.65 per share ($786 million) in cash for shareholders and the assumption of $454 million in debt.
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The time is ripe for borrowing money and making acquisitions, according to Alan Beaulieu, president of ITR Economics and chief economist of the Copper and Brass Fabricators Council.
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Citing an appreciation in China’s yuan, the U.S. Treasury Department declined to name the Asian nation a currency manipulator in a semi-annual report to Congress released April 12.
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HD Supply Holdings Inc., the indirect parent company of industrial distributor HD Supply Inc., has filed a registration statement for a proposed IPO.
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The U.S. Commerce Department’s International Trade Administration has issued the final results in a countervailing duty administrative review of imports of kitchen appliance shelving and racks from China from Jan. 1 to Dec. 31, 2010.
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In the final results of an anti-dumping duty administrative review of imports of magnesia carbon bricks from China from March 12, 2010, to Aug. 31, 2011, the Commerce Department’s International Trade Administration (ITA) has issued a margin of 236 percent for Yingkou Byuquan Refractories Co. Ltd.
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Consolidation in the copper service center industry is likely to pick up over the next few years, ABC Metals Inc. president Daniel Kendall told AMM.
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Trading house Cargill Inc. has appointed Gerald Tan international ferrous trading manager for its metals supply chain business.
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Both sales and production in the Chinese automobile sector jumped in March, the China Association of Automobile Manufacturers (CAAM) said April 12.
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The delay in approving TransCanada Corp.’s proposed Keystone XL pipeline has significantly hurt manufacturers tied to the industry, the senior executive of a valve maker testified during a hearing on a proposed law that would expedite approval of the controversial project.
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The recent oil spill from ExxonMobil Pipeline Co.’s Pegasus pipeline in Arkansas could affect the public’s view of pipeline safety, experts say.
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The White House’s recently unveiled budget was met with skepticism by steel interests, who say the plan's proposed infrastructure spending and tax increases are likely to be a mixed bag for the industry.