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Greenbrier Cos. has turned down a second, sweetened takeover deal from billionaire investor Carl Icahn, with the two sides continuing to trade barbs amid apparent skepticism on Wall Street that a deal, which could create North America’s largest rail car builder, will succeed.
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Carpenter Powder Products, a subsidiary of Carpenter Technology Corp., will raise prices on all bar, plate and finished Micro-Melt powdered metal tool steel products by 7 percent.
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Abakan Inc. has added three members to its advisory board as it looks to expand and bolster relationships with its clients.
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Ametek Specialty Metals Products (Ametek SMP) has upgraded the rolling capabilities at its Eighty Four plant near Pittsburgh.
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Alcoa Power and Propulsion, a division of Alcoa Inc., has signed an agreement with Siemens Energy Inc. to supply blades and vanes for a range of industrial gas turbines.
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Chicago Bridge & Iron Co. NV (CB&I) shareholders have approved the company’s proposed acquisition of Baton Rouge, La.-based Shaw Group Inc.
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Lead-acid batteries will account for just 30 percent of the grid storage market by 2018, with the commercialization of new technologies, such as sodium-sulfur batteries, set to make further inroads, according to a new study.
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General Motors Co. will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share, it said Wednesday, noting that the transaction will close by year-end.
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MesoCoat Inc. expects its pipe-coating facility in Euclid, Ohio, to be operational in January.
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The next-generation Chevrolet Camaro will be assembled at the Lansing Grand River assembly plant in Lansing, Mich., General Motors Co. said Wednesday, citing lower capital investment and improved production efficiencies as key factors in its decision.
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Metal stampers, fabricators and roll formers have backed away slightly from a negative assessment of future economic activity.
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McNichols Co. has expanded its Kennesaw, Ga., service center as customers seek a broader range of products and product specialists.
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St. Lawrence Seaway Management Corp. will begin closing the seaway to navigation in stages for the winter season.
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Greenbrier Cos. has rejected as "inadequate" a $543-million takeover bid by Carl Icahn-held American Railcar Industries Inc. (ARII), although Greenbrier indicated it would consider turning the tables on ARII and making its own acquisition of the rail car builder.
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Steel, scrap and raw materials derivatives are gradually gaining acceptance in a metals industry struggling with unprecedented volatility, and a more widespread use of freight derivatives may be just around the corner, according to executives at a number of the world’s largest brokerage and shipping firms.
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The Port of Houston Authority expects to set a four-year record for steel volumes in 2012 due to rising pipe and tube imports for the region’s growing oil and gas sector, according to one of its top executives.
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Supreme Group, Canada’s largest private steel fabricator and construction business, plans to acquire Pro-V Manufacturing Inc. to bolster its ability to supply the industrial sector in Alberta.
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Union Pacific Railroad Co. has brought a $118,000 lawsuit against AFCO Steel LLC for allegedly failing to pay extra charges it accrued while holding onto Union Pacific’s delivery rail cars for longer than the parties had agreed.
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The U.S. Coast Guard ice-breaking vessel Thunder Bay arrived Friday in Cleveland ahead of the winter season on the Great Lakes to assist other Coast Guard ice-breakers during Operations Coal Shovel and Taconite, the largest ice-breaking operations in the country, according to the Coast Guard.
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Commerce has issued an affirmative final anti-dumping duty determination on imports of utility-scale wind towers from China and Vietnam and an affirmative final countervailing duty determination on imports from China.
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Capacity utilization rates at primary metals producers rose last month, as did the industry’s index for industrial production.
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Billionaire investor Carl Icahn’s proposal to gain control of Greenbrier Cos. could lead to the merger of two of the largest U.S. rail car manufacturers.
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Contractors hired by the U.S. Army Corps of Engineers have begun blasting away at exposed rock formations in the Mississippi River at Thebes, Ill., in order to permanently improve the navigable channel there for barge traffic.
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U.S. distributors’ steel shipments fell 3.5 percent on a per-day basis in November compared with a month earlier, but market players say some of that weakness has abated in December as buyers who reduced inventory too sharply ahead of the holidays were forced to re-enter the market for tons.