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Diebold to sell Sumter, S.C., manufacturing facility

January 31, 2006

Diebold Inc. has reached an agreement to sell its Sumter, S.C.-based manufacturing plant to Porter's Fabrications, a current supplier to Diebold. Porter's Fabrications specializes in metal fabrication...

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Steel prices predicted to remain high

January 31, 2006

Rising steel prices have caused pain for many U.S. industries and significant relief is not on the horizon, Roland Berger Strategy Consultants said today.Since 2003 steel prices have climbed by more...

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Story behind the Pittsburgh Steelers logo

January 30, 2006

The Pittsburgh Steelers three-star logo is a familiar symbol. Displayed on the right side of each player's helmet, the logo symbolizes the strength of the Steelers and the Steel City the team...

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AK Steel increases prices for stainless steel products

January 26, 2006

AK Steel has announced that it is increasing transaction prices for all cold-rolled stainless sheet and strip products by approximately 3 percent, effective with shipments on February 19, 2006. The...

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Durable goods orders reach all-time high

January 26, 2006

New orders for manufactured durable goods in December increased $2.8 billion or 1.3 percent to $228.1 billion, the U.S. Census Bureau announced today. This was at the highest level since the series...

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Mass layoffs up in December

January 25, 2006

In December 2005 employers took 1,308 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the...

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Reliance Steel & Aluminum to acquire Earle M. Jorgensen Co.

January 24, 2006

Reliance Steel & Aluminum Co. ("Reliance") and Earle M. Jorgensen Company ("EMJ") have announced a definitive merger agreement in which Reliance will acquire EMJ. The transaction is expected to be...

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DaimlerChrysler management restructuring to cut 6,000

January 24, 2006

DaimlerChrysler today introduced a new management model intended to further integrate the company's functions, focus operations on core processes, and encourage internal collaboration. The plan also...

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Olympic Steel, U.S. Steel to close OLP joint venture

January 23, 2006

Olympic Steel Inc., a national steel service center, and United States Steel Corp. jointly announced plans to close their Olympic Laser Processing (OLP) joint venture facility in Detroit. OLP...

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Ford to idle 14 plants

January 23, 2006

The Ford Motor Co. today announced its "Way Forward" restructuring plan designed to help the company reverse its $1.6 billion loss in 2005 and prepare its North American business for global...

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U.S. industrial production increased in December

January 17, 2006

According to the Industrial Production and Capacity Utilization report released today by the Federal Reserve, U.S. industrial production increased 0.6 percent in December after gains of 0.8 percent in...

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Gerdau Ameristeel announces leadership changes

January 16, 2006

Gerdau Ameristeel Corp. has announced leadership changes.Andre Johannpeter, currently chief operating officer for Gerdau Ameristeel, is returning to the Gerdau Group Corporate Office in Porto Alegre,...

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TRUMPF announces management changes

January 16, 2006

TRUMPF Inc. has appointed Peter Grollmann as the new product manager for laser marking. He is responsible for managing TRUMPF's laser marking products in North America.An electronics and optical...

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American Axle & Manufacturing to build plant in China

January 12, 2006

American Axle & Manufacturing Holdings Inc. today announced that it will establish a manufacturing facility in Changshu, China, near Shanghai. The company has acquired land-use rights for...

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Timken to expand Virginia bearing plant production

January 11, 2006

The Timken Co. today announced plans to invest approximately $10 million in its bearing plant in Altavista, Va., enabling expanded manufacturing of replacement wheel-hub bearing assemblies for...

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