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The American Iron and Steel Institute, the United Steelworkers union and the Alliance for American Manufacturing are all backing an extension and expansion of the Advanced Energy Manufacturing Tax Credit that was included in the American Recovery and Reinvestment Act (ARRA).
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Keith Busse has been appointed chairman of Tower Financial Corp., a Fort Wayne, Ind., bank, effective Jan. 1.
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Allegheny Technologies Inc. (ATI) has boosted its earnings expectations for the fourth quarter and full year as a result of a recent business uptick.
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Labrador Iron Mines Holdings Ltd. (LIM) has acquired an additional 50 million tons of direct shipping iron ore (DSO) in Quebec through a series of five recent transactions.
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Walter Energy Inc. has started production at its expanded Brookwood, Ala., longwall metallurgical coal mine.
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Due to a reporting error, new furnace company F&D Furnaces LLC was incorrectly identified in the Dec. 17 edition. The company was recently formed from the assets of Flinn & Dreffein Engineering Co. in a venture between Italy’s Olivotto Ferre SpA and Pennsylvania’s FCE LLC.
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The Alabama Surface Mining Commission has approved a mine plan that clears the way for MCoal Corp., a subsidiary of Novadx Ventures Corp., to begin surface coal mining operations at its Rosa Coal Mine in the state.
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Dimension Fabricators Inc. is expanding operations in an effort to grow its reinforcing steel products business.
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Declining service center inventories and higher shipments in November may help 2009 close out on a more positive note for steel mills and distributors, according to industry analysts.
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Cargill Inc. has reached an agreement with Robinson Steel Co. Inc. to increase its investment in RPS Sheet and Plate by purchasing Robinson Steel’s cold-reduction lines in East Chicago, Ind., and Granite City, Ill., the company said late Wednesday.
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Cargill Inc. has reached an agreement with Robinson Steel Co. Inc. to increase its investment in RPS Sheet and Plate by purchasing Robinson Steel’s cold-reduction lines in East Chicago, Ind., and Granite City, Ill., the company said late Wednesday.
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Dimension Fabricators Inc. is expanding operations in an effort to grow its reinforcing steel products business.
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Nucor Fastener has filed an appeal with the U.S. Court of International Trade, claiming the U.S. International Trade Commission (ITC) erred in ruling that the domestic fastener industry is not being injured by dumped and subsidized imports from China and Taiwan.
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The steel industry continues to stress the need for job creation and investment in infrastructure in order to revitalize the economy.
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A new round of price increases on flat-rolled carbon steel has been launched on the West Coast, but the region’s two mills are skipping January and going straight to February amid buyer expectations of higher tags at least through the first quarter.
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Italy’s Olivotto Ferre SpA and Pennsylvania’s FCE LLC have joined forces to purchase the assets of Flinn & Dreffein Engineering Co. with the intent of creating a technological partnership to advise customers in the area of heat-processing projects.
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Capacity utilization by primary metal manufacturers increased to 59.1 percent in November from 55.5 percent the previous month and a low of 44.8 percent in May but remained marginally below 60.8 percent in November last year, according to the Federal Reserve Board.
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Rising input costs, principally for scrap, are pushing hot-rolled band and other steel prices higher.
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A new round of price increases on flat-rolled carbon steel has been launched on the West Coast, but the region’s two mills are skipping January and going straight to February amid buyer expectations of higher tags at least through the first quarter.
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Demand for steel should recover at a modest pace during the next 12 to 18 months, although it won’t reach peak levels in the medium term, Fitch Ratings said in its Worldwide Steel Outlook.
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Special Metals Corp. has added one vice president and promoted another as it moves to strengthen its leadership team.
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The absence of high-priced pig iron inventories will help Nucor Corp. stop a string of quarterly losses in the fourth quarter, the company said in earnings guidance issued Wednesday.
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Nucor Fastener has filed an appeal with the U.S. Court of International Trade, claiming the U.S. International Trade Commission (ITC) erred in ruling that the domestic fastener industry is not being injured by dumped and subsidized imports from China and Taiwan.
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The steel industry continues to stress the need for job creation and investment in infrastructure in order to revitalize the economy.