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Stelco Inc., Hamilton, Ontario, has a few thorns to deal with before it finds itself walking the path toward restructuring.
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Little-known Russian metals tycoon Vladimir Lisin could move up the ranks of Russia's super rich when Novolipetsk Iron & Steel Corp., Moscow, launches a roughly $10.3-billion initial public offering (IPO) on the London Stock Exchange (LSE).
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Timken Co. management and representatives of the United Steelworkers union will meet Tuesday in an effort to advance talks aimed at negotiating a labor contract for workers at the company's Canadian Timken Ltd. plant in St. Thomas, Ontario, which makes bearings primarily for the automotive industry.
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Allegheny Technologies Inc.'s Allegheny Ludlum Corp. subsidiary is raising its electrical steel surcharge by 7.9 percent to $340 a ton ($17 per hundredweight), effective with Dec. 1 shipments, from $315 ($15.75 cwt) currently.
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Inseq Corp., Mount Arlington, N.J., has amended its agreement to acquire flat-rolled steel distributor Independent Metal Sales Inc., Hainesport, N.J., for an estimated $7.5 million.
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International Coal Group Inc. (ICG), Ashland, Ky., has listed its common stock on the New York Stock Exchange. "This is an important step in our evolution as one of the leading coal producers in central and northern Appalachia," ICG chairman Wilbur L. Ross said in a statement.
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Tokyo Steel Manufacturing Co. has raised prices for H-beams and hot-rolled coil due to rising iron ore costs, according to a Bloomberg report. Tokyo Steel said the continuing decline in the value of the yen, which the report said fell 14 percent against the dollar, was behind the move.
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Mittal Steel USA, Chicago, plans to increase prices on all tin mill products by 6 percent, effective with Jan. 1 shipments. The company said its existing raw material surcharge on tin mill products would be rolled into the base price before implementation of the increase.
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U.S. Steel Europe will raise prices on carbon flat-rolled products by 20 euros ($24) a tonne starting in the first quarter of next year, following other producers in announcing price increases.
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Siemens Industrial Solutions & Services Group, Erlangen, Germany, has received an order from Voestalpine Grobblech GmbH, Linz, Austria, to equip the 4.2-meter heavy plate rolling mill with new main drive systems.
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Jiangyin Special Steel Works Co. Ltd., Jiangyin, China, has placed an order for a new three-strand bloom caster with Concast AG, Zurich.
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China's crude steel output totaled 31.7 million tonnes in October, an 18.9-percent increase compared with the same month last year, according to the country's National Statistics Bureau.
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World raw steel production registered a 4.6-percent increase to 96.6 million tonnes in October, with China again the main driver behind the gain, according to figures released by the International Iron and Steel Institute, Brussels.
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President Bush once owned the Texas Rangers, a team that met with only a modicum of success during his ownership and one of only five of the 30 Major League Baseball teams never to play in the World Series.
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As the coil coating industry continues to evolve with new developments like near-infrared ovens to cure coatings and roller units for on-the-fly color changes, so too have the companies that make the coatings or paints.
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A narrow vote by the House of Representatives to repeal the Continued Dumping and Subsidy Offset Act, also known as the Byrd Amendment, is being hailed by steel consumers and importers and derided by North American producers.
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North American Stainless Inc. is again planning to expand its plant in Ghent, Ky.
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Court dates have been set for hearings on Stelco Inc.'s restructuring plan, according to the 39th Monitor's Report filed in the Hamilton, Ontario,-based company's bankruptcy case.
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Gerdau Ameristeel Corp., Tampa, Fla., has reached labor agreements covering a small number of workers at two of its operations, but is still working toward agreements with hourly employees at three of its steel plants.
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AK Steel Corp., Middletown, Ohio, has told carbon flat-rolled steel customers that a surcharge of $228 per ton will be added to invoices for products shipped in December, up 18.1 percent from November's surcharge of $193 per ton.
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Carbon strip export prices from the Commonwealth of Independent States (CIS) have fallen $30 a tonne in the past three weeks, with many traders blaming increased shipments from East Asian countries.
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Brazilian merchant pig iron producer Gusa Nordeste SA will continue to hold out for further market improvements before bringing on-stream its third 12,000-tonne-a-month furnace.
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WCI Steel Inc. this week kicked off a second round of bankruptcy court hearings aimed at deciding who will gain control of the steelmaker when it emerges from bankruptcy protection.
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All is quiet on the western front for Ipsco Inc.-and it apparently will remain that way for the next five-plus years.