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Fourth-quarter production cutbacks by North American steelmakers did little to offset a continuing surge in world crude steel production in November, according to statistics released by the International Iron and Steel Institute (IISI), Brussels.
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Chinese stainless producers are likely to keep January domestic list prices unchanged due to sluggish demand, industry participants predict.
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The continuing rise in China’s semi-finished steel exports has sparked new rumors that the government might increase taxes by 5 to 15 percent.
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Despite a raw material surcharge increase, wide-flange steel beams appear destined for their sixth straight month of steady pricing.
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Merchant bar prices will remain flat heading into the New Year, although buyers might wind up paying a little more come February.
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This year’s mild autumn is contributing to a larger amount of cargo being carried on the Great Lakes.
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Merchant bar prices will remain flat heading into the New Year, though buyers might wind up paying a little bit more come February.
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Despite a rise in the raw materials surcharge, wide-flange steel beams appear destined for their sixth straight month of steady pricing.
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U.S. steel mills shipped 8,725,000 net tons in October, down 5.2 percent from 9,199,000 tons the previous month and 1.3 percent behind the 8,839,000 tons shipped in October 2005, according to the latest data from the American Iron and Steel Institute.
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Amfire Mining Co., Latrobe, Pa., has received a permit from the Pennsylvania Department of Environmental Protection (DEP) to open a new underground coal mine in Cresson Township, Cambria County, Pa.
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Industrias Monterrey SA de CV (Imsa), Monterrey, Mexico, is buying a multiblanking line from Herr-Voss Stamco, Callery, Pa., to expand capacity at its service centers.
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U.S. Steel Corp., Pittsburgh, has announced plans to withdraw the listing of its common stock from NYSE Arca Inc., formerly the Pacific Exchange.
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Steel trading company CCC Steel GmbH & Co. KG, Hamburg, Germany, and long products steel producer Grupo Villacero, Monterrey, Mexico, have acquired a 67-percent stake in Adelphia Metals Inc., a Pittsburgh-based distributor of reinforcing bar.
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Commercial Metals Co.’s Polish subsidiary, CMC Zawiercie, is planning to install a new wire rolling line at its long product mill.
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Bankrupt automotive supply giant Delphi Corp., Troy, Mich., has agreed to accept $3.4 billion in financing from a private equity group led by Appaloosa Management LP and Cerberus Capital Management LP.
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Harris Steel Group Inc., Toronto, has agreed to purchase the wire and mesh manufacturing business and assets of LEC Steel Inc., Brantford, Ontario.
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Harris Steel Group Inc., Toronto, has agreed to purchase the wire and mesh manufacturing business and assets of LEC Steel Inc., Brantford, Ontario.
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Steel inventories held by U.S. service centers dipped for the first time in a year during November, falling 1 percent to 16.6 million tons from the previous month’s level, according to Metals Service Center Institute data.
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Steel inventories held by U.S. service centers dipped in November for the first time in a year, falling 1 percent to 16.6 million tons vs. the previous month but still 33 percent higher than in November 2005, according to Metals Service Center Institute (MSCI) data.
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Terra Nostra Resources Corp., Los Angeles, said production trials for the stainless steel strip rolling mill and the expanded casting mill at Shandong Quanxin Stainless Steel Co. Ltd., its 51 percent-owned joint venture company in China, have been completed successfully.
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Claymont Steel Holdings Inc., Claymont, Del., on Monday increased the number of shares in its initial public offering by 1 million to a total of 7.25 million shares.
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Pine Valley Mining Corp., Vancouver, British Columbia, is in the process of finding a new owner.
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ThyssenKrupp AG, Düsseldorf, Germany, has awarded a contract for the modernization of its Beeckerwerth hot strip mill to SMS Demag AG, Düsseldorf.
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Industrias Monterrey SA de CV (Imsa), Monterrey, Mexico, recently purchased a multi-blanking line from Herr-Voss Stamco, Callery, Pa., for the expansion of capacity at its service centers.