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U.S. and Canadian service centers recorded drops in both steel shipments and inventories in May as market players questioned the ability of domestic mills to stick to their guns on recently announced price moves.
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North American service center sources debated the future health of the aluminum market amid news that U.S. aluminum shipments and inventories dipped in May compared with a year earlier.
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Copper and brass service centers’ lead times have dropped dramatically as a result of an ongoing slump in demand.
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MRC Global Inc. has signed a five-year supply agreement with global technology and specialty materials company Celanese Corp.
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United Pipe & Steel Corp. has received an influx of capital from private equity firm Morgenthaler Private Equity.
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Transportation and logistics providers are working to develop cost-saving innovations for the metals industry, several executives said during a workshop at the Steel Success Strategies XXVIII conference in New York sponsored by AMM and World Steel Dynamics Inc.
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Japan’s Topy Industries Ltd. is investing $13 million in a steel vehicle wheel plant in Mexico.
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RTI International Metals Inc. has landed its first long-term supply contract with a major original equipment manufacturer (OEM) under a program unveiled nearly two years ago aimed at rebuilding its engine business, RTI said, announcing a 13-year deal with Pratt & Whitney Corp. (P&W).
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Environmental concerns about hydraulic fracturing (fracking) are "manageable," newly appointed Energy Secretary Ernest Moniz said in his first testimony before the House energy and power subcommittee.
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Spurred by freight costs, currency exchange rates and lead times, the global automotive industry is realigning its supply base by geography, according to research by the Original Equipment Suppliers Association (OESA).
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The U.S. Commerce Department’s International Trade Administration (ITA) has issued weighted average dumping margins in the final results of an anti-dumping duty administrative review of imports of diamond sawblades from South Korea.
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The number of drill rigs running in the United States increased by six last week.
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Primary metals producers saw both capacity utilization and output fall in May, while fabricators’ activity remained flat compared with April.
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Gulf Copper & Manufacturing Co. has dropped a $6.9-million lawsuit it filed against a foreign-flag barge.
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The maiden flight of the A350 on June 14 marked a milestone not only for Airbus SAS but also for a number of major U.S. contractors, among them suppliers of titanium parts and components.
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Supply constraints in metal foundry, forging and casting capacity servicing the auto industry have caused headaches for some members of the Original Equipment Suppliers Association (OESA).
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Boeing Co. and South Africa are teaming up to develop titanium powder manufacturing technology.
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Aluminum die caster Madison Precision Products Inc. (MPP) has announced a $16-million expansion.
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Piston rings producer Hastings Manufacturing Co. has been purchased by RFE Investment Partners together with Hastings’ management.
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The House Energy and Power subcommittee will hold a hearing June 18 to consider the potential for increased U.S. energy exports.
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U.S. sheet market participants continue to report stable buying activity this week, but some are wary about the onset of the traditional summer slowdown.
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Yamaha Motor Corp. USA has transferred all of its all-terrain vehicle (ATV) production to the United States and has opened a second assembly plant at its Georgia manufacturing operations.
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Airbus SAS has scheduled the maiden flight of its A350 XWB airliner for June 14, in time for next week’s Paris Air Show.
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In the latest in a series of disputes, the largest white-collar union at Spirit AeroSystems Inc. has filed an unfair labor practice charge against the aerospace company.