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A regular review of recently placed international new plant orders, announced for new and upgraded plants, expansions, modernizations and revamps
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Service Center of the Year - Jemison Metals
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“It’s a little bit premature to think that aluminum has turned the corner,” Carol Cowan, senior vice president of Moody’s Investors Service Inc., told AMM. “We’re not going to take a lot of comfort from a one-month statistic change.”
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Whether it’s on the roads or in the skies, there could still be some forward momentum for aluminum come 2016.
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U.S. shipments of copper and copper alloy scrap to China grew more than 25 percent last year, helping to push up overall exports by 22.6 percent to more than 1.1 million short tons.
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Vale SA is back. After enduring a one-year strike at its Sudbury and Port Colborne, Ontario, operations, the Brazilian company has returned in force to the American market, easing supply pressures and leading to a severe drop in premiums. The company had total estimated output of 144,000 tonnes of nickel in 2010, ranking it third among world producers.
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The global copper market moved into deficit last year, with the International Copper Study Group estimating a seasonally adjusted refined deficit of some 60,000 tonnes in September 2010, the most recent figure available. All signs indicate that deficit conditions will continue through 2011.
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World use of refined zinc metal grew 16.7 percent in the first 11 months of 2010, although supply exceeded demand, according to the latest data from the International Lead and Zinc Study Group.
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Is it 2008 again? For ferrous scrap prices it almost looks like, as Yankee catcher Yogi Berra once said, déjà vu all over again. The steady climb over the past few months might make some believe that.
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An open letter from the Steel Manufacturers Association’s board of directors to members of the 112th U.S. Congress and steel policymakers
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American Metal Market asked Thomas J. Gibson, American Iron and Steel Institute president and chief executive officer, to address some key issues facing the U.S. steel industry as a new year and a new Congress get underway.
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If Steven J. Demetriou could go back and do things differently during Aleris International Inc.’s 15-month stint under bankruptcy protection, he wouldn’t change very much.
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After decades, or in some instances a century, of operating at one location in a city or town, scrapyards are being told to pack up and move. Land that nobody wanted long ago now has become prime real estate.
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Credit availability remains tight and more deals than ever are cash-and-carry. Acquisitions need to be as close to no-risk as possible and growth needs to be held closer to a realistic overall economic approach. And service centers’ optimism is curbed by their need to avoid speculation on prices and volumes.
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They had been chewing over the idea for almost a decade.
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November has arrived. The leaves are falling (and clogging up the storm drains), tailgate parties are under way at stadiums across the country (providing an economic boost to the nation’s bratwurst and beer makers) and the ferrous scrap and steel industries are slowly entwining in the year-end buy or not-to-buy scrap waltz.
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The effects of the recession appear to be easing in the titanium industry, raising hopes of recovery. At the same time, new opportunities are presenting themselves that could lead to the availability of lower-cost titanium products in a number of applications previously priced out of titanium. Thus, the recovery may coincide with a somewhat transformed business landscape.
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Noranda Aluminum Holding Corp. is growing up. Once a small subsidiary of both Falconbridge Ltd. and Xstrata Plc, then a privately held asset of investment fund Apollo Management LP, Noranda has finally stepped into the public spotlight on its own two feet—and according to its top executive, its stance has never been stronger.
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And so it came to pass that the last of the Big Three (though they were no longer as big and were now more than three) proclaimed that factory bundles would no longer be sold openly.
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Cuba is one of the world’s most important sources of nickel. The island nation has the second-largest base reserves of nickel, with an estimated 29 million tons, or about 15 percent of the global total. Cuba’s nickel deposits also are considered to be of the highest quality, with an average nickel content of 90 percent.
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Scientific researchers, policy advocates and journalists all have to weigh the extent to which statistics reflect reality.
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One of the odd parallels of the scrap market is that the flow of obsolete ferrous scrap can be a lot like the life cycle of a vehicle’s lead-acid battery.
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The metals and mining industry hasn’t inspired many notable novels; Nostromo, Joseph Conrad’s tale of Latin American silver mines, and Emile Zola’s Germinal, an exposé of coal mining in 19th Century France, are perhaps the two most famous exceptions.
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The competitive position of electric-arc furnace (EF) steel producers is dependent on an adequate domestic supply of reasonably priced ferrous scrap.
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What does an Apple iPad have in common with solar power technology infrastructure? More than you might think. According to some aluminum producers, both markets are primed for serious growth and offer an exciting opportunity for the aluminum sector.
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The philosophy underpinning the Steel Manufacturers Association’s conference schedule is similar to the ideology of its mini-mill electric furnace industry membership. The association holds only two events a year, taking pride in embracing a lean operating policy,
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Kevin McCarthy’s varied background in recycling gives him an interesting outlook on where the industry is heading.
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Sometimes, so the saying goes, our success contains the seeds of our destruction. At other times, a phoenix is born out of the ashes. Both have proven to be the case in the scrap industry.