Supply Chainhttp://www.amm.com©2014 www.amm.com60Supply ChainPCC mulls another $6B in acquisitionsPrecision Castparts Corp. (PCC) could spend another $4 billion to $6 billion on acquisitions during the next three years, chairman and chief executive officer Mark Donegan said., 24 Jul 2014 23:04:00 GMTReliance net jumps; flat shipments a concernReliance Steel & Aluminum Co.’s earnings jumped in the second quarter, but flat shipments vs. the first quarter sparked some concern from analysts., 24 Jul 2014 22:43:00 GMTCaterpillar gets construction boost, mining segment weakCaterpillar Inc.’s construction segment contributed to a 4.1-percent increase in second-quarter net income, offsetting continued weakness in its mining segment., 24 Jul 2014 17:47:00 GMTBoeing’s net jumps 51.9% as deliveries riseBoeing Co.’s earnings jumped 51.9 percent year on year in the second quarter as replacements for existing commercial transports accounting for a greater-than-normal share of new orders., 24 Jul 2014 16:27:00 GMTCorrection: United Performance Metals adding equipmentUnited Performance Metals is adding its second high-definition plasma table and first plate shear at its Houston facility. The information was stated incorrectly in a story in the July 21 edition., 24 Jul 2014 16:11:00 GMTGreenbrier cheers new rail car standards planThe U.S. Department of Transportation (DOT) has proposed new measures for moving oil and hazardous materials via rail, drawing an initial positive response from at least one rail car builder., 24 Jul 2014 01:11:00 GMTFord F-150 pickup sheds more weightFord Motor Co.’s 2015 aluminum-bodied F-150 pickup truck will weigh up to 732 pounds less than the prior-year model, Ford truck communications manager Mike Levine told AMM., 23 Jul 2014 21:39:00 GMTStructural steel prices seen stable in 2d halfNorth American construction costs rose for the 30th straight month in July amid higher fabricated structural steel prices, although pricing is expected to stabilize for the balance of the year, according to an IHS Inc. research report., 23 Jul 2014 20:19:00 GMTNonresidential starts drive building gainsThe value of U.S. construction starts rose 6.3 percent in June, spurred by an 11.8-percent jump in the nonresidential building sector that was paced by manufacturing projects., 23 Jul 2014 18:10:00 GMTTransCanada gets pipeline OKTransCanada Corp. has received regulatory approval to build a 56-mile pipeline in Alberta., 23 Jul 2014 17:42:00 GMTITC keeps duties on imports from ChinaThe U.S. International Trade Commission (ITC) has voted to maintain anti-dumping duties on malleable iron pipe fittings and steel threaded rod from China following separate five-year sunset reviews., 23 Jul 2014 14:41:00 GMTCost cutting boosts Synalloy’s resultsSynalloy Corp. continues to grapple with the closure of its loss-making Bristol Fabrication unit, the company said in its quarterly earnings report., 22 Jul 2014 19:09:00 GMTRail car retrofit venture finalizedGreenbrier Cos. and Watco Cos. LLC have completed the formation of 50-50 joint venture GBW Railcar Services LLC, which will target the increasing demand for rail car repairs and retrofits., 22 Jul 2014 18:35:00 GMTCIT rules for Golden Dragon in copper tube trade caseThe U.S. Court of International Trade (CIT) has dismissed a lawsuit filed by domestic copper tube producers in an anti-dumping trade case involving Golden Dragon Precise Copper Tube Group Inc., 22 Jul 2014 18:00:00 GMTWorthington names Rose exec vpWorthington Industries Inc. has promoted Andy Rose to executive vice president, the company said July 21., 21 Jul 2014 23:00:00 GMTAircraft, engine backlogs lift aerospace metalsBacklogs for airliners and engines are providing a "momentum lift" to aerospace metals, according to some industry analysts., 21 Jul 2014 22:23:00 GMTJCI earnings slump 68% on divestment chargesJohnson Controls Inc.’s (JCI’s) earnings plummeted 68 percent in its fiscal third quarter due in part to divestment charges, but results were in line with forecasts., 18 Jul 2014 20:01:00 GMTAlcoa’s Firth deal transformative: analystAlcoa Inc.’s $2.85-billion acquisition of U.K. aerospace components manufacturer Firth Rixson Ltd. will transform the company’s aerospace operations by expanding its vertically integrated model as well as opening access to the double-digit growth rates in engine markets, according to an industry analyst., 18 Jul 2014 18:08:00 GMTUnited Performance Metals adding equipmentUnited Performance Metals is adding a plate shear and high-definition plasma table at its Houston facility., 18 Jul 2014 16:22:00 GMTIntegris said new owner of Bri-Chem steel pipe assetsBri-Chem Corp. has sold its steel pipe manufacturing and distribution business to a U.S.