Supply Chain

  • White House launches light metal initiatives Feb 25, 2014

    The U.S. government plans to spend $140 million on two public-private advanced manufacturing partnerships, including one devoted to light metals.

  • A.M. Castle falls deeper in the red Feb 25, 2014

    A.M. Castle & Co. fell deeper in the red in the fourth quarter compared with a year earlier, due in part to seasonal trends and lower sales by its metals division.

  • Die casters see strong start continuing Feb 25, 2014

    The aluminum die casting industry expects the second quarter of 2014 to build on gains established in the first two months of the year.

  • MRC eyes international energy market Feb 25, 2014

    Anticipated growth in the global energy market was a major factor behind energy tubular distributor MRC Global Inc.’s recent acquisition of two international companies, executive vice president of supply chain management Gary A. Ittner told AMM.

  • More Boeing workers accept concessions Feb 25, 2014

    Boeing Co. has persuaded union workers at another of its facilities to accept concessions, including a change in pension benefits.

  • New York banker accused of insider trading Feb 24, 2014

    A New York investment banker has been accused of insider trading ahead of Precision Castparts Corp.’s (PCC’s) $2.9-billion acquisition of Titanium Metals Corp. (Timet) in November 2012.

  • Cressman Tubular taps Kelley president Feb 24, 2014

    Cressman Tubular Products Corp. has named Kevin Kelley as its new president and chief operating officer effective immediately, the company said in a statement.

  • Yarde adds Trident Metals’ Mass. facility to its network Feb 22, 2014

    Yarde Metals Inc. has assumed the operations and commercial activity of Trident Metals Inc.’s Mansfield, Mass., facility, adding one more location to its network of 16 branch locations in the United State

  • Chamber presses gov’t to act on Ring of Fire Feb 22, 2014

    Mining development in northern Ontario’s Ring of Fire region would generate Canadian $9.4 billion ($8.5 billion) in new economic activity over the first 10 years of operation, according to a new study.

  • Steel supply chain facing risks: execs Feb 21, 2014

    The steel supply chain is becoming more complex and more global, although the United States still has a number of recognizable bright spots, executives said during an industry panel at the Metals Service Center Institute’s Carbon Conference in Phoenix.

  • BNSF aims to buy 5,000 safer tank cars Feb 21, 2014

    BNSF Railway Co. “has issued a request to major railcar manufacturers to submit bids for the construction of 5,000 next-generation tank cars to be used for transporting crude oil,” a company spokeswoman told AMM in an e-mail.

  • US manufacturing seen expanding: economist Feb 21, 2014

    The U.S. economy is facing a number of headwinds in 2014, including tax burdens, structural unemployment and overregulation, although a strong manufacturing sector coupled with certain strong end markets is underscoring modest growth, according to one economist.

  • Reliance expects stronger demand in ’14 Feb 20, 2014

    Reliance Steel & Aluminum Co. expects prices and demand to improve in 2014 and is already seeing better results, company executives said.

  • Reliance sees gains for toll processing in 2014 Feb 20, 2014

    Reliance Steel & Aluminum Co. expects its toll processing operations to benefit from strong 2014 growth in the automotive sector, company executives said.

  • Nebraska judge nixes Keystone XL route approval Feb 20, 2014

    A Nebraska judge has invalidated Gov. Dave Heineman’s decision to approve TransCanada Corp.’s Keystone XL revised route through the state, presenting further hurdles to the long-delayed project.

  • Reliance cautious on commodity tubulars Feb 20, 2014

    Reliance Steel & Aluminum Co. continues to seek opportunities for growth in the energy sector—but not in commodity oil country tubular goods (OCTG) and line pipe, company executives said.

  • Dixie-Southern seeks to divest Ark. operation Feb 20, 2014

    Dixie-Southern Arkansas LLC has retained Heritage Equity Partners to help seek a buyer, investor or joint-venture partner for its Springdale, Ark., operation.

  • Gibraltar expects residential demand to stay strong in ’14 Feb 20, 2014

    A strong residential building market and improving industrial and infrastructure markets helped boost Gibraltar Industries Inc.’s fourth-quarter financial results, the company said Feb. 20.

  • ITA ruling will cap OCTG prices: Russel Metals Feb 20, 2014

    Russel Metals Inc. expects the U.S. Commerce Department’s preliminary decision on oil country tubular goods imports from eight countries—excluding South Korea—to put a cap on OCTG pricing.

  • Reliance outlook bullish despite lower profit Feb 20, 2014

    Reliance Steel & Aluminum Co.’s net income slid 20.3 percent last year as higher sales volumes could not make up for lower prices, particularly in the fourth quarter.

  • Noranda mulling options in bid for reduced power rate Feb 19, 2014

    Noranda Aluminum Holding Corp. has options if Missouri regulators do not approve a lower electricity price for the company.

  • Cold chills Noranda output, could inflate energy costs Feb 19, 2014

    Unusually cold and wet weather in the United States has hampered production and could drive up natural gas costs as well, Noranda Aluminum Holding Corp. executives said.

  • GM plans to increase use of aluminum in pickups Feb 19, 2014

    General Motors Co. has signed supply contracts with Alcoa Inc. and Novelis Inc. ahead of plans to increase the use of aluminum sheet in its next-generation pickup trucks by late 2018, according to a Wall Street Journal report.

  • Tubular shipments jump in January: MSCI Feb 19, 2014

    North American distributors’ shipments of carbon pipe and tubing increased sharply in January compared with the previous month, according to the latest Metals Service Center Institute (MSCI) data.

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