Supply Chain

  • HC2 extends deadline for buyout of Schuff Sep 22, 2014

    Investment firm HC2 Holdings Inc. has extended its offer to buy out other shareholders of Schuff International Inc. until Sept. 29 after its initial deadline expired.

  • IWG unit's suit seeks to declare CN Wire bonds invalid Sep 20, 2014

    Omega Wire Inc. is suing Turkish wire manufacturer CN Wire Corp. and the city of Anthony, N.M., seeking to have the issuance of industrial revenue bonds approved by the city to CN Wire declared invalid.

  • Buyout offer for Schuff slated to expire Sep 20, 2014

    A buyout offer targeting steel fabricator Schuff International Inc., seeking to acquire shares from existing shareholders, was due to expire Sept. 19, although the ultimate outcome of the proposal remains unknown.

  • Deal set to clean up Sparrows Point Sep 19, 2014

    Sparrows Point Terminal LLC, the new owners of the Sparrows Point peninsula, has entered into an environmental agreement with the Maryland Department of the Environment and the Environmental Protection Agency to revitalize the former steelmaking site.

  • Sheet prices slide as shipments slow Sep 19, 2014

    Spot sheet prices resumed their downward drift this past week as service center inventories rose while shipments slowed, market sources said.

  • Auto forgings maker facing OSHA fines Sep 19, 2014

    MCM Industries Co. is facing $126,700 in penalties for alleged safety violations at its Cleveland manufacturing plant.

  • Matalco breaks ground at new extrusion plant Sep 19, 2014

    Matalco Inc. has broken ground at its greenfield aluminum remelt extrusion billet manufacturing facility in Lordstown, Ohio.

  • Dicastal to build wheel plant in Michigan Sep 19, 2014

    Dicastal North America Inc. will build a new aluminum alloy wheel manufacturing plant in Michigan.

  • VNE acquires high-purity tube producer Sep 18, 2014

    VNE Corp. has acquired tube and fittings supplier High Purity Technology Inc. (HPT). The terms of the deal were not disclosed.

  • Aero backlogs spur titanium integration Sep 18, 2014

    Surging commercial aircraft backlogs are spurring the need for vertical integration in the aerospace supply chain, titanium industry executives said.

  • Greenbrier logs 15,000 rail car orders in qtr. Sep 18, 2014

    Greenbrier Cos. received new orders for 15,000 rail cars valued at $1.37 billion in its fiscal fourth quarter ended Aug. 31, down from the previous quarter but up sharply from the year-earlier period.

  • Multi-material vehicles complicate scrap sorting Sep 18, 2014

    Multi-material vehicles present new challenges when it comes to sorting scrap left over from stamping, according to Honda Motor Co. Ltd. executives.

  • Honda to keep leaning on steel for strength Sep 18, 2014

    Honda Motor Co. Ltd. will continue to use a range of materials for its North American-made vehicles, company executives said, but noted that parts important for body strength will likely remain steel.

  • AM/NS Calvert to lift slab supply from Ind. Sep 18, 2014

    ArcelorMittal SA’s plan to boost slab supplies from its Indiana Harbor plant in East Chicago, Ind., to its AM/NS Calvert LLC facility could allow the company to sell products to customers participating in projects with “Buy American” requirements.

  • China slowdown weighs on copper outlook Sep 17, 2014

    A drop in copper demand from China will weigh on primary and secondary copper prices, but a brighter economic outlook in the U.S. will allay some fears, economists said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago.

  • Olympic Steel's Siegal joins Cliffs' board Sep 17, 2014

    Cliffs Natural Resources Inc. appointed service center executive Michael D. Siegal to its board of directors effective Sept. 16.

  • Steel distributor shipments dip, stocks rise Sep 17, 2014

    North American steel service center shipments dipped in August while inventories increased, according to the latest Metals Service Center Institute (MSCI) data.

  • Distributors’ aluminum shipments stay strong Sep 17, 2014

    North American service center aluminum shipments continued their year-on-year improvement in August despite a dip from earlier this summer, according to the latest Metals Service Center Institute (MSCI) data.

  • Mexico’s demand for stainless said surging Sep 17, 2014

    Mexico is proving to be a driving force behind the growth in stainless steel consumption, according to industry executives and analysts.

  • Esmark unit seals KMA Manufacturing deal Sep 17, 2014

    Esmark Industrial Group LLC, a metals fabrication and manufacturing subsidiary of Esmark Inc., has completed the acquisition of KMA Manufacturing LLC, formerly known as Pittsburgh Annealing Box Inc.

  • Steel will stay No. 1 in autos: ArcelorMittal Sep 17, 2014

    ArcelorMittal SA expects steel to remain the material of choice for cars and light trucks, according to company executives.

  • Commerce launches probe of steel shelving imports Sep 17, 2014

    The U.S. Commerce Department has initiated an anti-dumping and countervailing duty investigation into imports of boltless steel shelving from China.

  • ArcelorMittal cooks up steel diet for pickups Sep 17, 2014

    ArcelorMittal SA is aiming to help pickup trucks meet tougher fuel economy standards with advanced high-strength steels (AHSS).

  • Pacific Steel’s revolving credit line closes Sep 16, 2014

    Siena Lending Group LLC has completed a $15-million revolving credit facility for Pacific Steel Casting Co.

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