From AMMDaily Mon, Feb 08, 2010RSS

Snow day. Metal producers seemed largely unaffected by the weekend’s winter storm, but rail firms, distributors and warehouses warned of possible disruption to raw material shipments.

Metals firms brush off snow; distribution hit

by Maria Guzzo

The weekend’s “snowmageddon,” which dumped up to 3 feet of snow on the Midwest and East Coast, created power outages, staffing issues and logistical challenges for many metals companies, although most overcame them.

China blatantly violating US trade laws: JMC exec by Michael Cowden

China is blatantly skirting U.S. trade laws, in some cases as U.S. Customs officials watch the evasions happening “in front of their noses,” according to the top executive at John Maneely Co. (JMC).

West Coast market shuns tubing price hike by Frank Haflich

The West Coast market for structural steel tubing remains in limbo as the latest increase by mills east of the Rockies has yet to gain acceptance in the region.

‘Buy American’ trade deal gets lukewarm reception in Canada by Michael Cowden

The United States and Canada have reached a bilateral trade agreement that should permit Canadian companies to bid on projects that had been off limits because of the “Buy American” clause in the U.S. stimulus package.

Inclusion of Canada in ‘Buy American’ drawing cheers, jeers by Lisa Gordon

Many U.S. industry players are applauding a decision that allows Canada to take part in the “Buy American” stipulation in the American Recovery and Reinvestment Act (ARRA), but behind the scenes some U.S. mills are unhappy with the decision.

Copper futures edging higher after downslide by Tatyana Shumsky

After a week of steep declines, copper futures eked out a small gain Monday as a slightly weaker dollar buoyed prices.

Rep. Murtha, steel caucus member, dies at 77

Grede exits Chapter 11 with merger

Grupo Mexico swings to $342.1M profit in 4th qtr.

CAW seeks probe of Xstrata plan to shut its Kidd facility

Maine looks to simplify e-cycling licensing

Explosion idles ArcelorMittal Poland furnace

Anshan merger talks with Panzhihua done

Severstal mulling sale of Lucchini stake

Hebei Steel warns of net profit plunge

Nippon’s Nagoya steel works in pollution probe

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AMMDaily Live News

Rep. Murtha, Steel Caucus member, dies at 77

Feb 08, 05:45pm

‘Buy American’ trade deal gets lukewarm reception in Canada

Feb 08, 05:30pm

Inclusion of Canada in ‘Buy American’ draws cheers, jeers

Feb 08, 05:21pm
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Latest Pricing Trends
Tin -5.89%
Zinc -4.30%
Lead -3.68%
Silver -2.97%
Gold -2.39%
Cobalt -1.04%
Copper -0.74%
Molybdenum +1.21%
Natural gas +1.80%
Ferrochrome +5.88%
From 02/05/2010
AMMEvents
Steel Tube and Pipe 2010

Steel Tube & Pipe 2010

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Aerospace Metals 2010

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Stainless & Its Alloys 2010

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Steel Success Strategies XXV

Steel Success XXV

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AMM Monthly Magazine
February 2010

A weak dollar strengthens the prospects of rising steel exports for US mills

For years, the words ‘steel trade’ were virtually synonymous in industry circles with wave after wave of cheap imports and expensive and time-consuming anti-dumping and countervailing duty filings to stop them. The trade suits keep coming, but for the first time in a long time a combination of factors—not the least of which is a weak dollar—have strengthened the prospects of the export market.


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