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China’s steel exports rose again last month as bookings went up following a price increase in October.
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China’s iron ore imports jumped in November to the second-highest monthly level in history as steel mills replenished stocks.
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The number of drill rigs running in the United States fell by 11 last week.
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A Texas judge has moved a lawsuit against Nucor-Yamato Steel Co. to another district, according to court documents.
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ArcelorMittal USA Inc. and AK Steel Corp. have followed Nucor Corp.’s leading move to increase published prices for flat-rolled products.
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Brazilian iron ore miner Vale SA expects iron ore price volatility to ease in 2013.
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Enbridge Inc. plans to invest $6.2 billion to bring new sources of crude oil to refinery markets in the Midwest, Ontario and Quebec.
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Unionized workers at Ohio Cold Rolling Co. have ratified a four-year collective bargaining agreement with Esmark Steel Group LLC.
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Bankrupt steelmaker RG Steel LLC has agreed to sell tracts of land at its Steubenville, Ohio, property to a local real estate company for $190,000, according to court documents.
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China’s crude steel production for the final 10 days of November increased 0.4 percent from the preceding 10 days, according to estimates from the China Iron and Steel Association (Cisa).
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Structural steel prices are expected to remain steady through year-end as buyers look for the market to improve in 2013.
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Domestic steel plate prices have started to inch up, but with orders slow this month, market sources said it remains to be seen where January prices will settle.
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Nucor Corp.’s sheet mill group has increased its base prices by $20 per ton effective immediately, the company said in a letter to customers dated Dec. 6.
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E&H Tubing Inc. plans to make steel tubing in Brownstown, Ind., using the assets of Indiana Steel & Tube Inc., which it acquired in a bankruptcy auction earlier this year.
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Weaker spot prices, lower volumes and a less-favorable product mix squeezed profits at Webco Industries Inc. in the company’s fiscal first quarter.
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Steel demand will rise next year on strength in the automotive and energy sectors, but consumption could use a further boost from construction, according to industry analyst Christopher Plummer.
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Mark Smith has joined Los Angeles-based investment bank Houlihan Lokey Inc. as a director in its industrials group, where he will focus on mergers and acquisitions (M&A) in the metals and mining sector.
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Mexico’s largest integrated steelmaker, Altos Hornos de México SAB de CV (Ahmsa), expects domestic prices to fall by 20 percent over the next few months on the back of "unfair trade practices" from countries in Asia and the Commonwealth of Independent States (CIS).
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Commercial Metals Co. (CMC) president and chief executive officer Joseph Alvarado will also become chairman of the company’s board beginning Jan. 1.
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Bar Steel Service Inc.’s assets are being auctioned after the company filed for Chapter 7 bankruptcy liquidation in October.
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Three executive board members at German steelmaker ThyssenKrupp AG have been asked to vacate their positions effective Dec. 31 following a November audit of the troubled Steel Americas project, the company said late Wednesday.
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Steel mills in Chicago, St. Louis and other major steelmaking regions, including parts of the Ohio Valley and Mid-Atlantic, saw no change in ferrous scrap prices this month as sellers refused to consider weaker offers despite diminished demand from several mills.
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ALJ Regional Holdings Inc. has cleared one hurdle as it looks to sell special bar quality (SBQ) and merchant bar quality steel flats producer Kentucky Electric Steel LLC (KES) to Optima Specialty Steel Inc.
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Steel imports arriving at U.S. ports are poised to edge up slightly month over month in November, according to license data from the Commerce Department’s Import Administration.