Supply Chain

  • Another parts supply exec snagged in antitrust probe Nov 19, 2012

    An executive at the Ohio subsidiary of an unnamed Japanese automotive supplier pleaded guilty Friday for his role in an alleged conspiracy to fix prices and rig bids on anti-vibration rubber parts sold in the United States and elsewhere, the U.S. Department of Justice said.

  • Pacesetter taps Leebow exec vp Nov 19, 2012

    Pacesetter Steel Service Inc. has named Aviva Leebow executive vice president.

  • Brazil environment agency OKs iron ore port for miner Nov 19, 2012

    The Brazilian Institute of Environment and Natural Resources (Ibama) has issued a preliminary license for the construction of port facilities at Porto Sul, in the country’s northeastern Bahia state.

  • Kinder Morgan unit to build nat gas pipeline in Mexico Nov 19, 2012

    A Kinder Morgan subsidiary plans to build a 60-mile, 36-inch-diameter natural gas pipeline in Mexico as part of a $200-million project aimed at bringing more U.S. natural gas to the country.

  • AISI calls for action on Mississippi shipping crisis Nov 16, 2012

    Clearing obstacles on the Mississippi River is essential, according to the American Iron and Steel Institute, which on Friday called on members of Congress to back letters drafted by peer elected leaders urging the U.S. Army Corps of Engineers to hasten work.

  • Stainless steel distributors welcome price hikes Nov 16, 2012

    Stainless steel distributors have largely welcomed the price increases slated for the beginning of 2013 on flat-rolled stainless products, even though most say it’s too early to tell whether they will stick.

  • Framing alliance OKs certification program Nov 16, 2012

    An industry program to independently certify that cold-formed steel connectors meet manufacturing quality standards has been approved by the Steel Framing Industry Association (SFIA).

  • Toyota expands automobile exports from US Nov 16, 2012

    Toyota Motor Corp. has begun exporting American-built Venza crossover vehicles to its distributor in South Korea, according to Toyota Motor Sales USA Inc. senior vice president Bob Carter. The automaker plans to export about 600 Venzas annually.

  • China Armco Metals lands in black in 3d qtr. Nov 16, 2012

    China Armco Metals Inc. posted net income of $134,655 in the third quarter, in contrast to a $1.1-million net loss in the same period last year, despite a 4.6-percent decline in revenue to $15.36 million from $16.1 million.

  • Metalformers keep buying to a minimum Nov 16, 2012

    The Precision Metalforming Association’s latest survey shows very slight movements in sentiment this month vs. October, but members who spoke with AMM were slightly more upbeat than the numbers might suggest.

  • Timken withdraws requests for ball bearings import hearing Nov 16, 2012

    Timken Co. has withdrawn requests for a Commerce Department hearing on anti-dumping duties on ball bearings from France and Germany.

  • Friedman Industries’ profits drop with prices, demand Nov 15, 2012

    Friedman Industries Inc.’s earnings shrank in the company’s fiscal second quarter as increased sales of coil products couldn’t compensate for a decline in tubular sales.

  • Bri-Chem profits sag on falling rig count Nov 15, 2012

    Bri-Chem Corp.’s profits fell sharply in the third quarter due to a lower Canadian rig count and an uncertain economic outlook, even as the company continued to ramp up its seamless pipe mill.

  • Steel service centers reining in stock levels Nov 15, 2012

    Although total U.S. steel shipments in October were on the rise, service centers’ outlook for the balance of the fourth quarter—especially in terms of their confidence in replacing stock—has dimmed.

  • Aluminum shipments rise, but nerves mounting Nov 15, 2012

    Aluminum shipments by U.S. service centers logged a double-digit percentage rise in October compared with September, but with many distributors remaining wary about the impending "fiscal cliff" in Washington, most say the industry is not out of the woods just yet.

  • Axion Power seeks funds as loss widens to $2.14M in qtr. Nov 15, 2012

    Axion Power International Inc. continues to search for external capital to sustain operations beyond March 2013 as its net loss widened to $2.14 million in the third quarter from a $1.97-million loss a year earlier.

  • ITC rules wire hanger imports hurt US industry Nov 15, 2012

    The U.S. International Trade Commission (ITC) voted unanimously Thursday that imports of steel wire garment hangers from Taiwan are materially injuring the domestic industry.

  • A.M. Castle shareholder critiques decisions Nov 14, 2012

    After holding a small amount of A.M. Castle & Co. shares passively for five years, Huber Capital Management LLC (HCM) and its principal have opted to take a more active role, also criticizing the company’s activities.

  • Timet-PCC deal stirs class action lawsuit talk Nov 14, 2012

    At least eight law firms are mulling shareholder lawsuits stemming from Precision Castparts Corp.’s (PCC’s) pending acquisition of Titanium Metals Corp. (Timet).

  • Aerospace aluminum alloy demand slows Nov 14, 2012

    Demand for aluminum aerospace alloys has pared back slightly due to seasonality, but the slowdown hasn’t been severe enough to impact mill lead times, sources said.

  • Mexican auto industry wants US commitment to free trade Nov 13, 2012

    The Mexican automotive industry wants to maintain a good business relationship with the United States amid President Barack Obama’s recent re-election last week and the beginning of President Enrique Peña Nieto’s term Dec. 1.

  • Exide, Maxwell in development partnership Nov 13, 2012

    Exide Technologies has formed a strategic alliance with ultracapacitor product manufacturer Maxwell Technologies Inc., San Diego.

  • Steel sector heading toward stability: Goncalves Nov 13, 2012

    The outlook for the U.S. steel sector is one of stability, according to Metals USA Holdings Corp.’s top executive, although continued growth will require discipline from domestic mills in order to keep tags up and fix volatility in pricing cycles.

  • Dedo named OESA board chair Nov 13, 2012

    The Original Equipment Suppliers Association (OESA) has elected Jacqueline A. Dedo as chairwoman of its board for the 2012-13 term, succeeding Brose North America Inc. chairman Jan Kowal.

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