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AK Steel announces May surcharges

April 28, 2005

AK Steel has advised its flat-rolled carbon steel customers that a $218 per ton surcharge will be added to invoices for products shipped in May 2005. The company also has advised its electrical steel...

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Kennametal elects Caterpillar exec to board

April 27, 2005

Kennametal Inc. announced today that it has elected Steven H. Wunning, group president and executive office member of Caterpillar Inc., to its board of directors. Wunning will join the board in July...

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Durable goods orders drop 2.8 percent in March

April 27, 2005

New orders for manufactured durable goods in March decreased $5.6 billion or 2.8 percent to $194.0 billion, the U.S. Census Bureau announced today. This followed a 0.2 percent February decrease. The...

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Wheeling-Pittsburgh sues Massey Energy subsidiary

April 27, 2005

Wheeling-Pittsburgh Steel Corp. today filed a lawsuit in the Brooke County, West Virginia Circuit Court against Central West Virginia Energy Co. (CWVEC), a subsidiary of Massey Energy Co., alleging...

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Employment growth slows; open positions increase

April 26, 2005

According to new numbers from the Leading Indicator of National Employment (LINE), April employment growth slowed slightly, yet the number of manufacturers hiring for open positions increased. Hiring...

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U.S. Steel names COO, announces management changes

April 26, 2005

United States Steel Corporation today announced that John H. Goodish has been elected executive vice president and COO, reporting to John P. Surma, Jr., president and CEO. In his new position, Goodish...

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Joint ventures, strategic alliances to increase

April 25, 2005

U.S. executives plan to increase the use of strategic alliances and joint ventures as key strategies to achieve revenue growth, according to a survey released today by KPMG LLP, the U.S. audit, tax...

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Oklahoma loves GM

April 22, 2005

Today Oklahoma Governor Brad Henry held a rally at the State Capitol in support of the General Motors Oklahoma City Assembly Plant. Partnering with Kathy Taylor, secretary of commerce and tourism,...

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Chrysler Group exec honored for manufacturing excellence

April 20, 2005

Frank J. Ewasyshyn, Chrysler Group executive vice president of manufacturing, was inducted into the Shingo Prize Academy today. The Shingo Academy recognizes dedication to the pursuit of lean,...

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Metaldyne to open two plants in China

April 19, 2005

Metaldyne today announced that the company is expanding its presence in China by opening two new manufacturing facilities: one in Hangzhou, and another breaking ground in Suzhou this summer.The...

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Macsteel Service Centers acquires Alpha Steel

April 19, 2005

Macsteel Service Centers USA Inc. announced today that it has acquired the business and assets of PHA Steel LLC, operating under the brand name Alpha Steel, a privately owned steel service center...

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ITC decision troubles steel consumers

April 18, 2005

Steel-consuming industries will continue to struggle to be competitive in the wake of the International Trade Commission's (ITC) April 14 decision to continue import restrictions on steel, according...

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Nucor to purchase Marion Steel assets

April 18, 2005

Nucor Corp. has announced that it has entered into an agreement to purchase substantially all of the assets of Marion Steel Co. for a cash purchase price of approximately $113 million. Finalization of...

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Manufacturing output down in March

April 15, 2005

As a whole, industrial production increased 0.3 percent in March after a downwardly revised gain of 0.2 percent in February, the Federal Reserve reported today. However, in the manufacturing sector,...

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Chrysler names new VP–assembly, stamping operations

April 14, 2005

On April 13, the Chrysler Group announced that Simon Boag has been named vice president of assembly and stamping operations, replacing P. Craig Corrington, who is retiring after 32 years. Boag is...

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