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Two key Russian steel companies, Magnitogorsk Metal Combine and Severstal (owned by billionaire Alexei A Mordashov), have publicly stated they are looking at mines owned by Akhmetov's System Capital Management.
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Prime Minister Yulia Tymoshenko warned on Monday that Ukraine was heading for stagnation, with global demand falling for its key exports - steel and chemicals - and banks unable to extend consumer credit.
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However, the steel ETF has recently broken below key short-term support at its 10-day and 20-day moving averages, and is now testing round-number support in the 40 region.
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Ford has developed a prototype vehicle--the P2000--that replaces steel and cast iron in several key components as part of an effort to reduce the weight of a vehicle by 40%, which would create dramatic fuel efficiencies.
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His agenda called for a Bolivar Revolution of nationalization of key industries in energy, steel, food products, and finance, including takeovers of foreign assets of international companies, such as of Conoco Phillips, Statoil, Holcim, and Cargill.
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Iron ore, also a key component in the production of steel, seems poised to pop.
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Lightweight materials aluminum, magnesium, carbon fiber and new kinds of steel are going to be the key to achieving higher gas mileage in the future, industry executives say.
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After his ally lost 2004 presidential election had his key asset, Ukraine's largest steel company, Kryvorizhstal, reprivatized.
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There's been an angry reaction to the introduction of steel tariffs designed to protect steel producers in Rust Belt states, like Pennsylvania and West Virginia, key electoral battlegrounds.
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Ranina, a Mumbai-based corporate tax lawyer, said Mr. Mistry's key target would be to turn around Tata Group's international steel business and consolidate all the other businesses.
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