Supply Chain

  • Greenbrier snubs second Icahn bid Dec 21, 2012

    Greenbrier Cos. has turned down a second, sweetened takeover deal from billionaire investor Carl Icahn, with the two sides continuing to trade barbs amid apparent skepticism on Wall Street that a deal, which could create North America’s largest rail car builder, will succeed.

  • CarTech hiking Micro-Melt prices Dec 21, 2012

    Carpenter Powder Products, a subsidiary of Carpenter Technology Corp., will raise prices on all bar, plate and finished Micro-Melt powdered metal tool steel products by 7 percent.

  • MesoCoat’s parent Abakan adds three to advistory board Dec 21, 2012

    Abakan Inc. has added three members to its advisory board as it looks to expand and bolster relationships with its clients.

  • Ametek expands clad metal services Dec 21, 2012

    Ametek Specialty Metals Products (Ametek SMP) has upgraded the rolling capabilities at its Eighty Four plant near Pittsburgh.

  • Alcoa, Siemens Energy sign supply pact Dec 21, 2012

    Alcoa Power and Propulsion, a division of Alcoa Inc., has signed an agreement with Siemens Energy Inc. to supply blades and vanes for a range of industrial gas turbines.

  • CB&I shareholders give OK to purchase of Shaw Group Dec 21, 2012

    Chicago Bridge & Iron Co. NV (CB&I) shareholders have approved the company’s proposed acquisition of Baton Rouge, La.-based Shaw Group Inc.

  • Lead-acid battery share in grid storage mart to shrink Dec 20, 2012

    Lead-acid batteries will account for just 30 percent of the grid storage market by 2018, with the commercialization of new technologies, such as sodium-sulfur batteries, set to make further inroads, according to a new study.

  • GM to rebuy 200M shares from Treasury by year-end Dec 20, 2012

    General Motors Co. will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share, it said Wednesday, noting that the transaction will close by year-end.

  • MesoCoat eyes Jan. start of Ohio plant Dec 20, 2012

    MesoCoat Inc. expects its pipe-coating facility in Euclid, Ohio, to be operational in January.

  • GM moves Camaro assembly to Michigan Dec 20, 2012

    The next-generation Chevrolet Camaro will be assembled at the Lansing Grand River assembly plant in Lansing, Mich., General Motors Co. said Wednesday, citing lower capital investment and improved production efficiencies as key factors in its decision.

  • Metalformers’ forecasts improve in Dec. Dec 20, 2012

    Metal stampers, fabricators and roll formers have backed away slightly from a negative assessment of future economic activity.

  • McNichols grows service center Dec 19, 2012

    McNichols Co. has expanded its Kennesaw, Ga., service center as customers seek a broader range of products and product specialists.

  • St. Lawrence Seaway closures to start Dec. 24 Dec 19, 2012

    St. Lawrence Seaway Management Corp. will begin closing the seaway to navigation in stages for the winter season.

  • Greenbrier rejects $543M bid from Icahn Dec 19, 2012

    Greenbrier Cos. has rejected as "inadequate" a $543-million takeover bid by Carl Icahn-held American Railcar Industries Inc. (ARII), although Greenbrier indicated it would consider turning the tables on ARII and making its own acquisition of the rail car builder.

  • Freight hedging to gain speed: execs Dec 19, 2012

    Steel, scrap and raw materials derivatives are gradually gaining acceptance in a metals industry struggling with unprecedented volatility, and a more widespread use of freight derivatives may be just around the corner, according to executives at a number of the world’s largest brokerage and shipping firms.

  • Houston steel imports dip into year-end Dec 19, 2012

    The Port of Houston Authority expects to set a four-year record for steel volumes in 2012 due to rising pipe and tube imports for the region’s growing oil and gas sector, according to one of its top executives.

  • Canada’s Supreme Group to buy Pro-V Dec 19, 2012

    Supreme Group, Canada’s largest private steel fabricator and construction business, plans to acquire Pro-V Manufacturing Inc. to bolster its ability to supply the industrial sector in Alberta.

  • Union Pacific Railroad files lawsuit against AFCO Steel Dec 19, 2012

    Union Pacific Railroad Co. has brought a $118,000 lawsuit against AFCO Steel LLC for allegedly failing to pay extra charges it accrued while holding onto Union Pacific’s delivery rail cars for longer than the parties had agreed.

  • Carriers, Coast Guard ready for ice-breaking operations Dec 19, 2012

    The U.S. Coast Guard ice-breaking vessel Thunder Bay arrived Friday in Cleveland ahead of the winter season on the Great Lakes to assist other Coast Guard ice-breakers during Operations Coal Shovel and Taconite, the largest ice-breaking operations in the country, according to the Coast Guard.

  • Commerce issues final ruling on Chinese, Vietnamese wind towers Dec 19, 2012

    Commerce has issued an affirmative final anti-dumping duty determination on imports of utility-scale wind towers from China and Vietnam and an affirmative final countervailing duty determination on imports from China.

  • Metal producers’ capacity utilization rate up 2.6 points Dec 19, 2012

    Capacity utilization rates at primary metals producers rose last month, as did the industry’s index for industrial production.

  • Investor Icahn seeks Greenbrier takeover Dec 18, 2012

    Billionaire investor Carl Icahn’s proposal to gain control of Greenbrier Cos. could lead to the merger of two of the largest U.S. rail car manufacturers.

  • Miss. River work welcomed, but is it enough? Dec 18, 2012

    Contractors hired by the U.S. Army Corps of Engineers have begun blasting away at exposed rock formations in the Mississippi River at Thebes, Ill., in order to permanently improve the navigable channel there for barge traffic.

  • Steel volumes dip but see uptick in Dec. Dec 18, 2012

    U.S. distributors’ steel shipments fell 3.5 percent on a per-day basis in November compared with a month earlier, but market players say some of that weakness has abated in December as buyers who reduced inventory too sharply ahead of the holidays were forced to re-enter the market for tons.

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