-based steel company., 18 Jul 2014 14:44:00 GMTSouthern energy tubular demand said boomingSouthern energy tubular demand is said to be robust as line pipe projects are in the execution stage, while last week’s ruling in an oil country tubular goods (OCTG) trade case against nine countries has spurred some speculative buying, according to market sources., 17 Jul 2014 22:55:00 GMTVulcanium adding non-titanium productsTitanium distributor Vulcanium Metals International LLC is adding an inventory of non-titanium products as it looks to expand in the medical market., 17 Jul 2014 22:06:00 GMTFreight carrier sues Essar Steel AlgomaCSX Transportation Inc. is suing Essar Steel Algoma Inc. for allegedly failing to pay common carrier freight charges., 17 Jul 2014 21:52:00 GMTConbraco denies violating alloy patentsConbraco Industries Inc. is asking a federal court in North Carolina to rule that it has not violated two patents for copper alloys held by Mitsubishi Shindoh Co. Ltd., 17 Jul 2014 21:38:00 GMTDriver shortage raising freight rates: ATAClimbing freight rates have been a problem for both consumers and producers in the metals industry, and they are expected to rise further due to a shortage of truck drivers and delays in federal infrastructure spending, according to the top economist at the American Trucking Associations (ATA)., 17 Jul 2014 19:56:00 GMTMTI expanding capabilities with 1,200-ton forming pressMetal Technology Inc. (MTI) has installed a 1,200-ton press at its Albany, Ore., facility that will expand its deep-draw and forming capabilities for titanium and other metals., 17 Jul 2014 15:14:00 GMTAluminum gets boost from aerospace, autosNorth American service center aluminum shipments in June moved higher as strong demand from the automotive and aerospace industries continued to bolster orders., 16 Jul 2014 23:59:00 GMTSteel shipments jump on strength in autosThe summer doldrums may be less dull than usual this year as service center shipments ramp up due to customer restocking and improved demand from the automotive sector., 16 Jul 2014 23:32:00 GMTAurubis Buffalo faces lawsuit Freight broker Command Transportation LLC is suing copper and brass mill Aurubis Buffalo Inc. for allegedly failing to pay shipping charges totaling nearly $222,000., 16 Jul 2014 23:04:00 GMTSteel still on top despite Camry shift: SMDIAutomotive steel proponents said that the material is in wide use today and should remain so due to its superior cost-benefit breakdown, despite reports that Toyota Motor Corp. is intensifying the use of aluminum in its 2018 Camry., 16 Jul 2014 21:18:00 GMTEx-Harsco exec says US wrong country to try suitA judge in Harsco Corp.’s trade secrets violation lawsuit is considering the defendants’ claim that the dispute would be more fitting for a courtroom in England rather than the United States., 16 Jul 2014 17:35:00 GMTBlaze knocks out power at High Steel plantFull operations at one of High Steel Structures LLC’s plants in Lancaster, Pa., likely won’t resume until July 21 after the facility suffered an electrical fire that knocked out power to two fabrication bays, a company official said., 16 Jul 2014 16:39:00 GMTCommerce to name data chiefThe U.S. Commerce Department will hire its first-ever chief data officer, but AMM has been told that no changes are in the works for metals-related data., 16 Jul 2014 16:24:00 GMTFalcon Steel to pay vendors in fullFalcon Steel Co. will not require debtor-in-possession financing to pay its vendors despite its recent Chapter 11 bankruptcy filing, which was undertaken mainly to restructure some of its bank notes., 16 Jul 2014 16:09:00 GMTFord, GM opt out of steel antitrust settlementFord Motor Co. and General Motors Co. have opted out of a multimillion-dollar legal settlement over claims that U.S. steelmakers unfairly fixed steel prices, although it is unclear why the automakers have denied themselves some initial compensation, 15 Jul 2014 21:21:00 GMTSeverstal wins approval to acquire MSCA bankruptcy court judge has given the go-ahead to a deal under which Severstal US Holding LLC would acquire bankrupt RG Steel LLC’s stake in coke producer Mountain State Carbon LLC (MSC) for $30 million., 15 Jul 2014 20:26:00 GMTCopper, brass service center shipments tumbleCopper and brass shipments by service centers dropped in May compared with a year earlier, according to