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SMS Demag AG, Düsseldorf, Germany, plans to purchase the 50-percent stake in Millcraft-SMS Services LLC, Washington, Pa., it doesn't already own.
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Algoma Steel Inc., Sault Ste. Marie, Ontario, said the Ontario Superior Court of Justice will hear arguments Jan. 5 on the application by U.S.-based hedge fund Paulson & Co. Inc. to advance the date of the company's shareholders' meeting.
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Jeff Grimm and Todd Link, engineers at U.S. Steel Corp., Pittsburgh, have been selected to receive the 2005 SAE International/American Iron and Steel Institute Sydney H. Melbourne Award for Excellence in the Advancement of Automotive Sheet Steel.
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Chaparral Steel Co., Midlothian, Texas, has completed an offer to exchange its 10-percent senior notes due 2013, which are registered under the Securities Act of 1933, for outstanding 10-percent senior notes due 2013 that were issued in a private offering in June.
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About 1,000 members of the United Steelworkers union have ratified new labor agreements with Ipsco Inc., Lisle, Ill.
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ThyssenKrupp AG, Düsseldorf, Germany, has mailed a circular to Dofasco Inc.'s shareholders detailing its offer for the Canadian steelmaker.
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A four-week trial in Madison County, Ill., resulted in a jury verdict that welding industry attorneys said shows there is no link between mild steel welding and Parkinson's disease or similar disorders.
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Citing strength in its building products segment, Quanex Corp., Houston, posted record sales during its fiscal fourth quarter and year ended Oct. 31.
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Japanese exports of iron and steel products totaled 2.4 million tonnes in October, down 4.2 percent from October 2004, according to figures from the Japan Iron & Steel Federation (JISF).
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Next year's benchmark prices for hard coking coal are expected to remain on par with this year, but semi-soft and pulverized coal injection (PCI) products will fall between 10 and 20 percent, analysts in Australia said.
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Algoma Steel Inc.'s largest shareholder is seeking to move up the date for a special meeting where it will seek to replace a majority of the Sault Ste. Marie, Ontario,-based company's directors.
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South African steel processor Scaw Metals Group has agreed to acquire Stelco Inc. subsidiary AltaSteel Ltd., Edmonton, Alberta.
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Creditors of the former Georgetown Steel Corp. have finally secured some of the money owed to them, two years after the company filed for bankruptcy protection.
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The American Institute for International Steel (AIIS) has appointed Arnold Nesbitt, director of international sales and marketing at Union Pacific Railroad Co., to its board of directors.
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Prices for European wire rod have fallen considerably as the market begins to stagnate on wary buying trends at the same time that scrap prices escalate further. More numerous shipments of cheap material from China have compounded the problem, traders said.
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An anti-dumping case against imports of carbon and alloy steel wire rod from China, Germany and Turkey has started to move forward.
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Stelco Inc., Hamilton, Ontario, has again requested an adjournment of a creditor meeting slated for Dec. 2 as it attempts to put the finishing touches on a revised restructuring plan, but it is upbeat it can emerge from protection under the Companies' Creditors Arrangement Act early next year.
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In an effort to focus on its core business, Iron Ore Co. of Canada (IOC) has transferred its passenger rail service to a private railroad firm.
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Neenah Foundry Co., Neenah, Wis., said it won't pursue a potential sale or merger and will instead focus on executing its business plan.
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Stelco Inc., Hamilton, Ontario, has again requested an adjournment of a creditor meeting slated for Dec. 2 as it attempts to put the finishing touches on a revised restructuring plan, but it is upbeat it can emerge from protection under the Companies' Creditors Arrangement Act early next year.
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Steel Dynamics Inc. (SDI), Fort Wayne, Ind., plans to expand its mill in Pittsboro, Ind., to meet growing demand from customers for special bar quality (SBQ) bar.
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Mitsubishi Corp. has signed a memorandum of understanding to acquire a 7.2-percent stake in Toronto-based iron ore producer Baffinland Iron Mines Corp.
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John P. Surma Jr., president and chief executive officer of U.S. Steel Corp., Pittsburgh, will take on the additional post of chairman effective Feb. 1. He succeeds Thomas J. Usher, who will retire as chairman and a director at the end of January.
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Raw steel output in the United States totaled 1,993,000 tons last week, up 1.9 percent from 1,956,000 tons produced the previous week, as mills operated at an average capability utilization rate of 86.3 percent. Indiana-Chicago and the West were the only regions to buck the trend.