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Industry News
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World Crude Steel Production on the Rise
World crude steel production for the 66 countries reporting to the International Iron and Steel Institute (IISI) was 119.5 million metric tons (mmt) in March, 5.8% higher than the same month last year.
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LOI to Supply Roller-Hearth Furnace
LOI Thermprocess has received a contract from Volvo Powertrain to supply a roller-hearth furnace for the gas carburizing of transmission parts to increase production capacity at its Köping, Sweden, plant.
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U.S. Steel Breaks Ground at Granite City
United States Steel Corp. and SunCoke Energy broke ground on a $570 million joint capital investment program to construct a new state-of-the-art 650,000-ton/year coke facility adjacent to U.S. Steel’s Granite City (Illinois) Works.
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Esmark Agrees to Merge with Essar
Steelmaker and distributor Esmark Inc. has agreed to a proposed merger with Essar Steel Holdings Ltd. at a price of about $670 million.
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Bodycote to Sell Testing Unit
Bodycote International has indicated it plans to sell its testing unit and expects to formally contact potential purchasers.
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