Supply Chain

  • SiMn mart bearish ahead of Felman planned restart Jun 20, 2014

    Silicomanganese market sentiment is trending towards bearish, with an expected restart of Felman Production LLC prompting spot prices to firm below 60 cents per pound.

  • Nucor expects 2d-qtr. earnings to stay firm Jun 20, 2014

    Nucor Corp. expects second-quarter earnings to be roughly in line with first-quarter results as losses at the company’s direct-reduced iron plant are offset in part by stronger demand for steel sheet and plate as well as an improving nonresidential construction market.

  • US, imported steel price gaps seen correcting Jun 19, 2014

    Big spreads between U.S. and world steel prices must eventually correct, according to U.S. distributors.

  • LME, banks facing second zinc lawsuit Jun 19, 2014

    Three steel and wire manufacturers have filed a class-action lawsuit against the London Metal Exchange, Goldman Sachs Group Inc., Glencore Plc, JPMorgan Chase & Co., Trafigura Beheer BV and their respective warehousing units alleging conspiracy "to manipulate global warehouse supplies of zinc."

  • Brenner Tank expands output to parent’s facility Jun 19, 2014

    Aluminum and stainless steel tank trailer manufacturer Brenner Tank LLC has expanded production to parent company Wabash National Corp.’s facilities in Lafayette, Ind.

  • Mumford acquires AFW Foundry Jun 19, 2014

    AFW Foundry Inc., a nonferrous aluminum, brass and bronze foundry, has been sold to Mumford Cos., a business and real estate holding company. The terms of the deal were not disclosed.

  • Alcoa boosting aerospace capabilities in Va. Jun 17, 2014

    Alcoa Inc. will invest $25 million to expand its Alcoa Power and Propulsion facility in Hampton, Va., to meet demand for next-generation aircraft engine parts.

  • Transport rates said set to accelerate Jun 16, 2014

    Transportation rates charged by logistics specialists are likely to increase significantly in coming years on the back of new trucking regulations and strained transport capacity, according to two logistics executives.

  • American Alloy, Moore will appeal suit: lawyer Jun 16, 2014

    Steel product supplier American Alloy Steel Inc. and company president Arthur J. Moore plan to file an appeal of a lawsuit that accused them and a number of steel companies and service centers of trying to drive MM Steel LP out of business.

  • Central Steel accuses former exec of taking data Jun 16, 2014

    Central Steel & Wire Co. employees have been told to watch for indications that a former executive may have exploited the company’s confidential trade data, according to an internal memo obtained by AMM.

  • Midwest Materials names sales rep Jun 16, 2014

    Midwest Materials Inc. has appointed Tracy Bowling as an inside sales representative.

  • $70M incentive package OK’d for CN Wire plant Jun 13, 2014

    Local officials in Doña Ana County, N.M., have signed off on a $70-million incentive program for CN Wire Corp. in the form of industrial revenue bonds, pending approval by the county’s department of finance, a county commissioner told AMM.

  • Hanard renamed ATI Cast Products after buy Jun 13, 2014

    Allegheny Technologies Inc. (ATI) has acquired specialty steel and alloy machine shop Hanard Machine Inc. to expand its production of finished specialty materials parts and components.

  • ArcelorMittal agrees to pay $90M to settle suit Jun 13, 2014

    ArcelorMittal SA and its U.S. subsidiary have agreed to pay $90 million to settle a 2008 lawsuit alleging that the companies and other major steel producers conspired to fix steel prices, according to documents filed in U.S. District Court in Illinois.

  • No new trial in MM Steel antitrust case Jun 13, 2014

    A federal judge has denied a new trial for steel companies and service centers hit with $156 million in damages in a Texas antitrust lawsuit that accused them of trying to drive MM Steel LP out of business.

  • Japan firms to hold 777X role, may add forgings Jun 13, 2014

    Japanese aerospace suppliers will preserve their position, and possibly increase their ultimate production role, on the newest version of Boeing Co.’s 777.

  • World DRI output to grow ‘quite considerably’ Jun 12, 2014

    Global production of direct-reduced iron (DRI), aided in part by the increasing availability of natural gas, should increase by at least 5 million tons annually over the next decade with the addition of several large new plants, according to Midrex Technologies Inc.

  • Loenbro planning to build facility in Montana Jun 12, 2014

    Energy services and maintenance construction company Loenbro Inc. is building a 30,000-square-foot facility in Great Falls, Mont., according to a company executive.

  • Donald Foster to retire from L.B. Foster Jun 12, 2014

    Donald L. Foster will retire as senior vice president of L.B. Foster Co.’s construction products group June 20 after a 35-year career in the steel industry.

  • American Manganese eyes battery mart Jun 12, 2014

    American Manganese Inc. will focus its Artillery Peak project in Arizona on the production of chemical manganese dioxide (CMD) for the rechargeable lithium-manganese ion battery market.

  • Tubular weakness sinks Friedman’s earnings Jun 12, 2014

    Falling tubular selling prices and volumes sent Friedman Industries Inc.’s net income tumbling 72.1 percent in fiscal 2014.

  • A.M. Castle signs supply deal with UTC Jun 12, 2014

    Metals distributor A.M. Castle & Co. has struck a long-term deal to become industrial giant United Technologies Corp.’s (UTC’s) preferred supplier of raw materials and other services, the companies said June 12.

  • NCI financial results chilled in 2d qtr. Jun 11, 2014

    NCI Building Systems Inc. oozed red ink in its fiscal second quarter amid the lingering impacts of a harsh winter despite early indications of increased demand from the nonresidential construction sector.

  • Water infrastructure bill enacted Jun 11, 2014

    Water infrastructure legislation supported by the steel industry was signed into law by President Barack Obama June 10.

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