Supply Chain

  • ITA reviewing various duty orders Nov 01, 2013

    The Commerce Department’s International Trade Administration (ITA) has initiated a review to determine if revocation of countervailing or anti-dumping duty orders would likely lead to material injury.

  • Olympic sees bright spots in auto, agricultural Nov 01, 2013

    Demand from the automotive industry remains strong and should continue for the next few years, while both the agricultural and professional-grade food equipment business have grown, Olympic Steel Inc. executives said during an Oct. 31 earnings conference call.

  • Spirit to exit Russian joint venture Nov 01, 2013

    Spirit AeroSystems International Holdings Inc. will end its participation in a six-year-old Russian joint venture as part of a “strategic and financial review” of the company’s business.

  • Reliance unit buys Haskins Steel Nov 01, 2013

    American Metals Corp., a unit of Reliance Steel & Aluminum Co., has bought Haskins Steel Co. Inc. for an undisclosed sum

  • Esmark Steel cutting capacity to restore margins Nov 01, 2013

    Esmark Inc. founder, chairman and chief executive officer James P. Bouchard is taking steps to right-size the company’s Esmark Steel Group LLC subsidiary by shutting down 16,000 tons of slitting muscle and 2,000 tons of cut-to-length capability in the face of paper-thin margins and persistently sluggish utilization rates.

  • Sagging rail car shipments route FreighrCar America into red Nov 01, 2013

    FreightCar America Inc. fell into the red in the third quarter due to a drop in rail car deliveries, which was triggered by a decline in coal-related demand.

  • ARI earnings rise on tank car demand Nov 01, 2013

    A jump of nearly 50 percent in American Railcar Industries Inc.’s (ARI’s) third-quarter earnings highlights the contrast between a robust market for tank rail cars and comparatively soft demand for new coal cars.

  • Caterpillar to close Texas assembly plant Nov 01, 2013

    Caterpillar Inc. will close its assembly plant in Kilgore, Texas, in response to a slowdown in demand from the mining sector, the company said Oct. 30.

  • MRC Global unit inks supply agreement Oct 31, 2013

    MRC Global Inc. subsidiary McJunkin Red Man Corp. has been awarded a framework supply agreement for pipes, valves and fittings at Chevron Phillips Chemical’s U.S. Gulf Coast petrochemicals project.

  • Flack Steel, GlobeNet to merge Oct 31, 2013

    Flack Steel Ltd. and GlobeNet Metals LLC will merge to create a steel sales organization with annual revenue in excess of $200 million and volume of about 275,000 tons a year.

  • GM’s net income falls 52.7% in 3d quarter Oct 31, 2013

    General Motors Co.’s third-quarter net income fell 52.7 percent to $698 million from nearly $1.48 billion in the same period last year despite a 3.7-percent increase in sales to $39 billion.

  • Sept. construction spending up; outlook mixed Oct 31, 2013

    Several key indicators suggest continued growth in residential housing construction, but relative uncertainty in nonresidential and public construction won’t help steelmakers as they await an improved building market.

  • Triple-S expanding Intsel in Calif., Ariz. Oct 30, 2013

    Triple-S Steel Holdings Inc. will continue its growth in the West with its own service centers in California and Arizona.

  • A.M. Castle to close four plants Oct 30, 2013

    A.M. Castle & Co. will close four additional warehouses and stock and sell more commodity products as part of a restructuring effort to halt the specialty metals distributor’s recent losses, especially in the face of uneven demand in key customer sectors.

  • US political gridlock, aging infrastructure challenges for aluminum Oct 30, 2013

    While the future might be bright for aluminum, the sector continues to grapple with a host of challenges, including political gridlock in the United States, the country’s aging infrastructure and the race to build capacity to meet expected demand, industry executives said.

  • Metal shipments, new orders fall in Sept. Oct 30, 2013

    Shipments and new orders of primary metals and fabricated metals dipped in September compared with the previous month, according to the latest U.S. Census Bureau data.

  • Increased shipments spur Chrysler earnings Oct 30, 2013

    Chrysler Group LLC’s earnings jumped in the third quarter thanks mainly to increased vehicle shipments.

  • Metal Processing acquires Braner/Loopco slitting line Oct 30, 2013

    Metal Processing Corp. has purchased a new Braner/Loopco slitting line that will handle heavier-gauge products.

  • German auto parts supplier opens new Kentucky facility Oct 30, 2013

    German auto parts supplier Muhr und Bender KG (Mubea) has opened a $60-million tailored rolled blank manufacturing plant in Boone County, Ky.

  • Ducommun earnings fall as it looks to replace C-17 work Oct 30, 2013

    Ducommun Inc. is seeking additional commercial aircraft work as the aerospace contractor looks to replace business that will be lost in the coming phaseout of Boeing’s C-17 Globemaster III military transport.

  • Automotive demand drives JCI to profitability Oct 29, 2013

    Johnson Controls Inc. (JCI) returned to profitability in its fiscal fourth quarter as sales rose in all three of its main businesses, led by automotive growth.

  • A.M. Castle reports $6.9M net loss in 3d qtr. Oct 29, 2013

    A.M. Castle & Co. posted a net loss of more than $6.9 million in the third quarter in contrast to net income of nearly $3.2 million in the same period last year on a 16.1-percent decline in sales to $253.71 million.

  • CarTech blames soft market for income dip Oct 29, 2013

    Carpenter Technology Corp. reported lower earnings in its fiscal first quarter due to soft market conditions that resulted in a drop in net sales.

  • Reliance sees more acquisitions as metals rally Oct 29, 2013

    Reliance Steel & Aluminum Co. is seeing more acquisition opportunities as metal markets improve from recession-era doldrums, chairman and chief executive officer David H. Hannah said.

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