• Royal Laser in deal to acquire Apogee Slitting Sep 17, 2007

    Only 10 days after naming a new president for its Venture Steel Inc. subsidiary, Royal Laser Corp., Toronto, has signed a letter of intent to buy steel service center Apogee Slitting, Mississauga, Ontario, for up to Canadian $13.7 million ($13.3 million).

  • Jacquet adds service center in Wisconsin Sep 17, 2007

    Jacquet Metals SA, a stainless and nickel alloy plate distributor, has added a service center in Racine, Wis., it’s third in the United States, while expanding its original Pennsylvania facility and adding inventory and making other changes in Houston.

  • UAW targeting GM in its talks for labor deal Sep 14, 2007

    With a four-year contract expiring at midnight Friday, United Auto Workers (UAW) union members reportedly stepped up preparations for a possible strike against General Motors Corp.

  • BMG Metals plans to acquire distributor ALN in Baltimore Sep 14, 2007

    Metals distributor BMG Metals Inc., Richmond, Va., has agreed to buy the assets of specialty metals distributor ALN Metals Inc., Baltimore, for an undisclosed price.

  • MELTING POT Trade winds shifting? Sep 14, 2007

    The moderator of a panel discussion by carbon and alloy plate mill executives found an interesting query in the stack of audience-submitted questions at the Metals Service Center Institute's Economic Summit Forecast in Schaumburg, Ill. "With the significant foreign ownership in the plate industry, going forward on a global basis do you expect to see fewer trade cases?"

  • Bucking trend, US-China deficit mounts Sep 13, 2007

    While the U.S. trade deficit for goods and services edged slightly lower in July, U.S. manufacturers were in no mood to celebrate as the trade deficit with China jumped 21.6 percent to $23.8 billion from $19.6 billion in the same month last year.

  • Russel to halt US notes reporting Sep 11, 2007

    Russel Metals Inc., Mississauga, Ontario, said it would end reporting under U.S. law on its 6.375-percent senior notes due in 2014, taking advantage of a new change in requirements.

  • More consolidation seen for automotive suppliers Sep 11, 2007

    Automotive production is expected to remain flat through most of next year, with a possible recovery beginning from North American capacity additions scheduled late in 2008 and as auto suppliers continue to consolidate.

  • ArvinMeritor to shut 2 plants, shift more business to Mexico Sep 11, 2007

    Auto equipment manufacturer ArvinMeritor Inc., Troy, Mich., plans to close shock absorber plants in Chickasha, Okla., and Toronto and shift more operations to Mexico as part of a previously announced restructuring.

  • US manufacturing loses 46,000 jobs in Aug. Sep 10, 2007

    Federal government figures showing that the United States lost 46,000 manufacturing jobs last month sent shockwaves through Washington’s manufacturing community.

  • Corporate bankruptcy law reform must balance needs, rights USW Sep 10, 2007

    The U.S. corporate bankruptcy system needs to be overhauled, the United Steelworkers union told a House subcommittee.

  • SMS Demag, Steelman Software in deal Sep 10, 2007

    Metals information management software company Steelman Software Solutions Inc., Toronto, has signed SMS Demag AG, Düsseldorf, Germany, to be its first European value-added reseller.

  • Timken bearings provide rail car boost Sep 10, 2007

    Timken Co., Canton, Ohio, has supplied bearings to a Norwegian mining company that have allowed it to increase the load capacity of freight cars transporting iron ore. Rana Gruber AS is Timken’s first rail customer in Norway, where extensive upgrading of rail freight operations is expected in coming years.

  • Ryerson antitrust waiting period expires Sep 10, 2007

    Ryerson Inc. said the Hart-Scott-Rodino antitrust waiting period for the proposed $2-billion acquisition of the company by Platinum Equity LLC, Beverly Hills, Calif., has expired, completing the pre-closing U.S. antitrust review process for the transaction, executives said in a statement.

  • Gibraltar Industries buys Kansas mailbox manufacturer Florence Sep 10, 2007

    Gibraltar Industries Inc., Buffalo, N.Y., has purchased Florence Corp., a Manhattan, Kan.-based manufacturer of engineered storage products, for an undisclosed price.

  • Baosteel, NYK in 20-year iron ore transport deal Sep 10, 2007

    Shanghai Baosteel Group Corp. has awarded a 20-year charter contract to Japan’s Nippon Yusen Kabushiki Kaisha (NYK) to transport iron ore from Western Australia to China, the fifth such contract between the two companies.

  • Chengde hikes Hongda’s iron fines capacity Sep 10, 2007

    Chinese steel and vanadium producer Chengde Iron & Steel Group has expanded iron ore fines capacity at its mining joint venture in Inner Mongolia to 900,000 tonnes a year.

  • MELTING POT Keep 'em comin' Sep 07, 2007

    News last week that the first test flight of the Boeing 787 Dreamliner has been postponed from September to November-December raised the possibility to some outsiders that it might signal a possible stretch-out in supplier deliveries.

  • Trader Richard Probst dies at 84 Sep 07, 2007

    Richard (Dick) J. Probst, a longtime trader at Aaron Ferrer & Sons in Omaha, Neb., died last month at the age of 84.

  • High participant level confirms mercury switch program merits Sep 07, 2007

    In an Aug. 31 story, Mercury switch recovery program building momentum, albeit slowly, the overriding theme seemed to be that the National Vehicle Mercury Switch Recovery Program (NVMSRP) is fraught with downside indicators that show how poorly it is progressing after completing the first year of its life. As a representative of the participating companies of the Steel Manufacturers Association to the NVMSRP steering group, I wish to draw attention to the merits and accomplishments of the program.

  • Delphi settles with GM, plots Ch. 11 exit Sep 07, 2007

    Auto parts manufacturer Delphi Corp. said it has settled all of its outstanding disputes with General Motors Corp., its former parent and largest customer, ahead of filing a reorganization plan with a New York bankruptcy court that could allow it to emerge from Chapter 11 later this year.

  • China port officials clearing container backlog Sep 07, 2007

    Port authorities in China are close to clearing the backlog of vessels that built up during a major crackdown on importers trying to avoid complying with new duties, trade sources said.

  • Mercedes to use safety components from Alcan Sep 06, 2007

    Alcan Inc., Montreal, is supplying DaimlerChrysler AG’s Mercedes-Benz division with all-aluminum crash-management systems for the new Mercedes C-Class.

  • Klein Steel takes over former Gibraltar site Sep 06, 2007

    Klein Steel Service Inc., Rochester, N.Y., is moving its Buffalo, N.Y., service center from an unheated, leased 80,000-square-foot warehouse in a southern suburb to an 110,000-square-foot facility in a northern suburb that it purchased from Gibraltar Industries Inc.

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