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Report: Serbian Mill Ends Seven Years of Losses

20 Jan 2017 - Less than a year after acquiring Serbia’s Zelezara Smederevo steel works, China’s Hesteel Group said it has returned the facility to profitability, reports Xinhua, China’s official news agency. 

Tubemaker Starts Up Revamped ERW Line

20 Jan 2017 - SMS group has completed upgrades to a high-frequency ERW tube line for Italy’s Arvedi Tubi Acciaio. 

Evraz Sees North American Production Fall in 2016

19 Jan 2017 - Weak demand for rail and tube, along with extended outages, led to a 24 percent decline in crude steel production at Evraz’s two North American mini-mills. 

Russian Steelmaker Selects Primetals for Blast Furnace Automation

19 Jan 2017 - Primetals Technologies has won an order to supply the instrumentation and the automation and electrical equipment for a Russian steel works’ new blast furnace. 

Former U.S. Steel Executive Will Oversee Federal Reserve Bank

19 Jan 2017 - Retired U. S. Steel Corp. chairman and chief executive John P. Surma has been named chairman of the Federal Reserve Bank of Cleveland.

China Exceeds 2016 Capacity Cut Target, But Much More Remains

19 Jan 2017 - Although China cut up to 80 million metric tons of steel capacity last year, much of it was already idle and did little to reduce output, reports the Reuters news service. 

U.S. Commerce Department Affirms Hefty Duties on Chinese Plate

18 Jan 2017 - The U.S. Commerce Department has made its final determinations on a trade case on Chinese cut-to-length plate, setting anti-dumping and countervailing margins of more than 300 percent.

Fire Puts Japanese Plate Mill Out of Commission For Eight Months

18 Jan 2017 - A heavy plate mill in Japan is likely to remain off-line for the next eight months following a fire that damaged the facility. 

Ross: 'I Am Not Anti-Trade. But I Am Pro Sensible Trade.'

18 Jan 2017 - NAFTA ought to be change and that the U.S. should trade freely with countries that play by the rules while punishing those that don't, Commerce Secretary nominee Wilbur Ross said during a confirmation hearing Wednesday, reports The Washington Post. 

Great Lakes Iron Ore Shipments Increased in 2016

17 Jan 2017 - The Soo Locks, which are a vital link between Lake Superior and the other Great Lakes, have closed for annual maintenance, marking the end of the 2016 shipping season. And while overall cargo volumes were down, iron ore shipments increased 7.8 percent, reports the MLive news site. 

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