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Mittal Steel USA idling blast furnaces

May 6, 2005

Mittal Steel USA is taking steps to match its output with inventory adjustments occurring in the markets that it serves, the company says. On May 5, the company started cooling the C-6 furnace at its...

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Productivity rises, but labor costs increase

May 5, 2005

The U.S. Department of Labor's Bureau of Labor Statistics today reported preliminary productivity data—as measured by output per hour of all persons—for the first quarter of 2005....

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Worker confidence rises, finances still a concern

May 4, 2005

Confidence among U.S. workers rose slightly in April as the Hudson Employment Index edged up 1.2 points from 101.2 to 102.4. Despite the increase, workers expressed continued uneasiness about their...

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Nufab Rebar announces acquisition

May 4, 2005

Nufab Rebar LLC, Nucor Corp.'s rebar fabrication joint venture with Ambassador Steel Corp., has announced that it has acquired Lulich Steel LLC. Lulich Steel is a rebar fabricator serving the...

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Small businesses struggle to attract top talent

May 3, 2005

Almost three in four small business owners say their most serious disadvantage when hiring new employees, compared with larger companies, is the ability to provide a competitive package of benefits...

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Manufacturing orders, production, employment expanding

May 3, 2005

Economic activity in the U.S. manufacturing sector grew in April for the 23rd consecutive month, while the overall economy grew for the 42nd consecutive month, said the nation's supply executives in...

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Wheeling-Pittsburgh to idle No. 1 blast furnace

May 3, 2005

Wheeling-Pittsburgh Steel Corp. today announced that it will idle its No. 1 blast furnace permanently on Thursday, May 5. The shutdown will end more than 100 years of service by one of the oldest...

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Manzullo: IRS should assist small business owners

April 29, 2005

In a full committee meeting held April 27 to explore ways to close the tax gap, House Small Business Committee Chairman Don Manzullo (R-IL) said the Internal Revenue Service (IRS) should expand its...

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Economy, business investment slowing

April 28, 2005

During the first quarter, the U.S. gross domestic product (GDP) grew at its weakest pace in two years, slowing to a 3.1 percent annual expansion rate as consumers and businesses curbed spending amid...

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Timken Latrobe Steel completes upgrade

April 28, 2005

Timken Latrobe Steel today held an inaugural ceremony to launch the upgraded continuous rolling mill at its Latrobe, Pa. plant.The mill is equipped with electric induction and resistance heating and...

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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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