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  • Universal Metal's Joe Freilich dies Jun 30, 2005

    Joseph Freilich, the founder of what is now Universal Metal Corp., Worcester, Mass., died recently at age 90.

  • Nastas, Siemers step up to key positions at Material Sciences Jun 30, 2005

    Material Sciences Corp. (MSC), Elk Grove Village, Ill., said it has elected Clifford D. Nastas, its chief operating officer, to the additional post of president, with Jeffrey J. Siemers, chief financial officer, also taking on new assignments.

  • USSK reline idles furnace until late August, trimming 240,000T Jun 30, 2005

    U.S. Steel Kosice s.r.o. (USSK), the Slovakian arm of U.S. Steel Corp., Pittsburgh, said Thursday it has taken its No. 2 blast furnace offline for a partial reline.

  • USSK reline idles furnace until late August, trimming 240,000T Jun 30, 2005

    U.S. Steel Kosice s.r.o. (USSK), the Slovakian arm of U.S. Steel Corp., Pittsburgh, said Thursday it has taken its No. 2 blast furnace offline for a partial reline.

  • LME N. American alloy stocks up Jun 30, 2005

    London Metal Exchange stocks available to fulfill North American aluminum alloy transactions jumped 2.3 percent Wednesday following the arrival of $3.9 million of material in Baltimore.

  • OMG earnings skid on weaker cobalt prices Jun 30, 2005

    Cobalt refiner OM Group Inc., Cleveland, released unaudited financial statements for the first quarter of 2005 Thursday after a delay caused by an investigation by the Securities and Exchange Commission.

  • AK to boost grain-oriented steels Jun 30, 2005

    AK Steel Corp., Middletown, Ohio, said Thursday it planned to increase transaction prices for its regular grain-oriented and Tran-Cor H electrical steel products effective with shipments Aug. 1.

  • Novamerican Steel cites pricing pressure for decline in earnings Jun 30, 2005

    Steel and aluminum processor and distributor Novamerican Steel Inc., Montreal, said net income during its fiscal second quarter ended May 28 declined 57.8 percent to $8.7 million on sales that increased 6.7 percent to $13.7 million from the year-earlier quarter.

  • Dubose takes the lead out of new heat-treat steel strapping process Jun 30, 2005

    Dubose Strapping Inc., Clinton, N.C., said it was beginning promotion of a new heat-treating process it has developed that allows the production of high-tensile steel strapping without the use of lead in the quench system.

  • Die-caster Spartan Light Metal taps Masterman for newly created post Jun 29, 2005

    Die-casting company Spartan Light Metal Products Inc., St. Louis, has appointed Andrew Masterman to the newly created position of president and chief operating officer in a reflection of the company's growth and strategic planning.

  • Ryerson Tull to prune jobs as it works Integris into mix Jun 28, 2005

    Service center giant Ryerson Tull Inc. expects to cut an undetermined number of jobs as part of a preliminary plan to consolidate facilities and restructure its organization following the $644-million purchase of the Integris Metals Inc. service center group earlier this year.

  • Worthington posts record net income, sales Jun 27, 2005

    Worthington Industries Inc.'s net income more than doubled to a record $179.4 million in its fiscal year ended May 31 from $86.8 million the previous year on sales that jumped 29.4 percent to a record $3.08 billion.

  • Steel Tech to miss shipment mark Jun 27, 2005

    Steel processor Steel Technologies Inc., Louisville, Ky., expects to report lower-than-anticipated shipments and increased margin compression in its fiscal third quarter ending June 30.

  • Metaldyne gets Ford supply pact for transmission clutch modules Jun 27, 2005

    Metal-based components manufacturer Metaldyne Corp., Plymouth, Mich., said it will combine expertise in metal forming, aluminum die-casting and machining and assembly in a new contract to supply transmission clutch modules for a new Ford Motor Co. transmission.

  • Material Sciences' Quiet Steel makes itself heard in earnings Jun 27, 2005

    Laminated steel producer Material Sciences Corp. has returned to profitability, posting net income of $859,000 in its fiscal year ended Feb. 28 in contrast to a $13.9-million net loss the previous year on sales that rose 8.9 percent to $264.9 million.

  • Ferguson Metals slates $1.3-million expansion Jun 27, 2005

    Ferguson Metals Inc. plans to break ground on a $1.3-million expansion by the end of this month.

  • North American auto output still in slow lane Jun 24, 2005

    North American production of family vehicles totaled 1,344,366 units in May, down 1.1 percent from 1,359,334 the previous month and 0.7 percent from 1,353,411 in May 2004, according to data from Ward's Communications.

  • US machine tool consumption slips 8.3% Jun 17, 2005

    U.S. machine tool consumption totaled $257.39 million in April, down 8.3 percent from a revised $280.55 million the previous month but up 29 percent from $199.60 million in April 2004, according to a joint report by the American Machine Tool Distributors' Association, Rockville, Md., and the Association for Manufacturing Technology, McLean, Va.

  • Kuttner gets emission system pact Jun 16, 2005

    Atlantic States Cast Iron Pipe Co., Phillipsburg, N.J., a division of McWane Inc., has awarded a contract for a new cupola emission control system to Kuttner LLC, Port Washington, Wis.

  • Alcoa division supplies fasteners to students for solar-powered car Jun 15, 2005

    CHICAGO - Alcoa Inc.'s Alcoa Fastening Systems (AFS) business has supplied more than 130 varieties of fasteners for a solar-powered car designed by students at the University of Michigan for a two-country race.

  • Dana wins patent for microwave plasma-assisted joining of parts Jun 14, 2005

    Automotive parts supplier Dana Corp., Toledo, Ohio, has been awarded the first patent for its AtmoPlas microwave atmospheric plasma-heating technology for plasma-assisted joining of metal components.

  • Brush Wellman alloy strip product debuts for high conductivity uses Jun 14, 2005

    Brush Wellman Inc.'s Alloy Products Group has introduced a copper-beryllium alloy strip product for use in contacts and interconnects in automotive, white goods appliances, data communications and telecommunications applications, along with burn-in and test socket uses.

  • Nymex in venture to establish 1st Mideast energy futures exchange Jun 13, 2005

    The New York Mercantile Exchange has formed a 50-50 joint venture with Dubai Holding, an investment arm of the Dubai government, called the Dubai Mercantile Exchange (DME).

  • US construction contracts still building Jun 10, 2005

    The value of new construction contracts increased 2 percent in April to a seasonally adjusted annual rate of $599.6 billion. Nonresidential building continued to show improvement after its weak performance at the beginning of this year, residential building was essentially steady and nonbuilding construction (public works and utilities) registered a moderate decline, according to the McGraw-Hill Construction division of the McGraw-Hill Cos., New York.

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What is causing the most weakness to the U.S. metals industry?

Imports
Stagnant non-residential construction demand
Sequestration and government cuts
Global uncertainty, particularly in Europe
Too many suppliers chasing too few orders


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