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Prices paid for factory bundles from Chrysler Group’s stamping plants are down by about $35 a long ton in those regions where the bundles have been bought this month, industry sources said.
Cleveland-Cliffs Inc., Cleveland, has resumed limited crushing and concentrating at its United Taconite plant in Forbes, Minn., where operations were idled by electrical explosions three weeks ago.
Stronger nonferrous prices and rising overseas demand for ferrous scrap helped Metal Management Inc. (MMI) post sharply higher sales and earnings during its fiscal second quarter.
Marmon/Keystone Corp., Butler, Pa., has completed agreements to build a 100,000-square-foot service center in Little Chute, Wis., that will operate as a satellite of the company’s Chicago facility.