Copper and Brass Servicenter Association (CBSA) data., 15 Jul 2014 19:18:00 GMTVW to build SUV at Tennessee facilityVolkswagen AG will invest $900 million to produce a new midsize sport utility vehicle (SUV) at its Chattanooga, Tenn., plant., 15 Jul 2014 16:35:00 GMTBombardier Ontario workers strikeWorkers at Bombardier Inc.’s Thunder Bay, Ontario, plant have gone on strike to protest what they say are company demands for steep concessions on pensions and benefits., 15 Jul 2014 16:05:00 GMTSamuel starts operation in China to serve aerospaceCanada’s Samuel, Son & Co. Ltd. has officially opened a 22,000-square-foot facility in Chengdu, China, about 1,100 miles west of Beijing, where it will service the supply chain needs of Chengdu Aircraft Industry Corp. (CAC) and Aviation Industries Corp. of China (AVIC)., 14 Jul 2014 22:20:00 GMTCliffs brands Casablanca plan a ‘fire sale’Iron ore miner Cliffs Natural Resources Inc. has criticized key selling points of activist investor Casablanca Capital LP’s plan for the mining company, the latest in a series of increasingly heated exchanges between the two companies., 14 Jul 2014 22:19:00 GMTDrilling picks up in US, CanadaThe number of drill rigs running in the United States rose by one last week, while Canadian drilling activity climbed., 14 Jul 2014 21:54:00 GMTPort truck drivers end strike for ‘cooling off’ periodUnionized truck drivers at the ports of Los Angeles and Long Beach, Calif., have called off their strike, according to the International Brotherhood of Teamsters., 14 Jul 2014 20:41:00 GMTLME, banks face another zinc lawsuitGalvanizers Co. has filed a class-action lawsuit against the London Metal Exchange, Glencore Xstrata Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and their respective warehousing units over alleged warehouse manipulation that it claims has driven up U.S. zinc premiums, 11 Jul 2014 22:43:00 GMTUS brass mill imports up, exports dip in MayU.S. imports of brass mill products increased in May compared with the same month last year while exports fell, according to data from the Copper and Brass Fabricators Council., 11 Jul 2014 20:56:00 GMTITC issues preliminary steel nail imports rulingIn a preliminary determination in a dumping and subsidy investigation, the U.S. International Trade Commission said there is a reasonable indication that U.S. industry is materially injured by imports of steel nails., 11 Jul 2014 20:27:00 GMTUAW forms local union at Tenn. VW plantDespite losing a unionization vote at Volkswagen AG’s plant in Chattanooga, Tenn., the United Automobile Workers (UAW) union has formed a local union chapter to represent workers., 11 Jul 2014 17:49:00 GMTWeak markets force General Cable restructure A “lack of consistent momentum in utility and construction spending,” as well as underperforming assets abroad, were behind General Cable’s decision to restructure its business, executive vice president and chief financial officer Brian Robinson said., 10 Jul 2014 22:24:00 GMTPartnerships key to waterways revivalPublic-private partnerships could help repair and expand U.S. waterways infrastructure, but progress will be slow, according to remarks made at a congressional policy panel July 10., 10 Jul 2014 21:34:00 GMTIron ore shipments buoyed as Great Lakes water levels riseGreat Lakes iron ore shipments surged in June but year-to-date levels remain below normal due to winter-related delays., 10 Jul 2014 16:33:00 GMTHorsehead takes outage at MooresboroHorsehead Holding Corp. announced a “temporary outage” at its Mooresboro, N.C., zinc production facility July 8., 09 Jul 2014 21:26:00 GMTScrap exports not impacted by port strikeUnionized truck drivers at the ports of Los Angeles and Long Beach, Calif., declared an indefinite strike July 7, alleging unfair labor practices in the use of independent contractors., 09 Jul 2014 19:34:00 GMTLincoln Electric, NanoSteel sign global licensing dealLincoln Electric Co. has signed a worldwide licensing agreement for NanoSteel Co. Inc.’s proprietary weld overlay and thermal spray applications steel coatings technology., 09 Jul 2014 16:39:00 GMTBoeing 737 fuselages pulled from riverEmergency crews on July 8 were fishing out the last of three Boeing Co. 737 fuselage sections that tumbled into a stretch of the Clark Fork River near Rivulet, Mont., a spokeswoman for Montana Rail Link Inc. told AMM., 08 Jul 2014 21:24:00 GMTSheet piles on way to iron ore projectArcelorMittal SA is shipping steel sheet piles to the Canadian Arctic where they will be used to build a dock to serve the