NEW YORK AMM presented 15 Awards for Steel Excellence to 13 companies and one individual at a June 17 dinner in New York celebrating best-in-class initiatives that have introduced real and quantifiable change to the steel industry.
The fifth annual awards program recognized the efforts of individuals and companies whose ingenuity, dedication and difference-making savvy distinguished 2014s honorees from their peers over the past 12 months.
A panel of distinguished judges with a wide-ranging level of expertise evaluated a record number of nominations using a point-based qualitative approach to identify demonstrated excellence among nominees drawn from mills, distributors and other service providers with operations in North America.
The 2014 winners of AMMs Awards for Steel Excellence are:
Best Innovation: Product Material Sciences Corp.
Material Sciences Corp. (MSC) developed a lightweight steel laminate or metal composite that is both highly formable and weldable and can offer substantial mass savings vs. monolithic steel. The MSC lightweight laminate solution addresses many of the concerns that arise when making sweeping changes to vehicle design over a short period, while reducing risk and minimizing the need to compromise performance.
Best Innovation: Process ArcelorMittal
Steelmaker ArcelorMittal is transforming automaking through such advances as the door ring on Honda Motor Co.s 2014 Acura MDX. The vehicles hot-stamped, laser-welded door ring, a three-year innovation achieved using ArcelorMittals Usibor 1500a patented aluminum-silicon-coated steel product with a high ultimate tensile strengthand ArcelorMittal Tailored Blanks innovative laser-welded blank technology achieved an optimal balance in weight reduction, safety, performance and cost.
Best Mergers & Acquisitions Reliance Steel & Aluminum Co.
Reliance Steel & Aluminum Co. made its largest acquisition to date last year with its $1.24-billion acquisition of Metals USA Holdings Corp., adding 48 service centers across the United States to Reliances stable of operations.
Best Operational Improvements Severstal North America: Columbus
After assessing several processes at its Columbus, Miss., plant, Severstal North America Inc. implemented a number of improvements to address supply chain, chemistry, safety and environmental issues. For scrap purchase and use optimization, the company began using a value-in-use model analysis to smooth out highs and lows of purchasing scrap and to ensure more consistency in its buying practices.
Technology Provider of the Year Borusan Mannesmann Pipe U.S. Inc.
Turkish steel pipe manufacturer Borusan Mannesmann, with U.S. headquarters in Houston, built a $150-million electric-resistance welded pipe mill and accompanying heat-treatment plant in Baytown, Texas, the first Turkish-owned plant in the United States. The company began building the new state-of-the-art ERW rolling mill last year and construction was completed in record time.
Financial Services Company of the Year Bank of America Merrill Lynch
Bank of America Merrill Lynch has a long history of providing asset-based and cash flow financing for middle market to large corporate companies in the steel industry, both domestically and globally, along with other bank products and services such as treasury solutions and foreign exchange. Its capital markets and investment banking capabilities provide its clients access to the private placement, institutional term loan, high yield and convertible debt markets along with M&A advisory services. Its commodities risk management offerings include hot-rolled coil, iron ore, natural gas, power, diesel and base metals such as nickel.
Information Technology Company of the Year Schneider Electric Industries SAS
As an expert in mining, minerals and metals, Schneider Electric Industries SAS provides solutions to maximize production, increase overall efficiency and optimize asset utilization. Schneider Electrics Energy Management Information System for the iron and steel industry helps steelmakers accomplish this through an integrated energy/production system that delivers monitoring, data analytics and decision-making.
Environmental Responsibility/Stewardship AEP River Operations LLC
AEP River Operations LLC executives said the companys environmental objectives can be summed up in two words: zero harm. The company has made a commitment to protect and enhance the quality of the environment as it conducts its business. AEP River Operations complies with all applicable environmental laws, regulations and requirements, and audits its performance regularly to verify compliance.
Logistics Provider of the Year AEP River Operations LLC
As a highly coordinated team of shore-side and vessel teammates, AEP River Operations LLC offers pace-setting service in barge transportation of dry bulk commodities and project cargo throughout the inland waterways. Its fleet of nearly 3,000 hopper barges ranks as one of the newest and most dependable in the industry.
Scrap Company of the Year: Small/Midsize Columbus Scrap Material Co.
Columbus Scrap Material Inc. is a fast-growing provider of ferrous and nonferrous metal recycling services with five facilities in Mississippi and Tennessee. Its customers are primarily industrial manufacturers ranging in size from Fortune 500 accounts to regional and local businesses, as well as daily peddler customers, while its consumers include foundries and steel processing facilities.
Scrap company of the year: Large Scrap Metal Services LLC
Scrap Metal Services LLC is a supplier of ferrous and nonferrous scrap commodities to both domestic and international consumers. SMS has seen revenue growth of more than 270 percent over the past five years, and company forecasts for the next five years are bullish.
Service Center of the Year: Small/Midsize Berlin Metals LLC
Berlin Metals LLC uses an annual, formal customer satisfaction survey as its basis for setting improvement objectives. The 2013 survey showed that 98 percent of respondents would strongly recommend the company, with 95 percent saying the company had earned their support.
Service Center of the Year: Large Steel Warehouse Co.
Steel Warehouse Co. is a family owned service center specializing in high-strength heavy-gauge, pickling and cut-to-length temper-passed hot-rolled steel sheet and heavy-gauge hot-rolled steel slit coil. It handles precision slitting and blanking for cold-rolled and coated steel, and operates a narrow strip cold mill that produces cold strip product.
Steel Producer of the Year Nucor Corp.
During the past year, Nucor Corp. made considerable progress on its strategy to enhance the companys competitive position in a changing global steel industry and to expand its penetration of the automotive, energy, transportation, agricultural and industrial equipment markets. To maintain its competitive advantage, Nucor embarked on projects designed to give it greater control over its raw material costs and allow it to produce a larger variety of higher-margin products. Since 2008, Nucor has invested $8 billion in projects that are part of this strategy and achieved a major milestone with the start-up of its $750-million direct-reduced iron plant in Louisiana.
Industry Ambassador/Advocate of the Year Michelle Gallanter Applebaum
Michelle Gallanter Applebaum founded and served as managing partner of Steel Market Intelligence Inc., a five-member research and consulting company in Chicago, after serving the industry over a distinguished career as a steel analyst. Applebaum previously held analyst positions at Citigroup Inc. and Salomon Brothers Inc. During her years on Wall Street, she was the top-rated steel industry analyst according to the Institutional Investor All-Star poll for a dozen years.