Metals firms weather storm, assess damage

Oct 30, 2012 | 03:05 PM | Corinna Petry

Tags  Hurricane, flooding, road closures, bridge closures, Metals USA Holding, Lourenco Goncalves, U.S> Steel, Fairless Gerdau Long Steel

CHICAGO — Metals companies spent Tuesday assessing the impact of former Hurricane Sandy, which left a wide swath of flooding, power outages and road and bridge closures along much of the East Coast.

Many processing and distribution facilities remained closed Tuesday, while others said they planned to reopen Tuesday afternoon or early Wednesday after reviewing the damage. Several parts of New York, New Jersey, Massachusetts and Connecticut reported severe disruptions to telephone and electric service Tuesday, while a number of metal companies reported staff shortages.

Metals USA Holdings Corp., which operates a number of East Coast service centers, suffered minor damage at several locations "in the path of Sandy," chairman, president and chief executive officer Lourenco Goncalves told AMM, noting that crews were on site Tuesday cleaning up debris.

"The biggest problem is with transportation systems, which are in disarray. We are unable to ship material from all locations at our leisure. We have to take into consideration the viability of the roads and the receiving customers," Goncalves said.

Pittsburgh-based U.S. Steel Corp., which said Monday it had idled operations at its Fairless galvanizing operation near Philadelphia (, Oct. 29), told AMM that the facility appeared to weather the storm unscathed and was expected to reopen sometime Tuesday.....

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