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Allegheny Technologies Incorporated (ATI) has signed two new long-term pricing agreements (LTPA) with General Dynamics Land Systems. ATI will be the preferred supplier of titanium plate for the Abrams tank (in the United States) and the AJAX specialist vehicle (in the United Kingdom) which are both manufactured by General Dynamics Land Systems.
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Aulong Shipbuilding has secured contracts, totaling A$20 million ($16.2 million) for four new 42-metre, high-speed, catamaran ferries for Xidao Dazhou Tourism Co Ltd.
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Desktop Metal, Inc, based in Burlington, Massachusetts, has been granted seminal patents by the United States Patent and Trademark Office for its inventions in interface layer technology for both its Studio System and Production System 3D printers.
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Maxion Wheels, a division of Iochpe-Maxion S.A., has formed a new legal entity, Maxion Wheels Aluminum India Private Limited, as a key step in its plan to develop and produce up to 4 million light vehicle aluminium wheels annually in India.
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Russian aluminium producer Rusal has invested $30 million in launching its pilot operation of eight new generation RA-550 pots at its Sayanogorsk aluminium smelter.
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Tata Steel has developed a mobile canning line concept which, it says, will allow farmers anywhere in the world to process and preserve their produce on site, helping to reduce food loss at source while generating additional revenue.
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Serious students of steel trade know what to expect after observing Chinese tactics over the last several years . . . more of the same.
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The Dispute Settlement Understanding, the WTO’s rule book for settling global trade disputes, has been the subject of review since the 1990s.
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The tables below and right present steel and natural resource companies' earnings before interest, taxes, depreciation and amortization (Editda)/sales ratios.
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Chinese mills produced 419.75 millions tonnes of crude steel in the first six months of 2017, up 4.6 percent from the same period a year ago.