How To Use Steelmaker In A Sentence
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For decades, steelmakers have used highly polluting ovens to turn powdery coal and iron ore into chunks called coke and sinter, which are melted with superheated air to make iron.
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A host of smaller steelmakers and industries went too, some hiring former metalworkers as minimum-wage sweepers or security guards until the demolition crews arrived.
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During the fourth quarter, Chinese steelmakers pressured Vale to move to a new system for calculating contracted iron-ore prices, based on the current spot-market prices, instead of the backward-looking system based on a previous quarter.
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We believe severe overcapacity and low self-sufficiency in iron-ore and coking coal could result in Chinese steelmakers facing a prolonged period of close to trough-cycle margins," brokerage Goldman Sachs said in a note on Tuesday after downgrading Angang Steel to a Sell from Neutral.
China Steel Makers' Shares Tumble
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In the midst of the commodity craze in 2007, Chen waged a hostile takeover of a Hong Kong-listed steelmaker that was ultimately defeated with the backing of steel tycoon Lakshmi Mittal.
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Moving from the long-term contract model toward the spot market model, China's steelmakers have continually been under the thumb of the three big iron ore producers.
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In late May, Japanese and South Korean steelmakers agreed price cuts with the three mining companies that dominate the trade in iron ore—Rio, BHP Billiton and Vale.
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German steelmaker ThyssenKrupp is creating what it describes as a virtually integrated steel operation, linking workers on three continents by elaborate computer networks and software systems.
Thyssen
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For decades, steelmakers have used highly polluting ovens to turn powdery coal and iron ore into chunks called coke and sinter, which are melted with superheated air to make iron.
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But industry analysts have said they don't expect steelmakers to object to such a combination or believe that a linkup would lead to antitrust issues because there are still enough other big producers of steelmaking coal.
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Mr. Carrabba said Cliffs, which produces iron ore as well as metallurgical coal used by steelmakers, plans to quantify the impact of stepped-up enforcement going forward to better predict productivity.
Coal Margins Pressured by Crackdown
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Agence France-Presse/Getty Images German steelmaker ThyssenKrupp is creating what it describes as a virtually integrated steel operation, linking workers on three continents by elaborate computer networks and software systems.
Thyssen
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Wolfgang Eder, CEO of Austrian steelmaker Voestalpine AG, said that the company is maintaining its competitive edge by focusing on more advanced grades of steel.
China Steps Up Its Steelmaking Game
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Mr. Schroeder expects Patriot to meet its contractual obligations through output from its other mines, with the closure of Harris affecting its sales into the spot market, where steelmakers go for immediate supplies beyond their longer-term contracted amounts.
Patriot Stumbles Amid Mine Closure
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Posco, the world's No. 3 steelmaker by output after ArcelorMittal and Baosteel, raised prices of shipbuilding plates, hot-rolled and cold-rolled coils by 16%-18% in April, the first price increase since July 2010, to pass high raw material costs onto clients.
Posco's Net Rises, but Operating Profit Falls 11%
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In June this year, eight major U.S. steelmakers, including Bethlehem Steel Corp. and USX Corp., filed a petition with the Commerce Department and the ITC on the cold-rolled steel products.
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The biggest barrier to the deal is approval by the European Union's executive arm, the European Commission, which is being lobbied hard by steelmakers worried about higher prices.
Rio Tinto-BHP Iron-Ore JV Is Losing Luster
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German steelmaker ThyssenKrupp is creating what it describes as a virtually integrated steel operation, linking workers on three continents by elaborate computer networks...
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That included China's bottom-line iron ore price and every steelmaker's inventory, production cost, schedule and manufacturing details.
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The biggest barrier to the deal is approval by the European Commission, which is being lobbied hard by steelmakers worried about higher prices.
Rio Tinto-BHP Iron Ore JV Losing Luster
