September 29, 2016 - In testimony before the U.S. International Trade Commission today, Metals Service Center Institute Board of Directors Vice Chair and President and Chief Operating Officer of O’Neal Industries R. Holman Head called for tougher government action to halt unfair and illegal trade practices, particularly by China, that have harmed the U.S. aluminum industry. Head urged “decisive action, and continued vigilant monitoring” in a program to address dumping, predatory pricing and currency manipulation.
September 29, 2016 - BLM GROUP USA recently sold a BC80 CNC end-machining center and a CM602 automatic CNC sawing machine to Tube Fabrication Industries, Logansport, Ind. The sale was announced at IMTS 2016 by Dr. Jeffrey Ahrstrom, president and COO of BLM GROUP USA.
September 23, 2016 - U.S. steelmakers allege that Chinese steel companies are purposely avoiding import tariffs by routing steel shipments through Vietnam in new petitions filed with the Commerce Department.
September 23, 2016 - The Reshoring Initiative is announcing the availability of a new infographic, “New Dawn for Manufacturing Careers in America”, to support the goals of Manufacturing Day 2016. Manufacturing Day, October 7, 2016, “is a celebration of modern manufacturing meant to inspire the next generation of manufacturers.”
September 21, 2016 - Andes Coil Processors LLC announced its Gary, Ind., toll processing facility now is able to accept railcars via Canadian National Railway Co. to and from the Andes facility in the Great Lakes Industrial Complex. The routing location within the Canadian National system is the Burns Harbor, Ind., station. The added rail service bolsters the existing rail service via Norfolk Southern Railroad.
September 20, 2016 - Today, the Rebar Trade Action Coalition, a coalition of steel concrete reinforcing bar producers in the United States, filed petitions asking the U.S. Department of Commerce and the International Trade Commission to conduct antidumping investigations into Japanese, Taiwanese, and Turkish imports of rebar, and a countervailing duty investigation into Turkish imports of rebar. The petitions demonstrate that Japanese, Taiwanese, and Turkish rebar producers are dumping their product into the United States at margins ranging from 86.12 percent to 206.17 percent.
September 20, 2016 - Nucor Corp. announced that it is adding an additional cold mill at its Nucor Steel Arkansas division. The specialty cold mill complex will expand Nucor's capability to produce advanced high-strength, high-strength low-alloy, and motor lamination steel products. The mill will cost an estimated $230 million to build and is expected to be operational in approximately two years.
September 19, 2016 - The announcement marks the second such attainment by IBC of approved forging supplier status with a world-class shipbuilder in as many weeks. On September 13, IBC announced that it received “Approved Forging Supplier” status with General Dynamics’ Electric Boat Division.
September 19, 2016 - Nucor Corp. announced today that it has agreed to acquire Independence Tube Corporation, a leading independent manufacturer of hollow structural section (HSS) steel tubing, for $435 million, or approximately 6x average EBITDA over the 2013-2015 period.
September 19, 2016 - Slice of Stainless broke ground Sept. 6 on an expansion project that will nearly double the size of their Cincinnati headquarters to 55,000 square feet. The finished facility will cover almost six acres and include increased warehouse capacity, additional shearing equipment and improved material handling systems.
September 15, 2016 -The American Iron and Steel Institute today applauded the U.S. Senate’s passage, by a vote of 95-3, of the Water Resources Development Act, which will authorize more than $10 million worth of projects to improve navigation, replace and restore aging locks and dams, and provide aid to Flint, Mich. and other communities in need of replacing pipes, sewers and other drinking water infrastructure.
September 15, 2016 - The Aluminum Extruders Council joins CTTF in calling for action against China's market manipulations.
September 14, 2016 - WARDJet Inc. will be hosting the first ever Build It! Challenge at this year’s IMTS with Hypertherm. The event will be held at McCormick Place in downtown Chicago Sept. 12 – 17 as part of the SmartForce Student Summit.
September 14, 2016 - Metaldyne Performance Group Inc., a Southfield, Michigan-based provider of components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets, plans to close Brillion Iron Works, Brillion, Wisconsin, about 10 days after it acquired the castings producer from Accuride Corp.
September 14, 2016 - Nucor Corp. expects its third-quarter earnings per share to range from 85 to 90 cents, up from 73 cents in the second quarter and 71 cents a year earlier.