Top Storieshttp://www.amm.comhttp://feeds.feedburner.com/amm/lYqlTo emulate the stories captured in positionid 2607061©2015 www.amm.com60Top StoriesMidwest ferrous scrap mart braces for Feb. hitMidwest ferrous scrap prices are poised to plummet in February amid a whirlwind of economic woes that have hurt steelmakers.http://www.amm.com/Article/3421223/Midwest-ferrous-scrap-mart-braces-for-Feb-hit.htmlMon, 26 Jan 2015 21:18:00 GMTWeitsman stake rises in Metalico Adam Weitsman has continued to purchase Metalico Inc. stock and now holds an ownership interest just shy of 10 percent. http://www.amm.com/Article/3421212/Weitsman-stake-rises-in-Metalico.htmlMon, 26 Jan 2015 19:51:00 GMTArcelorMittal idling Indiana Harbor EF, bar millArcelorMittal SA plans to idle the electric-arc furnace (EF) and bar mill at its Indiana Harbor Long Carbon plant in East Chicago, Ind. http://www.amm.com/Article/3421214/ArcelorMittal-idling-Indiana-Harbor-EF-bar-mill.htmlMon, 26 Jan 2015 20:24:00 GMTNLMK USA’s sales increase in 2014OJSC Novolipetsk Steel’s (NLMK’s) U.S. operations saw sales surge in 2014 on the back of robust demand, although demand tailed off toward year-end, the Lipetsk, Russia-based steelmaker indicated in a Jan. 26 report. http://www.amm.com/Article/3421196/NLMK-USAs-sales-increase-in-2014.htmlMon, 26 Jan 2015 19:00:00 GMTCliffs nixes quarterly dividend to cut debtCliffs Natural Resources Inc. eliminated its quarterly dividend to help reduce debt obligations effective with the first quarter, and cut its net debt balance by more than $400 million over the past four months.http://www.amm.com/Article/3421136/Cliffs-nixes-quarterly-dividend-to-cut-debt.htmlMon, 26 Jan 2015 16:25:00 GMTCaterpillar switching parts outputCaterpillar Inc. is restructuring part of its Joliet, Ill., manufacturing facility and consolidating two facilities in Georgia and North Carolina. http://www.amm.com/Article/3421208/Caterpillar-switching-parts-output.htmlMon, 26 Jan 2015 19:37:00 GMTMarket-rate power mulled for NorandaAmeren Missouri has proposed a new power rate contract for Noranda Aluminum Holding Corp.’s New Madrid smelter that would utilize "market-based pricing" for electricity. http://www.amm.com/Article/3421213/Market-rate-power-mulled-for-Noranda.htmlMon, 26 Jan 2015 20:08:00 GMTStarcore to acquire Creston Moly for $1.6MStarcore International Mines Ltd. has entered into an agreement to acquire all of Creston Moly Corp.’s shares from Mercator Minerals Ltd. for Canadian $2 million ($1.6 million).http://www.amm.com/Article/3421210/Starcore-to-acquire-Creston-Moly-for-16M.htmlMon, 26 Jan 2015 19:39:00 GMTISA hires Alvis as manager of Wessco unitIndustrial Services of America Inc. (ISA) has appointed Tony Alvis as business unit manager for its Waste Equipment Sales & Service Co. (Wessco) division.http://www.amm.com/Article/3421179/ISA-hires-Alvis-as-manager-of-Wessco-unit.htmlMon, 26 Jan 2015 18:12:00 GMTMaine recycler eyes 4th siteA Maine recycler is considering opening a fourth location as a staging area equipped with rail access in an effort to consolidate materials collected from its other facilities and neighboring scrap dealers. http://www.amm.com/Article/3421197/Maine-recycler-eyes-4th-site.htmlMon, 26 Jan 2015 18:59:00 GMTConstruction slips at end of strong yearSharp falloffs in nonresidential and nonbuilding construction pushed new construction starts down 16.2 percent in December vs. the previous month, but the full year ended 7.2 percent ahead of 2013, according to a key index. http://www.amm.com/Article/3421215/Construction-slips-at-end-of-strong-year.htmlMon, 26 Jan 2015 20:36:00 GMTSimec says rebar duties will not hurt resultsAnti-dumping duties recently imposed by the United States on rebar imports from Mexico will not significantly impact Grupo Simec SAB de CV’s results due to the small volume of rebar shipments to the country, the company said Jan. 26. http://www.amm.com/Article/3421227/Simec-says-rebar-duties-will-not-hurt-results.htmlMon, 26 Jan 2015 22:04:00 GMTEssar to supply plate for shipbuilding projectEssar Steel Algoma Inc. is poised to benefit from a Canadian $2.3-billion ($1.85-billion) contract to supply six new Arctic patrol ships to the Royal Canadian Navy.http://www.amm.com/Article/3421178/Essar-to-supply-plate-for-shipbuilding-project.htmlMon, 26 Jan 2015 17:44:00 GMT