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Cliffs launches $200M share buyback program

Iron ore miner Cliffs Natural Resources Inc.’s directors have authorized share buybacks worth up to $200 million, the company said Aug. 25.

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Explosion kills two at Totall Metal Recycling

An explosion at Totall Metal Recycling Inc.’s Granite City, Ill., recycling plant killed two people and injured at least one other, according to a Reuters report.

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Alcoa to shut down smelter in Italy

Alcoa Inc. will permanently close its Portovesme primary aluminum smelter in Carbonia-Iglesias, Italy.

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HudBay to merge Augusta with an indirect unit

HudBay Minerals Inc. has entered into an agreement to merge Augusta Resource Corp. with an indirect, wholly owned subsidiary of HudBay.

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Empire Industries’ earnings, sales jump

Empire Industries Ltd.’s earnings and sales jumped in the second quarter on more profitable bookings in its steel fabrication segment.

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Creditors seek examiner in Worley bankruptcy

A Memphis-based metal recycler in the midst of bankruptcy proceedings is objecting to a creditors’ request to appoint an independent examiner.

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SDI said mulling Gallatin Steel acquisition

Steel Dynamics Inc. (SDI) is mulling an acquisition of electric-arc furnace hot-rolled coil producer Gallatin Steel Co., according to market sources.

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Sims Metal Management trims losses

Sims Metal Management Ltd. narrowed its losses in its fiscal year ended June 30 on strong performances in Australia and Europe, which offset a weaker performance in North America...

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Sims trims losses despite N. America weakness

Sims Metal Management Ltd. narrowed its losses in its fiscal year ended June 30 on strong performances in Australia and Europe, which offset a weaker performance in North America...

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Plate prices poised to rise, sentiment mixed

Plate prices appear poised to move upward after three major domestic producers recently announced increases of $30 to $40 per ton ($1.50 to $2 per hundredweight).

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