• New PMA chair, Zierick, issues call for integrity Nov 20, 2009

    Gretchen Zierick, president of Zierick Manufacturing Corp., Mount Kisco, N.Y., has been selected to chair the Precision Metalforming Association’s board of directors.

  • Ontario eyeing 2010 export growth, metals seen mixed Nov 20, 2009

    Ontario’s exports are expected grow 8 percent in 2010 after registering four years of declines, although metals sector trade will be mixed.

  • US said getting short end of the stick in relations with China Nov 20, 2009

    China’s relationship with the United States continues to be overshadowed by numerous factors that negatively impact the U.S., according to the seventh annual report to Congress by the U.S.-China Economic and Security Review Commission.

  • Analyst downplays figures pointing to building upturn Nov 19, 2009

    Amid a continued high level of inquiries for possible new projects, the Architecture Billings Index (ABI), which presages activity in the nonresidential construction sector, last month reached its highest mark since August 2008, the American Institute of Architects (AIA) said.

  • Metalformers' November survey shows uncertainty Nov 19, 2009

    Metalforming companies are equally split on whether business conditions and incoming orders will improve or worsen over the next three months, according to the November business report by the Precision Metalforming Association (PMA).

  • Steel mill product PPI rises in October; nonferrous slides Nov 17, 2009

    The producer price index (PPI) for steel mill products rose in October but the price indices for all nonferrous mill shapes declined, according to a U.S. Bureau of Labor Statistics report issued Tuesday.

  • Steel mill product PPI rises in October; nonferrous slides Nov 17, 2009

    The producer price index (PPI) for steel mill products rose in October but the price indices for all nonferrous mill shapes declined, according to a U.S. Bureau of Labor Statistics report issued Tuesday.

  • Steel, auto, labor to have voice at White House jobs summit Nov 17, 2009

    Major manufacturing industries, including steel and automotive, as well as large labor unions from those sectors are expected to be well represented at President Obama’s jobs summit Dec. 3, according to industry sources.

  • NY manufacturers bullish on future despite Nov. dip in index Nov 16, 2009

    Conditions for New York manufacturers dipped in November following a month earlier pickup, but the outlook for the next six months is largely upbeat, the Federal Reserve Bank of New York said on Monday.

  • Distributor Friedman logs $206,247 net loss in fiscal 2d qtr. as sales slide Nov 16, 2009

    Citing falling sales volumes and lower selling prices, Friedman Industries Inc. recorded a net loss of $206,247 during its fiscal second quarter ended Sept. 30, in contrast to net income of $5.4 million in the same year-ago period, as sales fell 77.4 percent to $16.1 million from $71.1 million.

  • Melting Pot Nov 13, 2009

  • Economic recovery to be sluggish, Fed official says Nov 13, 2009

    The economic recovery will be slow and uncertain throughout 2010 as credit remains tight and the necessity to phase out enormous government subsidies threatens recent improvement in key sectors like housing, banking and industrial production, according to Harvey Rosenblum, executive vice president and director of research at the Federal Reserve Bank of Dallas.

  • Steel, copper import price indices rise in October as aluminum dips Nov 13, 2009

    The iron and steel import price index rose in October as the export price index remained fairly flat compared with September, while nonferrous metal import and export prices were mixed in the same comparison, according to the U.S. Bureau of Labor Statistics.

  • Currency efforts stepped up as Obama heads to China Nov 11, 2009

    As President Obama travels to China this week, the Fair Currency Coalition is stepping up its efforts to revive currency manipulation legislation, though industry sources acknowledge that the chances for any significant breakthrough with the Chinese range from slim to none.

  • Report critical of China to be released Nov 11, 2009

    The U.S.-China Economic and Security Review Commission will release its 2009 report to Congress next week, covering such topics as China’s use of subsidies and other trade-distorting measures that it says are in violation of its international commitments.

  • N. American rig activity feels Canadian drag Nov 11, 2009

    The North American rig count fell for the first time in nearly three months due to a drop in Canadian activity that was spurred by an energy product glut and warmer weather.

  • Great Lakes coal shipments reach ’09 high Nov 10, 2009

    Coal shipments on the Great Lakes marked their strongest month of the year in October, topping this year’s previous peak by about 2.8 percent.

  • Study finds ‘Clunkers’ did spark auto sales Nov 10, 2009

    The federal “Cash for Clunkers” incentive program did indeed spark light vehicle sales in July and August, and all but 3,000 to 5,000 vehicles would not have been traded in without the rebates, according to a study by Ball State University’s Center for Business and Economic Research.

  • Letter to the Editor: ‘Made in America’ in global steel industry? Nov 10, 2009

  • Metals distributor, processor Ryerson posts $7.8M loss in 3d qtr. Nov 06, 2009

    Metals distributor and processor Ryerson Inc. posted a net loss of $7.8 million during the third quarter ended Sept. 30, more than triple a year-earlier net loss of $2.5 million but narrower than a second-quarter net loss of $130 million.

  • Former GM aluminum trader pleads guilty on two counts Nov 06, 2009

    Former General Motors Corp. aluminum trader Daniel Bealko has pled guilty to a kickback scheme involving bulk aluminum sales that cost the automaker more than $80 million.

  • Melting Pot Nov 06, 2009

  • Jobless rate soars to 10.2% in October Nov 06, 2009

    The U.S. unemployment rate rose to 10.2 percent in October from 9.8 percent in September, its highest level since April 1983, the U.S. Bureau of Labor Statistics (BLS) reported.

  • Wholesale trade of metals inches 0.6% higher in Sept. Nov 06, 2009

    Sales of metal wholesale goods remained relatively flat month on month in September, but were down sharply from the same month last year.

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