Supply Chain

  • Marmon/Keystone subsidiaries expand Dec 13, 2013

    Various subsidiary operations of international metals distributor Marmon/Keystone LLC have expanded operations and added processing capabilities.

  • Wise completes sale of $650M in secured notes Dec 13, 2013

    Wise Metals Group LLC has announced the closing of its new senior secured notes and a new working capital revolver.

  • Alloy Metals & Tubes hires Buras for sales Dec 13, 2013

    Alloy Metals & Tubes International Inc. has appointed John Buras as an inside sales representative.

  • Army Corps awards waterway contracts Dec 13, 2013

    The U.S. Army Corps of Engineers has awarded several 2014 contracts for dredging of rivers and ports that handle domestic and international shipments of such commodities as steel, scrap, iron ore and metallurgical coal.

  • Boeing union proposes deal to keep 777X in Northwest Dec 13, 2013

    Boeing Co.’s largest union, in danger of losing its role as the workforce on the newest version of the 777 airliner, has offered a new labor deal to keep production of the plane in the Pacific Northwest.

  • Tank maker growing in Missouri Dec 12, 2013

    Stainless steel tank producer Stainless Technology is expanding its Springfield, Mo., operation.

  • Illinois coil processor facing $117,000 in OSHA penalties Dec 12, 2013

    Arlington Metals Corp. is facing $117,000 in penalties for alleged safety and health violations at its Franklin Park, Ill., metal strip and coil processing facility.

  • AIIS lauds $960-billion WTO trade agreement Dec 12, 2013

    The World Trade Organization (WTO) has drawn up a trade facilitation agreement intended to expedite international trade, a move lauded by the American Institute for International Steel (AIIS)

  • Worthington to close service center by May 31 Dec 11, 2013

    Worthington Industries Inc.’s steel processing division will close its Baltimore service center by May 31, the company said in a filing with the U.S. Securities and Exchange Commission.

  • Ohio heavy plate processor opening facility in Georgia Dec 11, 2013

    Heavy plate processor Steel Plate Akron has purchased a 50,000-square-foot building in Pendergrass, Ga., that will provide the company with freight savings and speedier deliveries to its customers across the Southeast.

  • Weaker demand batters Joy’s earnings Dec 11, 2013

    Heavy equipment manufacturer Joy Global Inc. posted lower net income in its fiscal fourth quarter due in part to a commodities surplus and weaker demand.

  • Supply chain still benefiting from US auto bailout: report Dec 11, 2013

    The U.S. government bailout of the auto industry continues to benefit the supply chain and the broader economy, according to an independent study.

  • EADS to consolidate operations, cut jobs Dec 10, 2013

    European Aeronautic Defence & Space Co. NV (EADS), parent company of aircraft maker Airbus SAS, plans to consolidate its defense operations, eliminating 5,800 positions in the process.

  • GM names Mary Barra first female chief Dec 10, 2013

    General Motors Co. has appointed Mary Barra as its next chief executive officer—the first female to head a global automaker.

  • Superior Industries appoints new director Dec 10, 2013

    Superior Industries International Inc. has named former Cooper-Standard Holdings Inc. chief executive officer James S. McElya to its board of directors.

  • MRC Global purchases two pipe distributors Dec 10, 2013

    MRC Global Inc. has acquired pipe, valve and fittings distributor Stream AS for $260 million and pipe, flange and fittings distributor Flangefitt Stainless Ltd. for $28 million.

  • Colorado fracking debate heats up Dec 09, 2013

    The head of the Colorado Oil and Gas Association (COGA) has challenged Rep. Jared Polis (D., Colo.) to a debate in light of the latter’s recent criticism of lawsuits filed by the association against fracking moratoriums in Fort Collins and Lafayette, Colo.

  • Tank builder expands in Missouri Dec 09, 2013

    Watson Metal Masters will break ground soon on a $4.8-million manufacturing plant in Republic, Mo., to increase production capacity for a growing customer base.

  • Terex to sell truck business to Volvo division Dec 09, 2013

    Heavy equipment manufacturer Terex Corp. has agreed to sell its off-highway truck business to Volvo Construction Equipment (Volvo CE) for about $160 million.

  • US manufacturing activity expands Dec 09, 2013

    U.S. manufacturing activity expanded at a modest pace in most regions from October through mid-November, although steel product demand was mixed, according to the Federal Reserve Board’s latest economic conditions report.

  • Metals employment rises, but some still wary Dec 09, 2013

    Metals industry employment rose in November, but some steel industry sources said they remain reluctant to hire now and in the future.

  • China ferrosilicon tax to stay: sources Dec 06, 2013

    U.S. ferrosilicon prices could receive a boost from initial reports that China will not lift a 25-percent export duty on the product, sources told AMM this past week.

  • Advisor wary of US building forecasts Dec 06, 2013

    When it comes to nonresidential construction industry forecasts, proceed with caution, one metals industry investment banker advised a group of steel distributors gathered in Chicago this past week.

  • BAE opens Australia facility to make F-35 parts Dec 06, 2013

    BAE Systems Plc has opened a new facility in Australia dedicated to machining titanium parts for Lockheed Martin Corp.’s F-35 Joint Strike Fighter.

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