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Arcelor SA, Luxembourg, whose unsolicited offer for Dofasco Inc. is aimed at making inroads into the North American automotive market, still considers itself the best suitor for the Hamilton, Ontario,-based steelmaker.
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The Canadian federal government will contribute Canadian $30 million ($25.7 million) to the cost of Stelco Inc.'s proposed near-term energy cogeneration projects, the Hamilton, Ontario,-based steelmaker said.
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The number of drill rigs running in the United States rose by 13 last week, with the largest increase in Texas (up 14), while Canadian drilling activity jumped by 12 rigs.
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SeverCorr LLC, the joint venture between Russia's JSC Severstal and SteelCorr LLC, Birmingham, Ala., has placed an order with German plantmaker SMS Demag AG, Düsseldorf, Germany, to supply the production facilities for its new steel works.
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Russia's JSC Severstal will consider a U.S. or European share offering when it completes a restructuring plan.
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The United Steelworkers union is urging representatives of Heico Cos. LLC to get out of court and back to the bargaining table after losing a legal battle over the date of an injunction hearing.
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Metals processor Gibraltar Industries Inc., Buffalo, N.Y., has priced at 8-percent interest an offering of $204 million in senior subordinated notes due 2015, which it intends to use to repay debt.
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United Coal Co. (UCC), Teays Valley, W.Va., has purchased the assets of White Mountain Mining Co. LLC and certain affiliates, adding more than 60 million tons of recoverable high-quality, low-volatile metallurgical coal to its reserves.
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Mittal Steel Co. NV, Rotterdam, has completed its $4.8-billion acquisition of a majority stake in long products maker JSC Krivorozhstal, Ukraine's largest steelmaker.
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Stelco Inc., Hamilton, Ontario, has reached an agreement to sell its Norambar Inc., Stelfil Ltee and Stelwire Ltd. assets to Mittal Canada Inc., an affiliate of Mittal Steel Co. NV, Rotterdam.
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Setbacks in repairs at the Buchanan metallurgical coal mine have prompted Consol Energy Inc. to push back the mine's reopening to mid- to late December.
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China's increasing demand for iron ore will slow next year as steelmakers shutter inefficient production capacity and domestic prices remain sluggish, according to the Chinese government.
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Algoma Steel Inc.'s board of directors has called a special meeting of shareholders to review what it called a "novel" approach to the company's financial future by one of its major shareholders.
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Parties involved in the reorganization of WCI Steel Inc., Warren, Ohio, are moving from the courtroom to the meeting room to consider a revised restructuring proposal offered by the company's noteholders.
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A Minnesota state agency has issued air and water permits to Northshore Mining Co., Silver Bay, Minn., which is looking to expand into iron ore concentrate production for eventual use by the steel industry.
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High-strength steel sheet and plate producer Swedish Steel AB (SSAB), Stockholm, Sweden, will use the Port of Albany as its new winter port starting next month and continuing through March, port and city officials in Albany, N.Y., said.
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Laminated steel producer Material Sciences Corp., Elk Grove Village, Ill., has named Clifford D. Nastas to succeed chief executive officer Ronald L. Stewart, who is retiring effective Dec. 1.
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Venezuela's International Briquettes Holding (IBH), Caracas, is seeking partners to restart its idled 400,000-tonne-a-year Fior HBI plant in Puerto Ordaz.
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Pipemaker Tenaris SA has offered to acquire Buenos Aires-based Acindar Industria Argentina de Aceros SA's welded pipe assets and facilities in Villa Constitucion for around $28 million.
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A lack of Senate support likely will prevent the Continued Dumping and Subsidies Offset Act (CDSOA)-the so-called Byrd Amendment-from flying south.
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A Mittal Steel USA worker has died from burns sustained in an accident at the company's Indiana Harbor plant in East Chicago, Ind.
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Timken Latrobe Steel, a unit of Timken Co., Canton, Ohio, plans to increase prices on all remelted aerospace alloys between 3 and 8 percent, effective with all new orders received beginning Dec. 1.
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Raw steel output in the United States totaled 1,956,000 tons last week, down 1 percent from 1,976,000 tons produced the previous week, as mills operated at an average capability utilization rate of 84.6 percent.
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WCI Steel Inc., Warren, Ohio, plans to increase transaction prices on all hot-dip galvanized culvert coil, sheet and poly-coated products by $30 a ton effective with shipments Dec. 1.