steelmaker’s joint venture Mary River iron ore project on Baffin Island., 08 Jul 2014 20:38:00 GMTDucommun wins 737 supply contractsDucommun Inc. said it has won several contracts to build titanium structural assemblies for Boeing Co.’s 737 MAX airliner, 08 Jul 2014 19:35:00 GMTMetal One buys Canadian tubular distributorJapan’s Metal One Corp. has purchased energy tubular distributor Cantak Corp. for an undisclosed amount to take advantage of growing steel demand from the Canadian energy sector., 08 Jul 2014 17:42:00 GMTUS auto sales get boost from economyStrong demand and an improved economic outlook helped bolster U.S. sales for most major automakers last month., 08 Jul 2014 14:53:00 GMTMetals sector could see M&A ramp up: KeyBancThe next year could see increased merger-and-acquisition activity in the metals sector as markets improve, according to one analyst., 07 Jul 2014 22:46:00 GMTUS, Canadian drilling increasesThe number of drill rigs operating in both the United States and Canada climbed the week., 07 Jul 2014 19:02:00 GMTBMW plans $1-billion investment in MexicoBMW Group’s commitment to globally balanced growth and the North American Free Trade Agreement (Nafta) region took on a mega-dollar dimension July 3 when the premium automaker announced plans to build a $1-billion production plant near San Luis Potosi, Mexico., 03 Jul 2014 22:01:00 GMTSteel urges action on currency manipulationThe American Iron and Steel Institute (AISI), the Steel Manufacturers Association (SMA) and 11 other trade groups have urged strong and enforceable provisions prohibiting currency manipulation in all future U.S. free-trade deals., 03 Jul 2014 21:40:00 GMTFlooding disrupts SSAB rail shipmentsFlooding in the Quad Cities area has stopped rail shipments in and out of the SSAB Americas’ plate mill in Montpelier, Iowa., 03 Jul 2014 19:13:00 GMTWest Coast port labor talks slowing scrap flowThe flow of scrap is being impacted by labor negotiations at West Coast ports despite no official disruption of port operations., 03 Jul 2014 15:10:00 GMTConstellium, UACJ break ground on Ky. plantConstellium NV and United Aluminum Co. of Japan Corp. (UACJ) broke ground on a body-in-white plant in Bowling Green, Ky., two months after their initial site selection was announced., 02 Jul 2014 22:03:00 GMTAluminicaste’s 850,000T stockpile a concernU.S. aluminum extruders are growing concerned over a massive stockpile of aluminum extrusions being stored at a casting facility in Mexico., 02 Jul 2014 21:03:00 GMTGM plant resumes output after blastProduction has resumed at General Motors Co.’s stamping plant in Marion, Ind., after an explosion July 1 killed one worker and injured several others., 02 Jul 2014 19:52:00 GMTGreenbrier posts profit on tank car demandGreenbrier Cos. Inc. swung into the black in its fiscal third quarter as rail car backlogs surged while repair and retrofitting business is expected to be brisk., 02 Jul 2014 18:08:00 GMTLeggett & Platt to acquire Tempur assetsDiversified manufacturer Leggett & Platt Inc. has acquired Tempur Sealy International Inc.’s three U.S. innerspring component production facilities for $48 million, the companies said July 1., 01 Jul 2014 22:40:00 GMTWynnchurch acquires U.S. ManufacturingWynn­church Capital Ltd., a middle-market private equity firm, has acquired U.S. Manufacturing Corp. (USM)., 01 Jul 2014 22:00:00 GMTAZZ broadens galvanizing reach with Zalk Steel dealAZZ Inc. has completed its acquisition of Zalk Steel & Supply Co., a small-kettle niche provider of galvanizing services based in Minneapolis, the company said June 30., 01 Jul 2014 20:29:00 GMTSonco Worldwide adds Griffin Supply to stableSonco Worldwide Inc. has acquired wholesale mechanical pipe and tube distributor Griffin Supply Inc. for an undisclosed price., 01 Jul 2014 20:05:00 GMTFalcon Steel files for Ch. 11Steel fabricator Falcon Steel Co. has filed for Chapter 11 bankruptcy protection, listing several tubular mills among its largest unsecured creditors, although the company expects to emerge from insolvency shortly., 01 Jul 2014 18:40:00 GMTOlympic Steel amends, extends credit facilityOlympic Steel Inc. has amended and extended its asset-based credit facility., 01 Jul 2014 14:38:00 GMTGreen energy may boost copper usePower generation and automobiles account for about 7 percent of global copper demand, but a 20-percent shift in these markets to "green" alternatives could boost copper usage by up to 2.5 million tonnes by 2025, according to one industry analyst., 30 Jun 2014 22:45:00 GMTPatrick buys