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AK Steel announces PH steel price increase

August 30, 2005

AK Steel today announced that it is increasing base prices of its precipitation hardening (PH) stainless steel products by approximately 10 percent, effective with shipments on and after September 19,...

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New unemployment benefit claims drop

August 25, 2005

In the week ending Aug. 20, the advance figure for seasonally adjusted initial claims for unemployment benefits was 315,000, a decrease of 4,000 from the previous week's revised figure of 319,000. The...

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DaimlerChrysler, GM sign hybrid-vehicle pact

August 25, 2005

Reuters has reported that DaimlerChrysler AG and General Motors Corp. have finalized a deal to co-develop new hybrid vehicle technology. According to a GM spokesperson, the "binding and definitive...

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Durable goods orders down sharply in July

August 24, 2005

New orders for manufactured durable goods in July decreased $10.6 billion or 4.9 percent to $204.7 billion, the U.S. Census Bureau announced today. This followed a 1.9 percent June increase. The...

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Mass layoffs up in July

August 23, 2005

In July 2005, employers took 1,249 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S....

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Whirlpool, Maytag sign merger agreement

August 22, 2005

Whirlpool Corp. and Maytag Corp. today signed a definitive merger agreement in which Whirlpool will acquire all outstanding shares of Maytag in a cash and stock merger valued at $21 per share. One...

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Timken names vice presidents

August 19, 2005

The Timken Company, based in Canton, Ohio, announced today that Donna J. Demerling has been named senior vice president - quality and Lean Six Sigma. Demerling, who previously was senior vice...

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WCI Steel files reorganization plan

August 17, 2005

Warren, Ohio-based WCI Steel, Inc. announced Aug. 16 that a Plan of Reorganization approved by the company's independent board of directors has been filed in the U.S. Bankruptcy Court for the Northern...

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Dofasco to acquire Copperweld businesses

August 17, 2005

Dofasco Inc., Hamilton, Ont., today announced that it has signed an agreement to acquire certain assets currently owned by Copperweld Holding Company of Pittsburgh, Pennsylvania through a transaction...

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Aerospace employment growth continues

August 16, 2005

According to the Aerospace Industries Association (AIA), aerospace industry employment continued a positive trend that started last year, adding 11,100 jobs since the end of 2004.Statistics compiled...

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CMC acquires Juarez, Mexico joist manufacturing operation

August 16, 2005

Irving, Texas-based Commercial Metals Company (CMC) announced today the acquisition of substantially all of the operating assets of the Juarez, Mexico joist manufacturing facility from a subsidiary of...

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Whirlpool increases offer to buy Maytag

August 15, 2005

On August 10 Whirlpool increased its offer to buy Maytag a third time, proposing to buy the company for $1.79 billion, or $21 a share, in a half cash, half stock deal. The move prompted Maytag to...

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AK Steel announces September surcharges

August 15, 2005

AK Steel has advised its flat-rolled carbon steel customers that a $157 per ton surcharge will be added to invoices for products shipped in September 2005. The company also has advised its electrical...

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Metal spinner takes on OSHA

August 9, 2005

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On May 10 Jerrold Dodd was not spinning a yarn about the Occupational Safety and Health Administration (OSHA). The general manager and chief operating officer of a spinning company warned a congressional subcommittee about OSHA's aggressive action against his small company.

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Introduction to advanced high-strength steels - Part I

August 9, 2005

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Advanced high-strength steels (AHSS) offer enhanced formability. This article discusses the properties and performance of various grades.

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