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Proceeds from ArcelorMittal SA’s sale of a 15-percent stake in its Canadian unit will be used to fund the expansion of its iron ore mining operations in Liberia, the company told AMM sister publication Steel First.
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The North Carolina Senate is set to vote on a bill that will determine the use of certain green building rating systems in the state.
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The majority of flat and long steel traders expect U.S. imports to hold steady or decline over the next two months, according to an American Institute for International Steel (AIIS) survey.
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U.S. mills shipped some 7.98 million net tons of steel in April, up 0.7 percent from 7.92 million net tons the previous month but down 3.2 percent from 8.25 million net tons in the year-ago period, according to data from the American Iron and Steel Institute.
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AK Steel Corp. expects to post a bigger second-quarter net loss due to a planned blast furnace outage at one of its facilities, lower selling prices for carbon flat-rolled products and several tax expenses. However, the company expects pricing to improve in coming months.
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Friedman Industries Inc.’s net income fell in its fiscal year ended March 31 on the back of a sharp drop in fourth-quarter earnings.
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Specialty and stainless steel alloy producer Electralloy will temporarily shut down its Oil City, Pa., melt shop and Titusville, Pa., wrought products facility from July 21 to July 28 for annual maintenance.
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Severstal North America Inc. has introduced new firm pricing options for quarterly and six-month spot buying of sheet products.
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The United States and several other countries have agreed to work with the West African country of Guinea to improve transparency in its extractive industries.
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The West Coast has joined the latest round of flat-rolled steel price hikes, with California Steel Industries Inc. (CSI) raising tags effective June 14.
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Mexico’s Super Diesel SA de CV (Sudisa) has named Luxembourg-based Tenaris SA an "excellent supplier for 2012" for its on-time deliveries of defect-free material as well as its quantity compliance.
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Prices for metal scrap, ores and primary metal products all fell last month with the exception of titanium, the latest Bureau of Labor Statistics report shows.
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The number of drill rigs running in the United States increased by six last week.
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The number of Brazilian anti-dumping investigations involving China is expected to rise over the next few years as local companies become "more aware" of their trade defense options.
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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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Cascade Steel Rolling Mills Inc., a subsidiary of Schnitzer Steel Industries Inc., escaped any damage from a tornado that struck McMinnville, Ore., June 13, according to Rich Leipfert, the city’s fire chief.
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Tenaris SA’s new seamless oil country tubular goods mill in Bay City, Texas, has been approved for an incentive package by the state’s Matagorda County.
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The U.S. Commerce Department’s International Trade Administration (ITA) has issued an affirmative preliminary determination on imports of silica bricks and shapes from China.
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More domestic steel mills are said to have increased base prices on sheet products in a move sources predict will help bring in buyers off the sidelines.
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The Canadian International Trade Tribunal has opened an investigation into whether the alleged dumping of cold-drawn carbon or alloy galvanized wire from China, Israel and Spain and the alleged subsidy of the same product from China is causing injury to the Canadian industry.
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Steel trader Duferco SA and U.S. subsidiary Duferco Steel Inc. have sued the vessel M/V Blue Ocean for allegedly failing to discharge a shipment of steel wire rod from China when it arrived at the Port of Houston.
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Spot prices for most special bar quality (SBQ) products have slipped slightly this month compared with May amid short lead times, plentiful inventories, stable input costs and languishing demand outside of automotive, buyer sources told AMM.
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Hollow structural sections (HSS) mills are raising prices, but not in a uniform manner, market sources told AMM.
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Output at ThyssenKrupp Cia. Siderúrgica do Atlântico Ltda.’s (CSA’s) 5-million-tonne-per-year slab plant in Brazil’s Rio de Janeiro state has been affected by problems at one of its blast furnaces.