Supply Chain RSS

  • Hedges to succeed Siegel at helm of Russel Metals Dec 22, 2008

    Brian R. Hedges will take over as president and chief executive officer of Russel Metals Inc. effective May 12, when Edward M. “Bud” Siegel retires from the Mississauga, Ontario-based service center chain.

  • Forecasts scarce, worries plentiful for shipping firms Dec 11, 2008

    A lot of question marks permeated AMM’s 3rd annual Moving Metals Conference this week in Memphis, Tenn. Forecasts were difficult to come by, shippers and carriers said, in the wake of grave economic uncertainty and the shutdown of 50 percent or more of U.S. iron and steel production in the fourth quarter.

  • Jemison Demsey promotes two executives Dec 10, 2008

    Jemison Demsey Metals has promoted Will Ernst to director of purchasing and Joe Ross Merritt to materials manager.

  • American Axle, FormTech swap assets Dec 08, 2008

  • Worthington Industries taps Rose as new finance chief Dec 02, 2008

    Flat-rolled steel processor and distributor Worthington Industries Inc., has appointed B. Andrew Rose as its new chief financial officer, effective immediately. Rose succeeds John S. Christie, who retired from the Columbus, Ohio-based company in July.

  • Russel to buy distributor Norton Metal Nov 10, 2008

    Russel Metals Inc., a Mississauga, Ontario-based steel processor and distributor, has signed an agreement to acquire 100 percent of the outstanding capital stock of Norton Metal Products Inc., a Fort Worth, Texas-based, family owned metals service center.

  • Con-way Freight to shut 40 centers, trim jobs about 1% Nov 04, 2008

    Con-way Freight Inc., a less-than-truckload (LTL) carrier based in Ann Arbor, Mich., said Monday it plans to close 40 service centers across the United States.

  • Delphi keeps eye on futures contract Oct 30, 2008

    Delphi Corp. has joined the list of automotive companies keeping a close eye on CME Group Inc.’s new hot-rolled coil steel futures contract.

  • Samuel’s acquisition strategy paying off Oct 29, 2008

    Business from new operations and higher prices offset weaker demand in the third quarter, helping Samuel Manu-Tech Inc., Toronto, post higher earnings results.

  • A.M. Castle net slips despite record sales Oct 29, 2008

    Although A.M. Castle & Co., Franklin Park, Ill., posted record third-quarter sales, its management said earnings were down because of declining volume due to market volatility.

  • Timken lowers expectations after record sales, earnings Oct 27, 2008

    Timken Co. tripled its earnings on record sales in the third quarter, but cast doubt over 2009 because of weak automotive markets and uncertainty about the direction of the global economy.

  • Metals USA Holdings posts strong results ahead of crisis Oct 20, 2008

    Strong steel demand ahead of the current global financial crisis helped Metals USA Holdings Corp., Houston, post net income of $36 million in the third quarter in contrast to a $3.4-million net loss in the same period last year on sales that jumped 31.5 percent to $617.7 million.

  • Reliance halts guidance; 3d-qtr. net up Oct 16, 2008

    The global financial meltdown hasn’t had a major impact on Reliance Steel & Aluminum Co.’s business, but the nationwide service center chain, nevertheless, won’t give a fourth-quarter earnings outlook until the economic signs become clearer.

  • Pipe, tube distributor riding out financial storm, for now Oct 14, 2008

    Orders keep rolling in for pipe and tube distributor BBL Co. despite the ongoing financial crisis, but where things will be three months from now is far less clear.

  • Centers’ stocks a concern as demand, prices fall Oct 06, 2008

    Nerves are on edge as inventory values are being slammed by weakening steel demand and slipping prices that, according to service center executives surveyed Friday.

  • Tooling maker hires sales director Oct 02, 2008

    Roll-Kraft Inc., a Mentor, Ohio-based tube, pipe and roll-forming equipment and tooling supplier, has appointed Jayne Herak as director of sales.

  • Worthington posts record sales, earnings Sep 24, 2008

    Worthington Industries Inc. achieved record earnings in its fiscal first quarter thanks largely to a wide spread between steel costs and selling prices

  • Port of Houston reopens after Ike Sep 18, 2008

    The Port of Houston reopened Thursday morning, about five days after Hurricane Ike forced its closure.

  • Steel processor to build temper mill Sep 12, 2008

    Norfolk Iron & Metal, a Norfolk, Neb.-based steel service center and processor, announced plans Thursday for a $20-million expansion, including a temper mill, to meet demand for ultra-flat plate products.

  • Steel wire rack maker shuts after USW rebuffs wage cut Sep 12, 2008

    Premier Wire Ltd., an Alexandria, Ontario-based manufacturer of steel wire racking for retail displays, shut down suddenly after negotiations with the remaining employees, members of the United Steelworkers union, “bluntly refused” wage concessions, according to Jean-Marc Perron, president of parent company Norfil Inc., Chambly, Quebec.

  • People on the move Sep 12, 2008

    O’Neal Steel Inc., a Birmingham, Ala.-based international service center chain, has appointed Rich Vanatsky as general manager of Asian operations for the company’s High-Performance Metals Group (HPMG).

  • People on the Move Sep 12, 2008

    Venture Steel Inc., an Etobicoke, Ontario -based service center, has hired Rob DeBoer as director of sales. DeBoer, a 28-year veteran of steel distribution, began his career at Taylor Steel Inc. in Ontario, where he focused on selling to the automotive and manufacturing sectors. He spent the past 19 years at Novamerican Steel Inc., LaSalle, Quebec, where he was most recently director of sales for carbon flat-rolled products for North America. Venture Steel processes hot-rolled, cold-rolled and coated steel.

  • Steel processor to build temper mill Sep 12, 2008

    Norfolk Iron & Metal, a Norfolk, Neb.-based steel service center and processor, announced plans Thursday for a $20-million expansion, including a temper mill, to meet demand for ultra-flat plate products.

  • Steel wire rack maker shuts after USW rebuffs wage cut Sep 12, 2008

    Premier Wire Ltd., an Alexandria, Ontario-based manufacturer of steel wire racking for retail displays, shut down suddenly after negotiations with the remaining employees, members of the United Steelworkers union, “bluntly refused” wage concessions, according to Jean-Marc Perron, president of parent company Norfil Inc., Chambly, Quebec.

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