Supply Chain

  • Webco earnings slump 90.5% as challenges persist Mar 13, 2014

    Business conditions remained challenging for tubular products manufacturer and distributor Webco Industries Inc. in its fiscal second quarter.

  • CFTC mulling harmonized rules on clearing, trading Mar 12, 2014

    The U.S. Commodity Futures Trading Commission (CFTC) is seeking to establish rules to recognize foreign clearing houses and foreign trading venues.

  • Industrial Heat Treating files for Chapter 11 Mar 11, 2014

    Industrial Heat Treating Inc. has filed for Chapter 11 bankruptcy protection as it grapples with unpaid loans, tax liens and other costs.

  • PMA appoints Fledderman chairman Mar 11, 2014

    Jody Fledderman, president and chief executive officer of Batesville Tool & Die Inc., has been elected chairman of the Precision Metalforming Association (PMA).

  • Calstrip expands reach with Schaeffer buy Mar 10, 2014

    Calstrip Industries Inc. has agreed to purchase Schaeffer Industries Inc.’s Western Flat-Rolled Steel & Processing operation in Mira Loma, Calif., for an undisclosed amount.

  • Bushwick Metals employee in NJ killed by falling beams Mar 07, 2014

    An employee of Bushwick Metals LLC died following a March 6 accident involving structural steel at the service center’s South Plainfield, N.J., location, a spokeswoman for parent company Marmon/Keystone LLC confirmed.

  • Valbruna Stainless outlook positive Mar 07, 2014

    Strong demand in key consuming industries is helping to buoy U.S. sales of stainless steel long products this year as a firming nickel price also has brought stability to stainless price tags, according to an executive of Valbruna Stainless Inc.

  • Natural gas prices set to fall: analyst Mar 07, 2014

    Despite a short-term boost from the severe winter weather, U.S. natural gas prices likely will only be supported at higher levels once liquefied natural gas (LNG) exports kick off, according to an industry analyst.

  • Superior earnings dented by lower metal tags Mar 07, 2014

    Superior Industries International Inc.’s profits narrowed by 26.1 percent in 2013 amid lower aluminum prices and shipping volumes.

  • CPI Aero names new chief; net income tumbles in qtr. Mar 06, 2014

    CPI Aerostructures Inc. has named Douglas J. McCrosson president and chief executive officer effective March 6, the company said in a statement.

  • Klöckner sees steel demand rising in 2014 Mar 06, 2014

    Klöckner & Co. SE expects U.S. steel demand to grow 3 to 4 percent in 2014 on a strong automotive market, a recovering construction sector and low energy costs, the company said March 6 in its first-quarter financial report.

  • Quanex eyes deals after Nichols sale Mar 06, 2014

    Quanex Building Products Corp.’s sale of its Nichols Aluminum LLC subsidiary to Aleris International Inc. will give it the proceeds to chase acquisitions in the fenestration industry, company executives said.

  • Severe weather slows Feb. auto sales Mar 06, 2014

    Despite strong demand from American auto buyers, severe winter weather across large portions of the United States left auto sales essentially flat year over year in February.

  • Joy Global outlook upbeat despite plunge in earnings Mar 06, 2014

    Joy Global Inc.’s net income plunged 65.6 percent in its fiscal first quarter compared with a year earlier due in part to lower sales by its original equipment segments.

  • Quanex trims loss despite repair costs at Nichols mill Mar 06, 2014

    Quanex Building Products Corp.’s net loss narrowed in its fiscal first quarter as it prepared to sell its Nichols Aluminum LLC aluminum sheet products subsidiary.

  • Old Bay Bridge scrap may turn into bed and breakfast Mar 05, 2014

    A section of the old San Francisco-Oakland Bay Bridge might be in line for a makeover, to a bed and breakfast.

  • Line pipe a challenge for midstream: exec Mar 05, 2014

    Despite perceptions of a buyer’s market, procuring line pipe remains a key challenge for midstream companies, according to Perry Roberts, senior director of procurement at Energy Transfer Partners LP.

  • O’Neal Industries promotes two executives Mar 05, 2014

    O’Neal Industries Inc. has made a number of executive changes, the company said March 5.

  • Universal Stainless gets P&W lab control OK Mar 05, 2014

    Three Universal Stainless & Alloy Products Inc. production facilities have received “laboratory control” approval from East Hartford, Conn.-based aerospace manufacturer Pratt & Whitney Corp., the specialty steelmaker said March 5.

  • Schnitzer to process segment of old Bay Bridge Mar 04, 2014

    The first contract for dismantling a section of the old San Francisco-Oakland Bay Bridge damaged in the 1989 Loma Prieta earthquake has been awarded, with the scrap to be processed by Schnitzer Steel Industries Inc.

  • Greenbrier rail car orders get boost Mar 03, 2014

    Greenbrier Cos. received orders for 5,600 rail cars valued at about $460 million during its second fiscal quarter ended Feb. 28, with “congestion” on the tracks helping to boost demand for intermodal platforms, chairman and chief executive officer William A. Furman said in a statement March 3.

  • Aluminum scrap shipments hit by weather Mar 03, 2014

    Trucking delays, largely stemming from ongoing weather issues across much of the country and spiking fuel costs, have severely impacted shipments of aluminum scrap, shippers told AMM.

  • Drilling declines in US, Canada Mar 03, 2014

    The number of drill rigs running in the United States fell by two last week.

  • COMMENTARY: Randy Boswell shares his take on OCTG case Feb 28, 2014

    Everyone in the United States has read about, heard about, or experienced the dramatic increase in oil and natural gas production here in the past several years. State and federal legislators continually discuss the benefits of U.S. energy independence.

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