Other

  • Chrysler slashing 25% of work force (UPDATE) Oct 27, 2008

    Chrysler LLC has announced plans to slash a quarter of its salaried and contract work force during the next two months in a bid to survive an unprecedented downturn in the auto industry.

  • MELTING POT All sharp objects removed Oct 24, 2008

    In his welcome address to delegates of Intertech Pira’s 12th annual Met Coke World Summit 2008 in Chicago, event chair Andrew Aloe noted a few things about the meeting area.

  • World car, truck sales to hit 15-year sales low, PwC says Oct 24, 2008

    The credit crisis and turbulent markets will likely drive car and light truck sales to their lowest levels in 15 years, according to the PricewaterhouseCoopers (PwC) Automotive Institute.

  • Baker Hughes net boosted by strong drilling activity Oct 23, 2008

    Strong drilling activity for oil and natural gas in North America and other global markets helped Baker Hughes Inc., Houston, offset the impact of Gulf Coast hurricanes and post a 10.2-percent increase in net income in the third quarter compared with the same period last year.

  • Correction Birmingham Futures Oct 23, 2008

    An Oct. 22 story misspelled the name of Jonathan C. Putman, Birmingham Futures’ chairman and chief executive officer. The company also has dropped the word “Exchange” from its corporate name as part of its registration process with the National Futures Association.

  • Chrysler steps up Del. plant closure, cuts a shift in Ohio Oct 23, 2008

    Chrysler LLC plans to close a Delaware plant earlier than originally planned and eliminate a shift at a Toledo, Ohio, facility because of “unprecedented” market turmoil and dwindling consumer demand, the Auburn Hills, Mich.-based automaker said Thursday.

  • S&P upholding DBO rating despite merger uncertainty Oct 23, 2008

    Standard & Poor’s Ratings Service (S&P) is holding the line on DBO Holdings Inc., maintaining the firm’s B+ corporate credit rating and keeping it on CreditWatch with positive implications

  • Correction Birmingham Futures Oct 23, 2008

    An Oct. 21 story misspelled the name of Jonathan C. Putman, Birmingham Futures’ chairman and chief executive officer. The company also has dropped the word “Exchange” from its corporate name as part of its registration process with the National Futures Association.

  • Global credit crisis drives ATI output cuts Oct 22, 2008

    Allegheny Technologies Inc. (ATI), Pittsburgh, has become a diversified metals company, and as such it is finding itself battling the global financial crisis on a number of fronts, including plans to cut back production in some cases to meet weaker demand.

  • Baker Hughes earnings boosted by strong drilling activity Oct 22, 2008

    Strong drilling activity for oil and natural gas in North America and other global markets helped Baker Hughes Inc., Houston, offset the impact of Gulf Coast hurricanes and post a 10.2-percent increase in net income in the third quarter compared with the same period last year.

  • GM mulling sale of ACDelco unit Oct 22, 2008

    General Motors Corp. is mulling the sale of its ACDelco parts business in a bid to raise cash.

  • Boeing, IAM due to resume labor discussions on Oct. 23 Oct 21, 2008

    Boeing Co. and the International Association of Machinists and Aerospace Workers (IAM) union will resume negotiations Oct. 23 in an effort to end IAM’s 45-day strike.

  • Ex-Copper & Brass executive gets 30-month jail sentence Oct 20, 2008

    A former Copper & Brass Sales Inc. executive has been sentenced to 30 months in prison for stealing more than $1.1 million from the Southfield, Mich.-based company.

  • Distributor sues USS over 3 contracts Oct 20, 2008

    A pipe and tube distributor is suing U.S. Steel Corp., Pittsburgh, for allegedly breaching three contracts and is seeking damages of at least $992,000.

  • Analyst compares presidential foes Oct 20, 2008

    In addition to wanting to be President of the United States, Sen. John McCain (R., Ariz.) and Sen. Barack Obama (D., Ill.) have something else in common.

  • Presidential candidates’ differences—and similarities Oct 20, 2008

    In addition to wanting to be President of the United States, Sen. John McCain (R., Ariz.) and Sen. Barack Obama (D., Ill.) have something else in common.

  • Correction Wire rod shipments Oct 20, 2008

    Due to a reporting error, an Oct. 20 story incorrectly stated that Mark Brandon, general manager of Nucor-Connecticut, forecast domestic wire rod shipments would be down 19.1 percent to nearly 3.8 million tons this year from 4.7 million tons last year. The 2007 comparative figure should have been 3.1 million tons. The 4.7-million-ton figure was the projected apparent domestic consumption for 2008 vs. 4.6 million tons last year.

  • Economist details impact from crisis, offers advice Oct 20, 2008

    Before launching into a presentation about the state of the economy, Stuart Hoffman joked to his audience that after hearing what he had to say they might have to make use of the forecast sickness bags located beneath their chairs.

  • Fastenal says clients’ rosy view at odds with low PMI Oct 17, 2008

    Fastenal Co. said many of their customers see healthy business conditions ahead, and executives were shocked when the Institute for Supply Management’s (ISM’s) Manufacturing Purchasing Managers Index (PMI) number for September indicated the U.S. manufacturing sector entered a recession.

  • Vale set to invest $14B in ’09 in chaotic market Oct 17, 2008

    Brazil’s Vale has earmarked $14.2 billion to expand and support its operations in 2009, including $2.9 billion for iron ore, it said late Thursday as it forecast continued long-term strength in the commodities markets.

  • Electrical manufacturing to fall NEMA Oct 17, 2008

    The U.S. manufacturing sector is “downshifting from stagnant to declining,” according to Tim Gill, director of economics at the National Electrical Manufacturers Association (NEMA), Rosslyn, Va.

  • Oilfield firm forecasts healthy energy mart through 2009 Oct 17, 2008

    Lufkin Industries Inc., a Lufkin, Texas-based manufacturer of oilfield equipment and power transmission products, prevented the erosion of its margins during the past two quarters by passing raw material cost increases along to its customers, president and chief executive officer John F. Glick said during a conference call with analysts last week.

  • MELTING POT I’d buy that for 84¢ Oct 17, 2008

    Copper hasn’t dropped below the dollar mark yet, but one plant that manufactures it has. Wolverine Tube Inc. has sold its non-producing Montreal plant for Canadian $1 (84 cents) to Canada’s Mango Copper Industries Inc., according to a recent U.S. Securities and Exchange Commission filing.

  • Uncertainty only certainty as metal shares bounce back Oct 16, 2008

    Metals shares rebounded Thursday from steep declines suffered the day before as stock markets continued the wild swings that have become almost commonplace in recent weeks.

Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results