Chicago-based metals distributor Ryerson Inc. said Monday that it has acquired Ohio-based steel processor Singer Steel Company, which provides steel slitting, sheet processing, and laser cutting services. The acquisition is the fourth one made by Ryerson in the past 14 months. Get the full story »
Inside these posts: Steel industry
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U.S. panel OKs final duties on China drill pipe
A U.S. trade panel Monday approved combined final duties ranging up to nearly 450 percent on steel drill pipe from China used in oil production.
The U.S. International Trade Commission said there was sufficient evidence U.S. companies are threatened with harm by unfairly low priced competition from China. Get the full story »
Alcoa third-quarter profit dips, but stock rises
Alcoa Inc., the largest U.S. aluminum producer, on Thursday reported a lower third-quarter profit, but said global markets were strengthening and its shares rose 3 percent. Get the full story »
Aug. 19, 2010 at 12:15 p.m.
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Filed under: China, Government, International, Investing, Manufacturing Chinese steelmaker hailed for dropping U.S. deal
Lawmakers from U.S. steel-producing states on Thursday welcomed a decision by China steel company Anshan Iron and Steel Group to put its investment in a U.S. steel plant on hold.
“Not only would this venture have set a dangerous precedent further undermining our domestic steel market, but it posed serious national security concerns,” Rep. Tim Murphy, a Pennsylvania Republican, said in a statement. Get the full story »
