The U.S. Dept. of Commerce issued a preliminary determination Aug. 28
that Chinese imports of welded austenitic stainless steel pressure pipe were
dumped at a margin of 22.03%.
Hercules Chemical Co. announced that, on Friday, Aug. 22, 2008, it filed a petition for
bankruptcy relief under Chapter 11 with the United States Bankruptcy Court for
the Western District of Pennsylvania.
The New York Times reports that, with the housing market in the doldrums and inflation
running at a pace unseen in nearly two decades, consumers are not buying new
homes. Instead they are focusing on repairs.