Supply Chain

  • Precision Castparts sees 2d-half aerospace pickup May 10, 2010

    Precision Castparts Corp. (PCC) is looking for strong aerospace-related growth to kick in during the second half of its current fiscal year despite a 7.3-percent decline in net income for the fourth quarter of its prior fiscal year and some continuing “challenges” such as higher metal costs.

  • No restocking in auto, aero markets despite low levels May 07, 2010

    Restocking hasn’t yet started in the automotive and aerospace industries even though inventory levels are extremely low, delegates at the Institute of Scrap Recycling Industries (ISRI) convention in San Diego heard.

  • April automotive sales shift into reverse May 04, 2010

    Automotive sales for the top seven U.S. brands were disappointing in April as volumes reversed course to reach 826,170 units, according to an AMM analysis.

  • Distributor JD Fields to combine three facilities at new 40-acre site May 03, 2010

    Steel piling and carbon steel pipe distributor JD Fields & Co. Inc. has spent $4 million to buy a 40-acre site at which it will combine three operations into one.

  • Distributor A.M. Castle sees 2d-half return to profit Apr 27, 2010

    A.M. Castle & Co.’s top executive expects the company to return to profitability in the second half of 2010, with metals prices forecast to continue rising at least through the first half of the year.

  • A.M. Castle dives $4.6M into red in first quarter as sales slip Apr 27, 2010

    A.M. Castle & Co. fell into the red in the first quarter, posting a net loss of more than $4.6 million in contrast to net income of $480,000 in the same period last year on sales that declined 11.6 percent to $223 million from $252.2 million.

  • Whirlpool raises ‘10 outlook as earnings, sales rise in qtr. Apr 26, 2010

    Whirlpool Corp.’s first-quarter net income more than doubled to $164 million on sales that rose 19.7 percent to $4.27 billion, leading the company to increase its full-year earnings outlook.

  • Louisiana’s Tallulah steel port closed after tornado Apr 26, 2010

    A southern steel port suffered extensive damage in severe spring weather, including several tornadoes, that pounded the region during the weekend, although the steel industry largely was spared.

  • JCI pushes ahead with U.S. lead recycling plant Apr 23, 2010

    Johnson Controls Inc. (JCI) has received the final permitting for a new battery recycling center slated for Florence, S.C., as it looks to boost its lead recycling capacity.

  • BHP Billiton admits it may have broken anti-corruption laws Apr 22, 2010

    BHP Billiton may have violated anti-corruption laws on some of its mineral exploration projects.

  • Hope builds as Boeing 787 Dreamliner passes milestone Apr 22, 2010

    Hopes that the Boeing 787 Dreamliner will meet its delivery target increased this week after Boeing Co.’s top executive said the test flight program hasn’t met any significant hitches.

  • Manufacturers see gov’t war on free enterprise Apr 20, 2010

    The government has been conducting “a war on free enterprise,” according to Bill Jones, vice chairman of O’Neal Industries Inc. and chairman of the Metals Service Center Institute (MSCI).

  • Paragon Steel boosts sales team Apr 19, 2010

    Paragon Steel is beefing up its sales team.

  • Ryerson files to raise $372M in IPO Apr 19, 2010

    Ryerson Holding Corp. is looking to raise $372 million in an initial public offering, according to a company filing with the U.S. Securities and Exchange Commission.

  • Ladish beats consensus, quadruples earnings in 1st-qtr. Apr 19, 2010

    Even as it awaits a turnaround in its historically strongest market—jet engines—Ladish Co.’s first-quarter net income more than quadrupled, helped by general aerospace, the industrial capital equipment market and higher scrap prices.

  • Metalformers expect activity growth despite mid-April lull Apr 16, 2010

    General economic activity will remain steady or grow during the next three months, according to members of the Precision Metalforming Association (PMA), but some companies have seen in mid-April what they hope is a brief lull.

  • AMM AEROSPACE MATERIALS CONFERENCE: Availability worries in titanium market Apr 14, 2010

    At least part of the titanium market is already concerned about availability, despite a leading analyst’s assurance at AMM’s 4th Annual Aerospace Materials Conference that a sharp rise in titanium demand over the next five years is unlikely to bring a serious shortfall.

  • Keep locks open, Illinois congresswoman says Apr 14, 2010

    A congresswoman is calling for Illinois locks connected to the Great Lakes to remain open despite the threat from Asian carp.

  • Shipping on Great Lakes rises in March Apr 13, 2010

    Volumes from U.S. flag cargoes carried on the Great Lakes quadrupled in March thanks to improved demand, coupled with better ice breaking resources.

  • S&P upgrades outlook on Worthington Apr 13, 2010

    Worthington Industries Inc., which completed its senior note offering Tuesday, raising $150 million, has received an upgrade from Standard & Poor’s Ratings Service.

  • Ten largest automakers on growth path Apr 12, 2010

    Given the high barriers to entry, the 10 largest global automakers—currently accounting for more than 77 percent of worldwide production—are likely to hold on to their market share and even grow their shares during the next decade, according to a new report by Zacks Equity Research.

  • Worthington plans $150M senior notes offering Apr 08, 2010

    Distributor, processor and metal framing manufacturer Worthington Industries Inc. intends to offer $150 million in senior notes due 2020, with the proceeds to be used to repay a portion of outstanding borrowings under its revolving credit facility.

  • Greenbrier restarting railcar production Apr 07, 2010

    Greenbrier Cos. is bringing some mothballed North American capacity back online in an apparent sign of an improving railcar manufacturing outlook.

  • Boeing Charleston facility moves step closer to takeoff Apr 07, 2010

    Boeing Co.’s second final assembly facility for its new 787 Dreamliner is “taking shape” in North Charleston, S.C., as it moves toward startup next year, the company said.

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