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Bad weather coupled with good demand are creating a perfect storm to drive scrap prices higher than most market participants expected.
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A rapid fourth-quarter run-up in scrap and steel prices won’t be enough to boost earnings during the period for two of the nation’s leading electric furnace steel producers.
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Trident Steel Corp. has accused Basin Drilling Co. of fraud and breach of contract, alleging that two of its executives bought steel pipe they knew they couldn’t afford.
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U.S. steel exports increased slightly in October for the third consecutive month.
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The U.S. Commerce Department has issued a mixed bag of preliminary dumping margins following a review of circular welded non-alloy steel pipe imports, generally reducing margins for Mexican shipments and increasing them on product from South Korea.
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AT&F Steel has expanded its plate-rolling capability to include rollings up to 12 inches thick and 14 feet long following an investment of million of dollars, it said, without providing an exact figure.
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U.S. and Canadian service centers shipped almost 3.5 million tons of steel last month, down 0.3 percent from October.
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The U.S. Commerce Department has issued a mixed bag of preliminary dumping margins following a review of circular welded non-alloy steel pipe imports, generally reducing margins for Mexican shipments and increasing them on product from South Korea.
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Thomas J. Stundza, a senior commodities analyst with IHS Global Insight’s Pricing and Purchasing Service since late August and a former AMM editor, died unexpectedly Wednesday. He was 63.
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The Federal Highway Administration (FHWA) has removed a Buy America waiver for steel pipe needed for a sign support structure in Allegheny County, Pa.
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U.S. steel exports increased slightly in October for the third consecutive month.
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Trident Steel Corp. has accused Basin Drilling Co. of fraud and breach of contract, alleging that two of its executives bought steel pipe they knew they couldn’t afford.
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The number of metalforming companies predicting a rise in economic activity over the next three months doubled to 40 percent this month from 20 percent in November, and only 14 percent foresee a downturn vs. 23 percent in November.
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Keystone Steel & Wire Co., Peoria, Ill., will attempt to increase transaction prices on wire products by $2 per hundredweight ($40 per ton) effective with shipments beginning Feb. 7.
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In what some market players are calling an unprecedented move, one North American steelmaker is again attempting to increase spot market prices—the fourth such move in as many weeks.
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Namasco Corp., Atlanta, Ga., said it has acquired the assets of steel distributor Lake Steel Ltd., Amarillo, Tex.
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Keystone Steel & Wire Co., Peoria, Ill., will attempt to increase transaction prices on wire products by $2 per hundredweight ($40 per ton) effective with shipments beginning Feb. 7.
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U.S. hot-rolled band prices have skyrocketed, riding a wave built on higher scrap prices, additional input costs and a pickup in steel demand—a wave that seems poised to swell further.
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In what some market players are calling an unprecedented move, one North American steelmaker is again attempting to increase spot market prices—the fourth such move in as many weeks.
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MMFX Technologies Corp. filed for Chapter 11 bankruptcy court protection Tuesday, citing excess debt from its purchase of a Canadian steel mill.
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MMFX Technologies Corp. filed for Chapter 11 bankruptcy court protection Tuesday, citing excess debt from its purchase of a Canadian steel mill.
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Steel pipe industry veteran George LaBollita has died at the age of 73.
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Marmon/Keystone LLC has created a brand-new division called Marmon/Keystone VA Services.
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The United Steelworkers union has won a court injunction ordering Severstal North America not to remove equipment from a subsidiary company for at least 10 days.