Chicago flooding creates headaches

Apr 18, 2013 | 06:03 PM | Thorsten Schier

Tags  Chicago, flooding, ferrous scrap, stainless scrap, TMK-Ipsco, ArcelorMittal USA, Reliance Steel & Aluminum, Thorsten Schier

NEW YORK — Torrential rains in and around Chicago caused highway closures and headaches for some area metals companies toward the end of this week, although most reported minimal lasting impact.

Multiple roads were shut down in suburbs of Chicago, including Downers Grove, Ill., home of TMK-Ipsco, a subsidiary of Moscow-based OAO TMK. The company had closed its facilities in the area for the day, a spokesman said April 18, noting that the closures were "administrative only" and not expected to affect operations. ....

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