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Date:2013/01/31
Global pipe and tube producer Tenaris announced Wednesday that in January, the company began a new phase in its long-term supply agreement with Brazilian multinational energy company Petrobras, which will last until 2017.
Throughout the five years of...
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Date:2013/01/29
Apparent domestic consumption of steel in Mexico amounted to 24 million tons in 2012, representing an increase of 15.3 percent compared to 2011, with 20.869 million tons.
According to the Planning Commission of the Chamber of Industry Iron and Steel ...
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Date:2013/01/31
National news sources reported Wednesday that on Friday, Gerdau plans to lay off about 31 steel workers from its St. Paul, Minnesota steel mill that is currently undergoing a $50 million renovation. A company spokesman was quoted as saying the decisi...
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Date:2013/02/04
According to the customs statistics released by the Japanese Ministry of Finance, Japan's iron and steel product exports in December 2012 amounted to 3.87 million metric tons, increasing by 23.5 percent compared to the same month of 2011...
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Date:2013/01/29
On Monday, National Mining Association (NMA) president and CEO Hal Quinn commented on the positive outlook for the US coal and minerals mining. He said that "The outlook for US coal and minerals mining in 2013 is positive due to clear improvements in...
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Date:2013/01/31
Wyomissing, Pennsylvania-based specialty steel producer and distributor Carpenter Technology Corporation announced Wednesday the completion of a formal cooperation agreement with Pittsburgh, Pennsylvania-based US Steel for the development of a new "l...
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Date:2013/02/01
The Brazilian mining giant Vale forecasted that iron ore prices would stay at the level of US$110~US$180/ton in the long term.Last September, the iron ore prices fell to the three-year low, forcing the mining companies to re-estimate the business due...
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Date:2013/01/29
The American Iron and Steel Institute (AISI) reported Monday that US raw steel production fell 1 percent in the week ending January 26, following a 0.3 percent increase the previous week.
Total raw steel production in the United States amounted to 1,...
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Date:2013/02/01
The Ukrainian mining and steel producing group Metinvest has announced the repayment of a $75 million pre-export facility and a $40 million loan facility.
Metinvest Group secured the two-year $75 million pre-export facility with an interest margin of...
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Date:2013/01/29
Fort Wayne, Indiana-based Steel Dynamics, Inc. (SDI) reported late Monday that Q4 2012 net income of $61 million on net sales of $1.7 billion more than doubled earnings of $30 million on sales of $1.9 billion in Q4 2011. Q4 earnings were also up sign...
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Date:2013/01/30
On Tuesday, West Chester, Ohio-based flat rolled steelmaker AK Steel reported a net loss of $230.4 million for Q4, following a $60.9 million net loss in Q3 and a $193.9 million loss in Q4 2011. This was AK Steel's sixth consecutive quarterly los...
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Date:2013/02/01
The Bureau of Transportation Statistics (BTS) reported Thursday that trade using surface transportation between the US and its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico, rose 6.2 percent in November 2012 compared to Nove...
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Date:2013/01/28
Indian iron ore producer Sesa Goa has announced its financial and operational results for the third quarter and the first nine months ended on December 31 of the financial year 2012-13. In the third fiscal quarter, Sesa Goa's net profit amo...
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Date:2013/01/30
US Steel reported Tuesday a Q4 net loss of $50 million, following a $44 million profit in Q3 2012. In Q4 2011, US Steel incurred a net loss of $211 million. For full-year 2012, US Steel reported a net loss of $124 million compared to a net loss of $5...
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Date:2013/02/01
Vale announced Thursday that has entered into an agreement to complete a purchase option from June 2010 to acquire an additional 24.5 percent stake in the Belvedere coal project from Aquila Resources Limited. The purchase price of A$150 million...
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Date:2013/01/28
Indian state-owned steel producer Steel Authority of India Limited (SAIL) has announced that new end-forging equipment has been installed with an investment of approximately INR 455.4 million ($8.5 million) at its Bhilai steel plant's rail and s...
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Date:2013/01/30
On Tuesday, Nucor Corporation announced net earnings of $504.6 million for the full year 2012, down from $778.2 million in 2011. Meanwhile, Q4 2012 income totaled $136.9 million, down slightly from net earnings of $137.1 million in Q4 2011 but up fro...
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Date:2013/01/28
In the wake of the announcement by the Luxembourg-headquartered global steel giant ArcelorMittal's management to close half of its cold phase in Lige, labor unions called a strike on Thursday, January 24. Rejecting the closure of seven out of tw...
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Date:2013/02/01
Belmont, California-based SunEdison, a global solar energy services provider and subsidiary of MEMC Electronic Materials, Inc. announced Thursday that it has signed an agreement with Chilean steel and mining group CAP SA to construct what is expected...
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Date:2013/01/30
Investments of US$11 billion by leading Mexican flat steel producers for this year are focused on expanding market share in automotive and sectors in which the industry is highly competitive globally, such as hot rolled with new grades, dimensions an...