Supply Chain

  • Ford drops from No. 1 spot but March auto sales still up 38.1% Apr 05, 2010

    Ford Motor Co. lost its No. 1 berth in vehicle sales in March, coming in third behind General Motors Co. and Toyota Motor Sales USA Inc.

  • KeyBanc reiterates Reliance Steel ‘buy’ rating Apr 01, 2010

    KeyBanc Capital Markets Inc. has reiterated its “buy” rating on shares of Reliance Steel & Aluminum Co., the nation’s largest service center chain.

  • KeyBanc reiterates ‘buy’ rating on Reliance Apr 01, 2010

    KeyBanc Capital Markets Inc. has reiterated its “buy” rating on shares of Reliance Steel & Aluminum Co., the nation’s largest service center chain.

  • Wire maker Tree Island upbeat despite wider ’09 loss Mar 31, 2010

    Tree Island Wire Income Fund closed 2009 in the red, but expects to see improvements as its inventories are in line with market demand and key markets seem to have bottomed out.

  • New York manufacturers seeing steady growth Mar 16, 2010

    Business conditions for New York manufacturers have continued to improve at a steady pace and companies are projecting further growth in the months ahead, according to the March manufacturing survey by the Federal Reserve Bank of New York.

  • Caterpillar eyeing new factory in US Mar 12, 2010

    Global heavy equipment manufacturer Caterpillar Inc. has kicked off a study that it said could lead to construction of a new hydraulic excavator factory in the United States.

  • Optimism grows on airliner build rate Mar 11, 2010

    Optimism is building in the commercial aerospace sector as the world’s two largest airliner manufacturers said this week they are either increasing production rates or seriously considering such a move.

  • Walter Energy taps Joseph Leonard as interim chief executive Mar 08, 2010

    Walter Energy Inc. has selected a member of its board of directors to serve as interim chief executive officer, replacing Victor P. Patrick, who has announced his retirement.

  • Super Steel Products files for receivership Mar 04, 2010

    Super Steel Products Corp., a manufacturer of metal-based products and equipment for the industrial, construction, agricultural and railroad markets, has filed a petition for receivership under Chapter 128 of the Wisconsin statutes.

  • Olympic, Gibraltar earnings view cut Feb 26, 2010

    KeyBanc Capital Markets Inc. on Friday maintained its ratings on Olympic Steel Inc. and Gibraltar Industries Inc., keeping the companies’ shares at “hold” and “buy” respectively, although trimming its per-share earnings estimates for both.

  • Olympic Steel draws $2.6M in red ink during 4th quarter Feb 25, 2010

    Metals processor and service center chain Olympic Steel Inc. slipped into the red in the fourth quarter as the recession and historically low steel demand took a bite out of the company’s shipments and sales.

  • Structural fabricator Canam upbeat as net income falls Feb 24, 2010

    Citing the slowdown in non-residential construction activity throughout North America last year, structural steel fabricator Canam Group Inc. saw its fourth-quarter and full-year earnings sag.

  • Metal retailer wants arbitration ruling enforced Feb 23, 2010

    Metal Supermarkets Corp., a retailer specializing in a high volume of small orders which successfully won an arbitration ruling that allows it to collect royalties from a franchisee of one of its chain of stores, is asking a U.S. District Court judge to enforce the arbitrator’s ruling.

  • Wind, rail projects get boost from economic stimulus funding Feb 19, 2010

    U.S. producers of carbon steel plate have been among the groups most fervently hoping for a boost in product demand from the American Recovery  and Reinvestment  Act (ARRA), and recent developments in two main plate end-use markets might be a sign that such developments are occurring.

  • L.B. Foster sees Portec buy aiding move into global markets Feb 19, 2010

    L.B. Foster Co.’s planned takeover of Portec Rail Products Inc. will allow Foster to enter international markets, the company said.

  • New York manufacturers see business pick up Feb 16, 2010

    General business conditions improved at a healthy pace for New York manufacturers this month, with the index climbing 9 points to 24.9, the Federal Reserve Bank of New York reported Tuesday.

  • Toyota recalls some Prius, Lexus autos Feb 09, 2010

    Toyota Motor Sales USA Inc. said Monday it will conduct a voluntary safety recall on approximately 133,000 2010 Prius vehicles and 14,500 Lexus Division 2010 HS 250h vehicles to update software in the vehicles' antilock brake system (ABS).

  • EnerSys reports lower earnings, eyes return to higher margins Feb 04, 2010

    EnerSys Inc., the world’s largest maker and distributor of industrial batteries, reported lower earnings for the three months ended Dec. 27, saying the recession kept sales volumes subdued.

  • Aero market still in storm, but clearer skies ahead: Boeing Feb 03, 2010

    With Boeing Co. forecasting the need for 29,000 new aircraft worldwide by 2028, which it values at some $3.2 trillion, the commercial airplane manufacturer said it sees clearer skies ahead.

  • Steel processors see sluggish recovery in end-user demand Feb 02, 2010

    Steel demand from the construction sector is likely to maintain a slow pace in 2010, and demand from automotive, heavy equipment and other markets is returning but not to levels seen prior to the recession, according to members of the Association of Steel Distributors (ASD).

  • Goncalves seeks master infrastructure plan Feb 02, 2010

    The leader of national service center chain Metals USA Holdings Corp. is disappointed in the pace and breadth of the infrastructure spending promised under the federal stimulus package, and says better planning is needed.

  • Stainless plate distributor opens NC site Feb 02, 2010

    Stainless and nickel alloy plate distributor Jacquet Mid Atlantic Inc., a subsidiary of Jacquet Metals SA, has opened its fifth U.S. service center.

  • Metals USA shrinks its loss to $4.4M in fourth quarter Feb 01, 2010

    Service center operator Metals USA Holdings Corp. recorded a fourth-quarter loss of $4.4 million, narrowing from a $7-million loss in the year-earlier quarter, on sales that fell 46.3 percent to $245.3 million from $456.4 million.

  • Manufacturing PMI expands for sixth month in a row: ISM Feb 01, 2010

    Economic activity in the manufacturing sector expanded in January for the sixth consecutive month, and the overall economy grew for the ninth consecutive month, according to a survey of supply executives.

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