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The relationship between spot and contract steel markets, the ownership of two of the largest scrap dealers in the United States by domestic steelmakers and the purchasing decisions made abroad are seen as crucial factors to understanding the short-term gyrations in steel pricing, according to a panel of Association of Steel Distributors (ASD) members.
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Johnson Controls Inc. (JCI) posted record net income for its fiscal first quarter ended Dec. 31 on a 14.6-percent gain in sales, leading it to raise its profit outlook for fiscal 2010 amid expectations of continuing market improvement.
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During harsh economic times, it’s important not to be harsh on companies’ No. 1 assets—employees, according to tubular industry managers.
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Although demand for steel products is still largely weak compared with levels seen prior to the Great Recession, members of the Association of Steel Distributors (ASD) said they must consider what might happen with both supply and pricing if demand grows beyond current expectations.
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In what must be one of the lowest-key startups of a major U.S. titanium facility in recent memory, Allegheny Technologies Inc. (ATI) said it has launched operations at its new premium-grade aerospace sponge plant in Rowley, Utah.
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McNichols Co. has named longtime executive Scott McNichols president. He succeeds Herbert T. Goetschius, who is taking on a more strategic role as vice chairman, the company said.
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Paul Mueller Co. has begun recalling workers to again start building industrial processing equipment primarily out of stainless steel.