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A.M. Castle & Co. has been trimming inventory, closing branches and implementing layoffs as part of a widespread cost-cutting effort that executives first outlined in January (amm.com, Jan. 17).
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Tenaris SA plans to build a $70-million sucker rod mill with a production capacity of 1.8 million units near the company’s welded operations in Conroe, Texas.
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Service center operator and energy products distributor Russel Metals Inc. recorded a narrower profit in the first quarter despite a boost in sales as the company saw decreased demand in some sectors as well as lower selling prices.
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Drew Industries Inc.’s profits narrowed in the first quarter as production issues, higher material costs and expansions and reorganizations bit into the bottom line.
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Ducommun Inc. has received a contract extension from Boeing Co. to provide spoilers for the Boeing next-generation 737 single-aisle airliner.
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I would like to clarify certain comments that I made on our first-quarter conference call April 25 which were then reported in AMM regarding the CRU Steel Index (amm.com, April 25).
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MRC Global Inc. posted net income of $46.18 million during the first quarter, 23 percent higher than $37.53 million in the same period last year despite a 5.6-percent decline in sales to $1.31 billion.
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Georgia steel fabricator Impulse Manufacturing Inc. is expanding after winning a contract to supply Caterpillar Inc.’s new plant in Athens, Ga., a company spokesman told AMM.
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TransCanada Corp. has received enough shipper interest to build its proposed 125-mile Heartland pipeline and a terminal facility in Alberta, the Canadian comany said.
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The top-selling automakers in the United States sold 1.11 million vehicles in April, up 9.5 percent from the same month last year but down 11 percent from sales of more than 1.25 million vehicles in March, the strongest month so far in 2013.
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Kinder Morgan Energy Partners LP has signed a long-term agreement that will support the company’s planned expansion of its Sweeny Lateral pipeline.
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Two automotive suppliers of precision chassis castings and machining parts, Diversified Machine Inc. and SMW Automotive LLC, have merged to form a $1.2-billion company named Chassix Inc.
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New software to help vehicle designers quickly and accurately evaluate material selection trade-offs, including mass, cost and greenhouse gas emissions, has been developed by the Steel Market Development Institute (SMDI) and WorldAutoSteel, the automotive group of the World Steel Association.
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U.S. Steel Corp. continues to see solid demand in the automotive market, but the steelmaker says it has yet to see a significant uptick in the construction sector.
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To assist engineers and automakers in applying the most lightweight and cost-effective steel bumpers in passenger cars and light trucks, the Steel Market Development Institute’s (SMDI’s) Bumper Group has released the fifth edition of its product manual.
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General Motors Co.’s first-quarter net income fell 13.8 percent to $865 million from slightly more than $1 billion in the same period last year on sales that dropped 2.3 percent to $36.88 billion.
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Kinder Morgan Energy Partners LP has completed its $5-billion acquisition of natural gas services provider Copano Energy LLC.
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The U.S. Commerce Department’s International Trade Administration (ITA) has given notice for interested parties to participate in various administrative reviews.
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Allegheny Technologies Inc. (ATI) is looking to benefit from higher shipments of nonaerospace, industrial titanium this year, but might nevertheless reduce its sponge output rate as it moves to avoid surplus inventory.
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U.S. manufacturing activity expanded in April for the fifth straight month, although the rate of growth—while positive—clocked in at the lowest level this year, according to the Institute for Supply Management (ISM).
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Titanium producer RTI International Metals Inc. is looking to boost its involvement with Airbus SAS downstream as the European aircraft builder prepares to open its first U.S. assembly plant.
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RTI International Metals Inc. has sold Pierce-Spafford Metals Co. Inc. to Titanium Industries Inc. for $12.5 million in cash in a deal that underscores long-term strategies at both companies.
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Discussions on how to manage state-owned enterprises (SOEs) may come under increased scrutiny in future negotiations over what could be one of the largest trade agreements to date—the proposed Trans-Pacific Partnership (TPP).
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Pipe supplier Everett J. Prescott Inc. (EJP) faces $76,230 in fines for allegedly violating workplace safety standards, the Occupational Safety and Health Administration (OSHA) announced.