Supply Chain

  • Aluminum’s prospects bright for 2014: execs Oct 28, 2013

    Aluminum industry executives are optimistic about 2014, especially given expected demand growth from the automotive sector.

  • Progress Rail set to ship LNG-powered locomotives Oct 28, 2013

    Progress Rail Services Corp. expects to ship its first locomotives powered by liquefied natural gas (LNG) in November, chairman and chief executive officer Douglas R. Oberhelman told investors during an earnings conference call.

  • Reliance sees aero plate glut into 2014 Oct 28, 2013

    The long-lasting inventory overhang of heat-treat aluminum aerospace-quality plate will likely persist well into 2014, according to service center operator Reliance Steel & Aluminum Co.

  • Reliance investment focus stays on N. America Oct 28, 2013

    Reliance Steel & Aluminum Co. will continue to spend the majority of its investment dollars in North America, according to chairman and chief executive officer David H. Hannah.

  • American Piping Products buys Ozark assets Oct 28, 2013

    American Piping Products Inc. has acquired the assets of Ozark Tubular Products Inc.

  • Comau wins assembly line pact for Airbus plant in Ala. Oct 25, 2013

    Airbus SAS has picked Comau Aerospace, a division of Comau SpA, to build the aircraft main assembly and test stations for its new plant in Mobile, Ala.

  • Caterpillar surprised by equipment slump Oct 25, 2013

    Heavy equipment maker Caterpillar Inc. was caught off-guard by the depth of shrinking demand for mining equipment, but it is adapting to changing market conditions.

  • Permac exec Miller elected first woman PMPA president Oct 25, 2013

    Darlene Miller, owner, president and chief executive officer of Permac Industries Inc., has been named the first woman president of the Precision Machined Products Association (PMPA).

  • Ford expects growth in near-term demand Oct 24, 2013

    Ford Motor Co. is bullish on its performance expectations for the full year and projects strong growth in automotive sales in 2014, particularly in North America.

  • House OKs waterways infrastructure bill Oct 24, 2013

    Transportation advocates and steel interests have lauded House approval of legislation intended to improve water resource infrastructure and fund port development.

  • Buyers question possible steel sheet hikes Oct 24, 2013

    The steel sheet market remained steady this week amid increased discussions over a possible price increase and concerns over the ability to pass along higher numbers to end-users, sources said.

  • Metals pricing poised for increase: Reliance exec Oct 24, 2013

    Reliance Steel & Aluminum Co.’s earnings dipped in the third quarter due in part to seasonal demand and weaker metals pricing.

  • Timken’s net income tumbles in 3d qtr. Oct 24, 2013

    Timken Co.’s earnings slumped in the third quarter due in part to weaker demand from its broad end markets, as well as lower volume and manufacturing utilization.

  • Weaker sales push ATI into red in 3d qtr. Oct 24, 2013

    Allegheny Technologies Inc. (ATI) fell into the red in the third quarter, citing weaker sales due to sluggish demand from many key markets.

  • CCX port concession approved Oct 24, 2013

    Colombian coal exploration company CCX Carvão da Colômbia SA, a subsidiary of Brazil’s EBX Group, has obtained approval for its 35-million-tonne-per-year port concession in northern Colombia, the company said Oct. 22.

  • Boeing outlines 787 output schedule Oct 23, 2013

    Boeing Co., which is looking to double the build rate of its 787 Dreamliner this year, isn’t planning another production increase for the titanium-intensive airliner until 2016.

  • SDI eyes premium rail as demand expected to rise Oct 23, 2013

    Steel Dynamics Inc. (SDI) executives expect a long-awaited improvement in steel rail demand to happen in the near term.

  • Caterpillar blames mining for Q3 profit slump Oct 23, 2013

    Caterpillar Inc. posted third-quarter net income of $946 million, down 44.3 percent from nearly $1.7 billion in the same period last year on sales that dipped 18.4 percent to $13.42 billion.

  • Metals industry employment data mixed Oct 23, 2013

    U.S. primary metal producers shed 600 jobs last month, partially offsetting a 3,000-job increase in August, while employment in the fabricated metal products sector rose by 2,400 workers in September, according to nonseasonally adjusted data from the U.S. Bureau of Labor Statistics.

  • Volvo to expand Maryland plant Oct 23, 2013

    AB Volvo will invest $30 million to expand its 1.5-million-square-foot facility in Hagerstown, Md., which produces D11, D13 and D16 diesel truck engines.

  • Platinum Equity buys MetoKote Oct 23, 2013

    Platinum Equity LLC has acquired MetoKote Corp., which provides industrial metal-coating services, from CCMP Capital Partners LLC. The terms of the transaction were not disclosed.

  • Boeing cuts 747 output due to weakened demand Oct 23, 2013

    Boeing Co. will reduce the monthly build rate of its 747-8 program at its Everett, Wash., facility to 1.5 planes from 1.75 planes through 2015 due to lower market demand for large passenger and freight aircraft, the company said.

  • CarTech to build superalloy plant near alloy site Oct 23, 2013

    Carpenter Technology Corp. is building its $20-million superalloy powder facility "directly across the street" from its nearly completed, $518-million premium alloy facility in Limestone County, Ala., the company said Oct. 22.

  • Whirlpool earnings soar on NA sales growth Oct 22, 2013

    Whirlpool Corp. posted record earnings in the third quarter, led by strong growth in North America and increased consumer spending.

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