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Shipments of iron ore continue to lead the way as the 2017 shipping season moves into the final months of the year. More than 6.6 million tons of iron ore has been shipped through the St. Lawrence Seaway this year, nearly 44 percent more than in 2016. 

Novelis, a leader in aluminum rolling and recycling, reported net income of $307 million for the second quarter of fiscal year 2018, compared to a net loss of $89 million in the prior year period.

Nucor Corporation will build a full-range merchant bar quality (MBQ) mill at its existing bar steel mill located in Bourbonnais, Illinois. The MBQ mill will have an annual capacity of 500,000 tons and is expected to cost $180 million. The project will take approximately two years to complete.

Novelis stated that its Advanz™ 6HF - e/s200 aluminum alloy is now available in North America following its successful application in Europe.

The overall recycling rate for aluminum beverage cans in Europe (EU 28 + EFTA) increased by 1.6 percent to a new record level of 72.9 percent in 20141.

Nucor Corporation announced consolidated net earnings of $268.5 million, or $0.83 per diluted share, for the third quarter of 2017. By comparison, Nucor reported consolidated net earnings of $323.0 million, or $1.00 per diluted share, for the second quarter of 2017 and consolidated net earnings of $305.4 million, or $0.95 per diluted share, for the third quarter of 2016.