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Universal Stainless & Alloy Products reports a recovery in the markets it serves. Despite posting a net loss for the fourth quarter and full year 2021, the Pennsylvania-based company is planning an expansion of its melting capacity to meet increasing demand. In 2021, Universal added a new vacuum arc-remelting furnace and an 18-ton vacuum induction melting crucible at its operations. It plans to build two additional VAR furnaces this year, Kallanish learns from…
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