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Technical members of Boeing Co.’s largest white-collar union have ratified a new labor agreement, reversing an earlier vote and defusing the possibility of a strike.
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Members of the Precision Metalforming Association (PMA) have seen little change in shipments this month compared with February and largely expect the newfound stability to persist in the months ahead, according to a PMA survey.
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Whirlpool Corp. is appealing the Commerce Department’s determination in an investigation of imports of large residential washers from South Korea.
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Timken Co. is challenging the final results of an anti-dumping duty administrative review of imports of tapered roller bearings from China from June 1, 2010, to May 31, 2011.
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A rebound in steel product imports is in the works, according to the Tampa Port Authority, with a burgeoning domestic real estate sector and new transportation options lending the market some renewed strength.
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MRC Global Inc. is turning its focus on Iraq, entering an agreement under which North America Western Asia Holdings LLC (Nawah) will sell its pipe, valve and fitting (PVF) products in the country.
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Webco Industries Inc. posted a sharp drop in sales and earnings in its fiscal second quarter as it experienced lower volume, a less-favorable product mix and weak spot pricing.
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Although a recessionary climate in Europe will offset expected overall gains in the automotive sector this year, Tier I suppliers to the industry are relocating some capacity to meet growth opportunities in other regions, with North America continuing to be a bright spot for automotive demand.
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Aluminum product shipments from service centers in the United States and Canada fell in February compared to the same month last year, leaving market participants debating whether the pullback represents a short-term blip or something more.
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It might be March Madness for college basketball but it’s proving to be more a month of malaise for steel distributors, who aren’t seeing much upward movement in demand or spot pricing despite recent price hike attempts.
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Mexican steelmakers must produce more specialty and value-added steel products, especially for the automotive sector, to replace imports that have been affecting the local industry, the president of the country’s Association for Iron and Steel Technology (AIST) told AMM sister publication Steel First.
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Kinder Morgan Energy Partners LP has completed the sale of its one-third interest in the Express-Platte Pipeline System to Houston-based Spectra Energy Corp. for around $380 million.
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Aluminum extruders are likely to see improved demand from the automotive industry as a result of stricter fuel economy standards in the United States.
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The U.S.-South Korea free-trade agreement, which went into effect a year ago, has hurt steel and manufacturing more than it has helped the industries, according to the United Steelworkers union.
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Edgen Group Inc. expects the first half of this year to be sluggish amid continued soft bookings in its energy and infrastructure segment and pricing pressure on all products, particularly in its oil country tubular goods (OCTG) segment, according to chairman and chief executive officer Dan O’Leary.
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Pipeline projects such as Keystone XL have encountered delays because of environmental concerns, but that has had the unintended effect of pushing oil producers towards rail.
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Michael W. Sutherlin, the president and chief executive officer of mining equipment maker Joy Global Inc., will retire at the end of the year, the company said.
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Morgan Stanley analysts see the trend of "crude by rail" growing in the next two years as domestic oil output ramps up, although they said the trend is unlikely to threaten pipelines in the long term.
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The fragmented steel service center industry must consolidate further to combat overcapacity issues, which dilute the sector’s purchasing power, industry executives said this week.
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The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have taken another step toward a new master contract covering 15,000 workers at 14 major East and Gulf coast ports after both groups approved a tentative agreement March 13.
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Timken Co. has purchased Interlube Systems Ltd. as part of its continued push to diversify into new markets, the steel and bearings manufacturer said.
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Shipping scrap by rail poses a variety of challenges, and some new stumbling blocks could emerge in the near future, an executive at one of North America’s largest providers of rail products and services said.
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A machine at service center chain Olympic Steel Inc.’s Bettendorf, Iowa, facility caught fire in the early hours of March 12, according to the city’s fire department.
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Global automotive sales are expected to rise 3 percent this year even though the ongoing European debt and austerity crisis will continue to dampen demand in the region, according to an executive of an automotive market intelligence firm.