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Top StoriesFerrous scrap stop, go said tied to auto woesMay 8 | ||||||||||||||||
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AK Steel Corp., West Chester, Ohio, is hoping for a seamless transition in its coke acquisitions late next year. Local politicians are doing their part to pave the way.
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Midwest aluminum premiums have tightened to a range of 4.5 to 4.75 cents a pound from 4.5 to 5 cents previously amid light business, low scrap availability, a reluctance by market players to take on additional credit risk and high freight costs.
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The merger of Sims Group Ltd. and Metal Management Inc. (MMI) has provided the company with a bounty of higher revenue, with sales for the nine months ended March 31 totaling more than Australian $4.4 billion ($4.2 billion), up 10.4 percent from the same period a year earlier.
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General Motors Corp., Detroit, plans to resume production Monday at its full-size van assembly facility in Wentzville, Mo., a company spokesman said.
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