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President Bush signed an energy bill into law Wednesday that will require that all cars and light trucks achieve at least 35 miles per gallon of gasoline by 2020. The bill also requires an increase in the use of ethanol in motor vehicles and upgrades to government buildings to make them more environmentally friendly.
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Hot on the heels of being grounded, the sale of ArcelorMittal USA Inc.’s Sparrows Point, Md., plant might again be ready to fly with a new investor said hanging in the wings.
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General Motors Corp., Detroit, plans to increase prices on most 2008 model-year vehicles in an attempt to partially recover higher steel and commodity costs.
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The metallurgical coal industry is apparently the place to be, with prices seemingly poised to head higher and mining companies expanding and acquiring interests in the sector.
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Steel industry consolidation is expected to continue in 2008, although the pace could slow as the number of attractive assets falls and countries such as China continue to protect their domestic industries, top steel executives told AMM.
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New Brazilian pig iron producer Usinagem e Parafusos Ltda. (Usipar) has been ordered to halt production by authorities in Para state after evidence reportedly was discovered that the company was violating Brazilian environmental laws.
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The U.S. Environmental Protection Agency (EPA) will require all electric furnace (EF) steelmakers to buy shredded ferrous scrap from junk vehicles exclusively from scrap processors that participate in the National Vehicle Mercury Switch Recovery Program under a new rule released Monday.
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Steel industry consolidation is expected to continue in 2008, although the pace could slow as the number of attractive assets falls and countries such as China continue to protect their domestic industries, top steel executives told AMM.
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Brazil’s Vale said it will no longer purchase a minority stake in ArcelorMittal USA Inc.’s Sparrows Point, Md., mill.
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North American steel producers seeking price increases on sheet, plate and bar products after the New Year continued to get good news from service centers, which are reporting continuing declines in inventory levels, according to the latest data from the Metals Service Center Institute (MSCI), Rolling Meadows, Ill.
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North American steel producers seeking price increases on sheet, plate and bar products after the New Year continued to get good news from service centers, which are reporting continuing declines in inventory levels, according to the latest data from the Metals Service Center Institute (MSCI), Rolling Meadows, Ill.
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Evraz Group SA, Luxembourg, is commencing its cash tender offer to acquire all outstanding shares of Claymont Steel Holdings Inc.’s common stock, the two companies said.
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Rapidly rising scrap costs are driving U.S. producers of reinforcing and merchant bar products to seek price hikes of $25 a ton effective with Jan. 1 shipments.
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The inability of E2 Acquisition Corp. to settle financing issues has scuttled its deal to buy ArcelorMittal SA’s Sparrows Point, Md., mill. The failure sets the stage for new bidders to vie for the mill and throws into question what Wheeling-Pittsburgh Steel Corp. will do to secure slab supplies.
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Battling rising input and energy costs, U.S. producers of carbon steel plate plan to increase prices by $30 per ton effective with February shipments.
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United Auto Worker members at 11 union locals in Georgia, Indiana, Illinois, Ohio, Pennsylvania and Texas have ratified a new three-year labor agreement with International Truck & Engine Corp.
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Rapidly rising scrap costs are driving U.S. producers of reinforcing and merchant bar products to seek price hikes of $25 a ton, effective with Jan. 1 shipments.
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Battling rising input and energy costs, U.S. producers of carbon steel plate plan to increase prices by $30 per ton effective with February shipments.
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U.S. steel mill shipments rebounded to 8.5 million net tons in October, an increase of 8.8 percent from September and 5.9 percent higher than October 2006 levels, according to the American Iron and Steel Institute, Washington.
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U.S. Steel Corp., Pittsburgh, has hired Katie R. McCall as manager of federal government affairs in its Washington office.
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Baoshan Iron & Steel Co. Ltd. is expected to expand capacity of its wide heavy plate mill in Shanghai next year by 400,000 tonnes, or 29 percent, to 1.8 million tonnes annually to meet growing demand from the region's shipbuilding industry.
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ArcelorMittal SA’s unsuccessful attempt to gain a stake in Laiwu Steel Group shouldn’t put a damper on the Luxembourg-based company’s proposed acquisition of China Oriental Group Co. Ltd.
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U.S. Steel Corp. has hired Katie R. McCall to serve as manager of federal government affairs in its Washington office.
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Western Canadian Coal Corp., Vancouver, British Columbia, said it is beginning a strategic review to consider opportunities that include a possible sale of the company.