Supply Chain RSS

  • Falcon Steel files for Ch. 11 Jul 01, 2014

    Steel fabricator Falcon Steel Co. has filed for Chapter 11 bankruptcy protection, listing several tubular mills among its largest unsecured creditors, although the company expects to emerge from insolvency shortly.

  • Olympic Steel amends, extends credit facility Jul 01, 2014

    Olympic Steel Inc. has amended and extended its asset-based credit facility.

  • Green energy may boost copper use Jun 30, 2014

    Power generation and automobiles account for about 7 percent of global copper demand, but a 20-percent shift in these markets to "green" alternatives could boost copper usage by up to 2.5 million tonnes by 2025, according to one industry analyst.

  • Patrick buys fabricator to boost RV reach Jun 30, 2014

    Patrick Industries Inc. has acquired fabricated aluminum producer and distributor Foremost Fabricators LLC for $45 million with a view toward expanding its presence in the recreational vehicle (RV) market.

  • Holiday notice Jun 30, 2014

    AMM’s offices will be closed Friday, July 4, in observance of Independence Day, and there will be no issue that day. The New York Mercantile Exchange also will be closed Friday. The London Metal Exchange will be open, and AMM will publish the LME’s July 4 prices in the July 8 issue.

  • American Alloy, Moore file appeal in MM Steel case Jun 27, 2014

    American Alloy Steel Inc. and president Arthur J. Moore have filed an appeal in an antitrust case that saw several steelmakers and service centers hit with $156 million in damages, according to court documents.

  • Gibraltar expecting weaker 2d-qtr. results Jun 27, 2014

    Gibraltar Industries Inc. expects weaker-than-anticipated results in the second quarter due to construction markets that have failed to rebound from the severe winter.

  • AZZ mulls acquisitions to grow galvanizing Jun 27, 2014

    AZZ Inc. plans to expand its galvanizing business and is considering organic growth, mergers and acquisitions, executives said during an earnings conference call June 27.

  • Trinity to acquire Meyer Steel Structures Jun 27, 2014

    Trinity Industries Inc. has entered into an agreement to acquire Meyer Steel Structures, the utility steel structures division of Thomas & Betts Corp., for $600 million.

  • Stronger sales lift Worthington profits Jun 26, 2014

    Worthington Industries Inc.’s net income increased 10.9 percent in its fiscal year despite a 1.1-percent dip in the last three months of the year.

  • O’Neal, Leeco win $117M in fraud suit Jun 26, 2014

    Service center operators O’Neal Steel Inc. and Leeco Steel LLC have prevailed in their 2011 lawsuit against two steel suppliers and their owners alleging fraud, misrepresentation, negligence and breach of contract and warranty.

  • Varsteel acquires Peace Steel Jun 26, 2014

    Canadian service center chain Varsteel Ltd. has purchased the steel service center business of Peace Steel Ltd.

  • Chrysler expanding Mich. facility Jun 26, 2014

    Chrysler Group LLC is spending $63 million to install a 180-inch press line in its Warren, Mich., stamping plant.

  • MSCI move to copper, brass logical: Weidner Jun 25, 2014

    The Metals Service Center Institute’s (MSCI’s) copper and brass segment might only be two years old, but the move to start it was a natural one, according to the association’s top executive.

  • Reliance, Chapel appeal MM Steel antitrust case Jun 25, 2014

    Reliance Steel & Aluminum Co. and Chapel Steel Corp. have filed an appeal in an antitrust case that saw several steelmakers and service centers hit with $156 million in damages, according to documents filed in federal District Court in Texas.

  • Steel seen inefficient user of IT tools Jun 24, 2014

    Large integrated steelmakers have underinvested in information technology (IT) and software for years, with several corporate IT budgets at “barely maintenance” levels, according to one software consultant.

  • Southland ups freight as trucking costs soar Jun 24, 2014

    Southland Tube Inc. is increasing freight prices by 10 percent effective July 14 due to rising transportation costs, the company said in a letter to customers.

  • Equipment dispute at former R.G. Steel mill in Ohio settled Jun 24, 2014

    The owners of the former R.G. Steel LLC mill in Warren, Ohio, and an industrial gas supplier appear to have settled their differences related to ownership of equipment on the site of the facility.

  • Construction starts run out of steam in May Jun 23, 2014

    A loss of momentum in residential and nonresidential building lowered construction starts in May, but this doesn’t necessarily signal a reversal from earlier gains.

  • Red metals centers seen ripe for consolidation Jun 23, 2014

    The dynamics of supply and demand have made the copper and brass service center space ripe for consolidation, executives from Reliance Steel & Aluminum Co. and ThyssenKrupp Materials NA Inc. said.

  • Pacific Steel takes $11.3M 'stalking horse' bid Jun 23, 2014

    Pacific Steel Casting Co. has agreed to accept an $11.3-million offer from equity fund Speyside Fund LLC, but the sales price for the company could go higher if other bidders step up to the plate.

  • Aircraft retirements seen boon for scrap Jun 23, 2014

    The aviation industry is facing a "tsunami" of aircraft retirements in the coming years, sending a wave of material into the aerospace scrap recycling stream, according to industry executives.

  • Smeal acquires stainless tanker maker Jun 23, 2014

    Smeal Fire Apparatus Co. will acquire U.S. Tanker Fire Apparatus LLC effective July 1, expanding the manufacturer’s offerings to include stainless steel custom and commercial tankers. The terms of the deal were not disclosed.

  • 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.

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