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The $1.35-billion deal for ArcelorMittal to sell its Sparrows Point, Md., facility to E2 Acquisition Corp. appeared to be in jeopardy late Tuesday as the companies struggled to come to terms as a midnight deadline approached.
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Chinese steel exports sank in November, with finished steel product shipments hitting a more than one-year low.
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Multimodal was a key term being used by company executives at AMM’s Moving Metals Conference in Atlanta.
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With just 30 million people, Canada might not seem like the biggest and best country to trade with when it comes to moving metals and related products.
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The $1.35 billion deal for ArcelorMittal to sell Sparrows Point to E2 Acquisition Corp. appeared to be in jeopardy late Tuesday as the companies struggled to come to terms before a midnight deadline.
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Rep. Phil English (R., Pa.) on Tuesday urged House Ways and Means Committee Chairman Charlie Rangel (D., N.Y.) to act on trade legislation against China before Congress concludes the first session of the 110th Congress.
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Tier 1 automotive supplier ArvinMeritor Inc. Tuesday announced plans to acquire Canada’s Mascot Truck Parts Ltd.
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Keystone Consolidated Industries Inc. plans to boost wire rod prices by $40 a ton ($2 per hundredweight) effective with Feb. 1 shipments.
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Fifteen U.S. senators sent a letter to negotiators at the United Nations-sponsored convention on climate change in Bali urging participants to take encouragement from recent congressional actions on global warming.
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Chinese stainless mills might not be following through on their announced production cuts as the domestic market remains sluggish and stocks high, traders said.
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Keystone Consolidated Industries Inc. plans to boost wire rod prices by $40 a ton ($2 per hundredweight), effective with Feb. 1 shipments.
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The Big Three Detroit-area automakers plan to temporarily idle a host of pickup truck and sports-utility vehicle plants in response to dwindling sales and grim sales forecasts for the New Year.
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Raw steel output in the United States totaled 2,064,000 tons last week, a nearly 2-percent increase from 2,024,000 tons the previous week after three consecutive weekly declines, as mills operated at an average capability utilization rate of 86.5 percent.
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Carbon steel distributor Infra-Metals Co. will build its seventh service center as the company’s parent, Atlanta-based PNA Group Inc., names a new chief financial officer.
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John H. Walker, 50, chief executive officer of Global Brass & Copper Inc., East Alton, Ill., has been named to the board of directors of Nucor Corp., Charlotte, N.C.
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A fire has temporarily disabled the billet caster at Republic Engineered Products Inc.’s facility in Lorain, Ohio.
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The president of Ivaco Rolling Mills LP, L’Orignal, Ontario, on Monday added his voice to the growing chorus of industry observers predicting higher prices in coming months.
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David Goldsmith, Ivaco Inc.’s president and chief executive officer, has left the company as part of a management restructuring plan implemented by Ivaco parent Heico Cos. LLC.
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Russia’s Evraz Group SA and wholly owned subsidiary Titan Acquisition Sub Inc. have agreed to purchase Claymont Steel Holdings Inc., Claymont, Del., for $564.8 million.
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Russia’s Evraz Group SA and wholly owned subsidiary Titan Acquisition Sub Inc. have agreed to purchase Claymont Steel Holdings Inc., Claymont, Del., for $564.8 million.
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A fire has temporarily disabled the billet caster at Republic Engineered Products Inc.’s facility in Lorain, Ohio.
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The president of Ivaco Rolling Mills LP, L’Orignal, Ontario, on Monday added his voice to the growing chorus of industry observers predicting higher prices in coming months.
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The climate for the current annual iron ore contract price negotiations is “marvelous” but they could drag on due to disparities in the market, according to Vale president Roger Agnelli.
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Jiangsu Shagang Group, China’s top privately owned steelmaker, and China Shipbuilding Industry Corp. (CSIC) have signed a long-term strategic cooperation agreement for the supply of heavy plate.