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Steel Imports Drop 23 Percent 07/01/2009- Washington, D.C. - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of June totaled 810,000 net tons (NT). | | | | Steel Imports Decline 17% in May 06/24/2009- Washington, D.C. – Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,020,000 net tons (NT) of steel in May 2009, including
1,002 ,000 NT of finished steel (down 17% and 11%, respectively, vs. April final data). | | American Steel Industry Supports New WTO Case Against China 06/23/2009- The American Iron and Steel Institute (AISI), the Committee on Pipe and Tube Imports (CPTI), the Steel Manufacturers Association (SMA), the Specialty Steel Institute of North America (SSINA) and the United Steelworkers (USW) today indicated their strong support for a new World Trade Organization (WTO) dispute filed by the United States and European Union. The case challenges China’s export restrictions on key raw materials and minerals used in manufacturing. | |
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Some Optimism For US Auto Market With June Sales 07/02/2009- DETROIT -- After a yearlong free fall in the American car market, the decline of sales slowed in June, offering hope to automakers that the bottom has been reached and more shoppers may slowly start returning to showrooms soon. | Manufacturing Stabilizes, But Labor Market Is Still Weak 07/02/2009- Declines in U.S. manufacturing activity slowed last month, raising the likelihood that the sector -- and perhaps the broader economy -- could see growth in the second half of the year. But separate reports showed the labor market remains weak, an obstacle to recovery. | China To Boost Ties With IMF 07/02/2009- BEIJING – China will next week take an important step towards reconciliation with the International Monetary Fund, agreeing to disagree about its controversial currency policy in order to return to good standing in an organization it hopes to influence. | Will The Global Warming Bill Cool The Global Economy? 07/02/2009- Last Friday, the U.S. House of Representatives approved the landmark American Clean Energy and Security Act by a narrow seven-vote margin, including 44 "no" votes from Democrats. The legislation, also known as Waxman-Markey (after its sponsors) or the "climate bill," will face an even tougher audience in the Senate, where it must meet a 60-vote threshold. | China Opposed To Tariff Plan In US Climate Bill 07/02/2009- BEIJING - China said Thursday it opposed part of a landmark U.S. bill to cut greenhouse gas emissions, saying tariffs should not be imposed on countries that do not cut emissions. | China Aims To Settle Iron Ore Price By End-July 07/02/2009- Chinese steelmakers, the world’s biggest, aim to conclude annual contract iron ore talks by the end of this month and may consider trimming their price cut demands, a company executive said. | | | Canada To Match U.S. Climate Change Rules 07/01/2009- Canada will adopt climate-change regulations comparable to those of the United States – including new rules for oil sands producers and refiners – to avoid punitive “green” tariffs, Environment Minister Jim Prentice says. |
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