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The Federal Motor Carrier Safety Administration has renewed the Flatbed Carrier Safety Group’s exemption allowing specific methods for securing metal coils.
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North American Energy Partners Inc. (NAEP) is selling its piling business to Keller Group Plc for net proceeds of about Canadian $210 million ($206.1 million).
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Michigan Steel Inc.’s assets and real estate are slated for auction July 10 after the foundry went into default earlier this year.
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JMC Steel Group Inc. held an official opening ceremony June 11 for its Sharon Tube Co. subsidiary in Wheatland, Pa.
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Consumer and broker/processor buying prices for 300-series stainless scrap have fallen again as market participants brace for a particularly slow summer.
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International trading house Steelcom S.A.M. is growing its steel trading business in the United States to take advantage of expanding pipe and tube demand amid the shale gas boom, the company’s top executive told AMM.
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Timken Co., whose shareholders voted last month in favor of a nonbinding proposal to spin off its steel business from its other business units, has formed a strategy committee to evaluate the possibility and to review the company’s corporate governance and capital-allocation strategy.
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Industry veteran John Foster’s Partners in Steel International LLC has teamed up with a consortium of investors, including trading house Kurt Orban Partners, to form a special bar quality (SBQ) distribution company aimed at serving the energy, automotive, capital equipment and agricultural sectors.
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Alpha Natural Resources Inc. has idled its mine in Boone County, W.Va., due to challenging market conditions and weak metallurgical coal demand.
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Long steel imports into Brazil fell by 16 percent year on year in May to less than 60,000 tonnes.
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U.S. raw steel output totaled an estimated 1,851,000 net tons last week, up 0.4 percent from 1,844,000 tons the previous week, as mills operated at an average capability utilization rate of 77.3 percent.
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Japanese steel demand is showing more signs of heading for recovery, with manufacturing sector orders rising in April.
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Steel slab exports from Brazil fell by more than 50 percent year on year in May, according to figures from the country’s foreign trade ministry, MDIC.
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Midwest ferrous scrap prices outperformed pre-trading speculation this month as late cues from steel mills offered glimpses of a better market.
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Minimum prices for imported Russian hot-rolled steel under the suspension agreement have fallen 5.04 percent, the third consecutive quarterly decline.
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U.S. Steel Corp. has made a number of executive management appointments effective July 1, the company said June 10.
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Members of the United Steelworkers union at U.S. Steel Corp.’s tubular operations in McKeesport, Pa., ratified a new labor contract by a two-to-one margin June 7, a union spokesman told AMM.
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Primary stainless steel prices have eased further in recent weeks on the back of lower surcharges, with market participants reporting shorter lead times moving into the summer.
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North American coal producer Corsa Coal Corp. sold 83,000 tons of clean metallurgical coal in its fiscal second quarter, bringing its year-to-date sales to 119,000 tons.
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Merchant pig iron producers from Brazil’s northern region of Carajás have closed an export deal with a Mexican buyer at $408 per tonne c.f.r., a well-placed source told AMM sister publication Steel First June 7.
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Brazilian miner Vale SA remains optimistic about the likelihood of China accepting its Valemax vessels despite setbacks, a company executive said June 10.
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The Mexican Secretariat of Economy has opened an anti-dumping investigation into imports of galvanized wire mesh from China.
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The number of drill rigs running in the United States fell by six last week.
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Esmark Steel Group LLC, Chicago Heights, Ill., has entered into an agreement with Partners in Steel International LLC to sell its special bar quality (SBQ) assets as the service center effectively exits the steel bar business.