Oct 29, 2010 | 11:59 AM
Loose change, by the bucket
In these days of high raw material prices, specialty steelmakers might wish they could have the same luck as Universal Stainless & Alloy Products Inc. As part of the Bridgeville, Pa.-based company's $13-million capital expenditure project, the specialty long products maker has been upgrading its melt shop and scrap operations—modifying the plant layout and material handling systems to improve product flow. Dennis Oates, chairman, president and chief executive officer, told analysts during the company's third-quarter conference call that during the revamp of its scrap building, the company reclaimed some scrap it didn't know it had. Universal Stainless keeps its scrap in metal bins that sit on dirt floors; a claw....
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