Supply Chain

  • O’Neal, Leeco win $117M in fraud suit Jun 26, 2014

    Service center operators O’Neal Steel Inc. and Leeco Steel LLC have prevailed in their 2011 lawsuit against two steel suppliers and their owners alleging fraud, misrepresentation, negligence and breach of contract and warranty.

  • Varsteel acquires Peace Steel Jun 26, 2014

    Canadian service center chain Varsteel Ltd. has purchased the steel service center business of Peace Steel Ltd.

  • Chrysler expanding Mich. facility Jun 26, 2014

    Chrysler Group LLC is spending $63 million to install a 180-inch press line in its Warren, Mich., stamping plant.

  • MSCI move to copper, brass logical: Weidner Jun 25, 2014

    The Metals Service Center Institute’s (MSCI’s) copper and brass segment might only be two years old, but the move to start it was a natural one, according to the association’s top executive.

  • Reliance, Chapel appeal MM Steel antitrust case Jun 25, 2014

    Reliance Steel & Aluminum Co. and Chapel Steel Corp. have filed an appeal in an antitrust case that saw several steelmakers and service centers hit with $156 million in damages, according to documents filed in federal District Court in Texas.

  • Steel seen inefficient user of IT tools Jun 24, 2014

    Large integrated steelmakers have underinvested in information technology (IT) and software for years, with several corporate IT budgets at “barely maintenance” levels, according to one software consultant.

  • Southland ups freight as trucking costs soar Jun 24, 2014

    Southland Tube Inc. is increasing freight prices by 10 percent effective July 14 due to rising transportation costs, the company said in a letter to customers.

  • Equipment dispute at former R.G. Steel mill in Ohio settled Jun 24, 2014

    The owners of the former R.G. Steel LLC mill in Warren, Ohio, and an industrial gas supplier appear to have settled their differences related to ownership of equipment on the site of the facility.

  • Construction starts run out of steam in May Jun 23, 2014

    A loss of momentum in residential and nonresidential building lowered construction starts in May, but this doesn’t necessarily signal a reversal from earlier gains.

  • Red metals centers seen ripe for consolidation Jun 23, 2014

    The dynamics of supply and demand have made the copper and brass service center space ripe for consolidation, executives from Reliance Steel & Aluminum Co. and ThyssenKrupp Materials NA Inc. said.

  • Pacific Steel takes $11.3M 'stalking horse' bid Jun 23, 2014

    Pacific Steel Casting Co. has agreed to accept an $11.3-million offer from equity fund Speyside Fund LLC, but the sales price for the company could go higher if other bidders step up to the plate.

  • Aircraft retirements seen boon for scrap Jun 23, 2014

    The aviation industry is facing a "tsunami" of aircraft retirements in the coming years, sending a wave of material into the aerospace scrap recycling stream, according to industry executives.

  • Smeal acquires stainless tanker maker Jun 23, 2014

    Smeal Fire Apparatus Co. will acquire U.S. Tanker Fire Apparatus LLC effective July 1, expanding the manufacturer’s offerings to include stainless steel custom and commercial tankers. The terms of the deal were not disclosed.

  • SiMn mart bearish ahead of Felman planned restart Jun 20, 2014

    Silicomanganese market sentiment is trending towards bearish, with an expected restart of Felman Production LLC prompting spot prices to firm below 60 cents per pound.

  • Nucor expects 2d-qtr. earnings to stay firm Jun 20, 2014

    Nucor Corp. expects second-quarter earnings to be roughly in line with first-quarter results as losses at the company’s direct-reduced iron plant are offset in part by stronger demand for steel sheet and plate as well as an improving nonresidential construction market.

  • US, imported steel price gaps seen correcting Jun 19, 2014

    Big spreads between U.S. and world steel prices must eventually correct, according to U.S. distributors.

  • LME, banks facing second zinc lawsuit Jun 19, 2014

    Three steel and wire manufacturers have filed a class-action lawsuit against the London Metal Exchange, Goldman Sachs Group Inc., Glencore Plc, JPMorgan Chase & Co., Trafigura Beheer BV and their respective warehousing units alleging conspiracy "to manipulate global warehouse supplies of zinc."

  • Brenner Tank expands output to parent’s facility Jun 19, 2014

    Aluminum and stainless steel tank trailer manufacturer Brenner Tank LLC has expanded production to parent company Wabash National Corp.’s facilities in Lafayette, Ind.

  • Mumford acquires AFW Foundry Jun 19, 2014

    AFW Foundry Inc., a nonferrous aluminum, brass and bronze foundry, has been sold to Mumford Cos., a business and real estate holding company. The terms of the deal were not disclosed.

  • Alcoa boosting aerospace capabilities in Va. Jun 17, 2014

    Alcoa Inc. will invest $25 million to expand its Alcoa Power and Propulsion facility in Hampton, Va., to meet demand for next-generation aircraft engine parts.

  • Transport rates said set to accelerate Jun 16, 2014

    Transportation rates charged by logistics specialists are likely to increase significantly in coming years on the back of new trucking regulations and strained transport capacity, according to two logistics executives.

  • American Alloy, Moore will appeal suit: lawyer Jun 16, 2014

    Steel product supplier American Alloy Steel Inc. and company president Arthur J. Moore plan to file an appeal of a lawsuit that accused them and a number of steel companies and service centers of trying to drive MM Steel LP out of business.

  • Central Steel accuses former exec of taking data Jun 16, 2014

    Central Steel & Wire Co. employees have been told to watch for indications that a former executive may have exploited the company’s confidential trade data, according to an internal memo obtained by AMM.

  • Midwest Materials names sales rep Jun 16, 2014

    Midwest Materials Inc. has appointed Tracy Bowling as an inside sales representative.

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