Supply Chain

  • Peerless worker killed in incident at Mich. facility Jun 03, 2014

    A worker was killed at Peerless Steel Co.’s facility in Saginaw, Mich., and the plant is now running "on a limited basis," a company source told AMM.

  • Grede purchased by American Securities Jun 03, 2014

    Grede Holdings LLC has been acquired by private equity firm American Securities LLC, the company said June 3.

  • Metals financing under pressure due to probe Jun 03, 2014

    Western banks and commodities warehousing companies knee-deep in Chinese repurchase deals should be worried.

  • A.M. Castle management cuts to save $7M Jun 03, 2014

    Metals distributor A.M. Castle & Co. cut executive and management positions in late May and early June. The move will result in estimated savings of $7 million annually, to be accrued starting in the third quarter of 2014, the company said June 3.

  • Finishing company adds tester Jun 03, 2014

    Finishing services provider OCTG LLP has installed a new mill-speed plain-end hydrostatic pipe testing unit at its Houston location, the company said June 3.

  • RTI boosts powder materials capacity with Dynamet buy Jun 03, 2014

    RTI International Metals Inc. has acquired titanium and titanium-alloy components producer Dynamet Technology Inc. for $15.5 million in cash to help boost its powder materials capabilities.

  • Abakan names Goss new MesoCoat chief executive Jun 02, 2014

    Abakan Inc. director Stephen Goss has been named chief executive officer of the company’s majority-owned MesoCoat Inc.

  • Kloeckner appoints Birmingham GM Jun 02, 2014

    Kloeckner Metals Corp. named Eddie Toth general manager of its Birmingham, Ala., location effective June 2, the company said.

  • Initial steel needs for Calif. bridge flow to local market Jun 02, 2014

    Initial steel requirements for the $1-billion Gerald Desmond Bridge replacement project in Long Beach, Calif., are beginning to trickle into the local market.

  • NOV closes spin-off, Miller exits Jun 02, 2014

    National Oilwell Varco Inc. (NOV) has completed the spin-off of its distribution business, NOW Inc., the company said May 30.

  • Cheniere signs LNG supply deal Jun 02, 2014

    Corpus Christi Liquefaction LLC, part of Cheniere Energy Inc., has signed a 20-year liquefied natural gas (LNG) supply agreement with Spanish energy company Gas Natural Fenosa LNG SL.

  • Superior Drilling pays $25M for Hard Rock; IPO complete May 30, 2014

    Superior Drilling Products Inc. has acquired reaming assembly provider Hard Rock Solutions LLC for $25 million, of which $12.5 million was paid in conjunction with the closing of its initial public offering (IPO), the company said.

  • Cheniere, Iberdrola ink LNG deal May 30, 2014

    Corpus Christi Liquefaction LLC, part of Cheniere Energy Inc., has signed a 20-year liquefied natural gas (LNG) supply agreement with Spanish energy company Iberdrola SA.

  • Samuel to add cut-to-length line, levelers May 30, 2014

    Steel distributor and processor Samuel, Son & Co. Ltd. will invest Canadian $16 million ($14.7 million) to expand its Winnipeg, Manitoba, facility, installing a new cut-to-length line, stretcher leveler and precision leveler over the next 12 months.

  • Stainless Sales appoints president May 29, 2014

    Stainless Sales Corp. has appointed Robert Whitehouse president.

  • Japanese target US auto aluminum sheet mart May 29, 2014

    The Japanese auto industry is looking to capture market share in the U.S. automotive aluminum sector, highlighting the possibility of a major shift to aluminum for Japanese-brand mass-market vehicles, Wise Metals Group LLC’s top executive told AMM.

  • Alcoa aims to capture aerospace demand May 29, 2014

    Alcoa Inc. has broken ground on a $100-million aerospace expansion in La Porte, Ind., where it will produce nickel-based superalloy parts for jet engines.

  • New trial sought in MM Steel antitrust case May 29, 2014

    Service centers and steel mills accused in an antitrust lawsuit of trying to force MM Steel LP out of business have requested a new trial.

  • MRC Global continues acquisition spree May 29, 2014

    A subsidiary of MRC Global Inc. has acquired MSD Engineering Pte Ltd., a Singapore-based distributor and regional service provider of valve and valve automation solutions, for an undisclosed amount.

  • Triumph to acquire GE’s hydraulic business May 28, 2014

    Triumph Group Inc. has agreed to buy the hydraulic actuation business of General Electric Co.’s aviation unit for about $70 million.

  • JDM Steel Service promotes execs May 28, 2014

    JDM Steel Service Inc., an "all-prime" flat-rolled steel supplier and toll processor, has promoted two executives to key positions.

  • Housing to drive copper demand in ’14: report May 27, 2014

    A boom in U.S. housing starts could drive demand for base metals, particularly copper, over the coming year, while public infrastructure and nonresidential construction may lag, according to AllianceBernstein LP.

  • Kobe, Toyota Tsusho eye auto aluminum venture May 27, 2014

    Japan’s Kobe Steel Ltd. and Toyota Tsusho Corp. are considering setting up a joint venture to produce automotive aluminum sheet in the United States.

  • MRC Global acquiring Norway’s Metron May 27, 2014

    MRC Global Inc. is adding to its international portfolio with the planned acquisition of Metron Holding AS, the Norwegian parent firm of instrumentation and process control products provider Hypteck AS, for an undisclosed amount.

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results