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Hundreds of U.S. trade organizations are petitioning the United States Congress to address a tax issue in the Paycheck Protection Program. A letter co-signed by the organizations, sent to Speaker of the House Nancy Pelosi and Senate Majority Leader Mitch McConnell, among others, relates to a technical correction to the treatment of loan forgiveness.
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Samuel Roll Form Group has opened its expanded manufacturing facility in Tishomingo County, Miss. The group is a division of Samuel, Son & Co. Ltd.
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Allegheny Technologies Incorporated, Pittsburgh, will exit the standard stainless sheet market to streamline its production footprint and invest in enhanced capabilities to accelerate its push into higher value end markets, the company announced.
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International technology Group ANDRITZ has received an order from Guangxi Shenglong Metallurgical Co. Ltd., China, to supply a new cut-to-length line and leveler. The startup is planned for the 4th quarter of 2021.
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Metalworking and metal fabrication machine manufacturer MC Machinery, headquartered in Elk Grove Village, Ill., has opened a new Southeast Technology Center in Concord, N.C., featuring a showroom and offices for service and applications employees.
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![Cincinnati Incorporated Appoints New President, CEO]()
Cincinnati Incorporated has appointed Timothy Warning as president and CEO of the Hamilton, Ohio-based company. He will also join the board of directors at CI.
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American Industrial Partners has completed its purchase of the former Aleris North American automotive and common alloy aluminum rolled products business which conducted its principal operations out of Lewisport, Ky. Under AIP ownership the business has been renamed Commonwealth Rolled Products.
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Blue Blade Steel is recovering from a recent fire at its operations in Kenilworth, N.J. The fire affected some operations in the building, with production moved to a different area of the facility. Furnaces at the facility are being tested and calibrated this week.
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The board of directors of the American Iron and Steel Institute have named Kevin Dempsey as president and CEO of the AISI. Dempsey had been serving as interim president and CEO since June when he was appointed to succeed Thomas J. Gibson. Prior to that appointment, Dempsey had served as AISI’s senior vice president for public policy and general counsel since 2009.
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Kaiser Aluminum Corp., will acquire the Alcoa Warrick rolling mill near Evansville, Ind. The purchase price is $670 million, including $587 million in cash and the assumption of $83 million in debt.
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