fabricator to boost RV reachPatrick Industries Inc. has acquired fabricated aluminum producer and distributor Foremost Fabricators LLC for $45 million with a view toward expanding its presence in the recreational vehicle (RV) market., 30 Jun 2014 19:17:00 GMTHoliday noticeAMM’s offices will be closed Friday, July 4, in observance of Independence Day, and there will be no issue that day. The New York Mercantile Exchange also will be closed Friday. The London Metal Exchange will be open, and AMM will publish the LME’s July 4 prices in the July 8 issue., 30 Jun 2014 18:52:00 GMTAmerican Alloy, Moore file appeal in MM Steel caseAmerican Alloy Steel Inc. and president Arthur J. Moore have filed an appeal in an antitrust case that saw several steelmakers and service centers hit with $156 million in damages, according to court documents., 27 Jun 2014 23:57:00 GMTGibraltar expecting weaker 2d-qtr. resultsGibraltar Industries Inc. expects weaker-than-anticipated results in the second quarter due to construction markets that have failed to rebound from the severe winter., 27 Jun 2014 23:13:00 GMTAZZ mulls acquisitions to grow galvanizingAZZ Inc. plans to expand its galvanizing business and is considering organic growth, mergers and acquisitions, executives said during an earnings conference call June 27., 27 Jun 2014 22:23:00 GMTTrinity to acquire Meyer Steel StructuresTrinity Industries Inc. has entered into an agreement to acquire Meyer Steel Structures, the utility steel structures division of Thomas & Betts Corp., for $600 million., 27 Jun 2014 20:49:00 GMTStronger sales lift Worthington profitsWorthington Industries Inc.’s net income increased 10.9 percent in its fiscal year despite a 1.1-percent dip in the last three months of the year., 26 Jun 2014 20:14:00 GMTO’Neal, Leeco win $117M in fraud suitService 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., 26 Jun 2014 19:27:00 GMTVarsteel acquires Peace SteelCanadian service center chain Varsteel Ltd. has purchased the steel service center business of Peace Steel Ltd., 26 Jun 2014 15:56:00 GMTChrysler expanding Mich. facilityChrysler Group LLC is spending $63 million to install a 180-inch press line in its Warren, Mich., stamping plant., 26 Jun 2014 15:50:00 GMTMSCI move to copper, brass logical: WeidnerThe 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., 25 Jun 2014 23:01:00 GMTReliance, Chapel appeal MM Steel antitrust caseReliance 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., 25 Jun 2014 17:49:00 GMTSteel seen inefficient user of IT toolsLarge 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., 24 Jun 2014 21:30:00 GMTSouthland ups freight as trucking costs soarSouthland 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., 24 Jun 2014 21:11:00 GMTEquipment dispute at former R.G. Steel mill in Ohio settledThe 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., 24 Jun 2014 20:39:00 GMTConstruction starts run out of steam in MayA loss of momentum in residential and nonresidential building lowered construction starts in May, but this doesn’t necessarily signal a reversal from earlier gains., 23 Jun 2014 22:21:00 GMTRed metals centers seen ripe for consolidationThe 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., 23 Jun 2014 21:35:00 GMTPacific Steel takes $11.3M 'stalking horse' bidPacific 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., 23 Jun 2014 19:41:00 GMTAircraft retirements seen boon for scrapThe 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., 23 Jun 2014 15:22:00 GMTSmeal acquires stainless tanker makerSmeal 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., 23 Jun 2014 14:29:00 GMTSiMn mart bearish ahead of Felman planned restartSilicomanganese market sentiment is trending towards bearish, with an expected restart of Felman Production LLC prompting spot prices to firm below 60 cents per pound., 20 Jun 2014 21:45:00 GMTNucor expects 2d-qtr. earnings to stay firmNucor 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., 20 Jun 2014 19:06:00 GMTUS, imported steel price gaps seen correctingBig spreads between U.S. and world steel prices must eventually correct, according to U.S. distributors., 19 Jun 2014 21:31:00 GMTLME, banks facing second zinc lawsuitThree 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.", 19 Jun 2014 20:27:00 GMTBrenner Tank expands output to parent’s facilityAluminum and stainless steel tank trailer manufacturer Brenner Tank LLC has expanded production to parent company Wabash National Corp.’s facilities in Lafayette, Ind., 19 Jun 2014 19:55:00 GMT