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Service Centers
The latest news on companies processing and distributing steel products.
Latest News
Olympic Steel Announces Management Promotions
02 January 2013 - Olympic Steel, Inc., a national metals service center, announced several executive and operating management changes to support the company's strategic growth initiatives in 2013 and beyond.
McNeilus Steel Orders Fourth Red Bud Stretcher Leveling Line
31 December 2012 - McNeilus Steel recently ordered a .500” (12.7 mm) cut-to-length Line with a stretcher leveler with SUREGRIP® technology from Red Bud Industries for its Fond Du Lac, Wis., facility.
Olympic Steel Named 2012 Pillar Award Recipient for Community Service
27 December 2012 - Olympic Steel, Inc., a national metals service center, announced it received a Medical Mutual 2012 Pillar Award for Community Service. The company was named one of 10 honorees.
Klockner & Co. Sells Eastern European Operations as Part of Its Restructuring Program
21 December 2012 - As announced, Klöckner & Co is selling its entire Eastern European operations as part of its restructuring program. Activities in the Czech Republic, Bulgaria and Romania were sold in phase one. The sale of the remaining activities in Poland and Lithuania is expected to be completed in the first quarter of 2013.
North American Service Center Shipments Down Year-on-Year in November
18 December 2012 - The slowdown in shipments from 2011 levels that has characterized the second half of 2012, resumed in November after a brief pick-up in October. Inventory to sales ratios deteriorated slightly across the board, the Metals Service Center Institute reports.
3tn Providing Efficient Material Handling and Better Overview in Steel Service Centers
13 December 2012 - The technical warehouse management system TWMS/metals controls and visualizes transport and storage activities in the metals industry from continuous casting through to the shipment of the finished products. It optimizes the use of storage capacities across various warehouses or even plant-wide, ensuring that the means of transport, such as cranes or cross transfer systems, are efficiently used.
Uncertainty Reigns but Hope Remains in North American Steel Markets
06 December 2012 - Uncertainty, a slow recovery, and hope from the energy and automotive markets were the unofficial themes of CRU’s 6th North American Steel Conference held in Chicago, Ill., on 29–30 October 2012.
Penn Stainless Products Installs New Koike Aronson Plasma Cutting System
05 December 2012 - Service center Penn Stainless Products in Quakerstown, Pa., has recently installed two new Koike Aronson Versagraph Millennium Series Plasma Cutting Systems (Model 3100).
Shale-Inland Names Rick Lundgren as CEO
05 December 2012 - Shale-Inland Holdings, a specialty industrial distributor of pipe, valves, fittings and related products and provider of technical solutions to the energy and industrial sectors, announced the appointment of Richard Lundgren to the position of CEO.
MRC Global to Acquire Production Specialty Services
04 December 2012 - MRC Global Inc. announced that the company’s U.S. operating subsidiary, McJunkin Red Man Corporation, has signed an agreement to acquire the operating assets of Production Specialty Services, Inc.
Metal One Takes Equity Stake in Northern Vietnam Steel Venture
30 November 2012 - Japan's Metal One Corporation has taken a 20% equity stake in the Kyoei Steel Singapore Corp., a holding company and the sole shareholder of Kyoei Steel Vietnam Co., Kyoei Steel's venture in the north of Vietnam.
Metal One Takes Equity Stake in Northern Vietnam Steel Venture
30 November 2012 - Japan's Metal One Corporation has taken a 20% equity stake in the Kyoei Steel Singapore Corp., a holding company and the sole shareholder of Kyoei Steel Vietnam Co., Kyoei Steel's venture in the north of Vietnam.
Edgen Murray Expands Service Offerings with Acquisition
28 November 2012 - Edgen Group Inc. through its subsidiary, Edgen Murray Europe Limited, a leading global supplier of specialty steel products and logistics solutions for the energy and infrastructure markets, has acquired the profiling business of Eterniti Steels Limited in order to enhance its complete package offerings to customers in the U.K. and throughout Europe.
MSCI Urges Strong Leadership, Bi-Partisan Cooperation in U.S. Government
23 November 2012 - As Congress returns to work, Metals Service Center Institute (MSCI) expressed the need for Congress and the Obama administration to refocus their energy and efforts on issues critical to manufacturing and the metals industry.
Heidtman Steel Products Says Chinese Firm Owes It $7 million
21 November 2012 - A Toledo com­pany that has sup­plied steel for the Detroit Three auto­makers and raw ma­teri­als to steel mills says it was duped eight years ago by a Chi­nese busi­ness that claimed to have a great sup­ply of cok­ing coal for sale, the Toledo Blade reports.
North American Service Centers See Pick Up in October
15 November 2012 - The slowdown in shipments from U.S. and Canadian service centers from 2011 levels which began in August, eased significantly in October, the Metals Service Center Institute reports.
MidWest Materials Completes Multi-Million Dollar Upgrade; Celebrates 60th Anniversary
09 November 2012 - MidWest Materials announced the completion of a multi-million dollar technology, equipment and facility investment project that will enable the company to remain competitive worldwide and to retain and create more jobs in Northeast Ohio.
Klöckner Reports Continuing Struggles in Europe But Growth in U.S. Operations
07 November 2012 - Klöckner & Co. reported a net loss in the third quarter of the year, announcing further restructuring plans in light of the ongoing decline in European steel demand and the uncertain outlook. In contract to its struggles in Europe, the company made further gains in the U.S. market where it says there is still dynamic growth, among other things thanks to the completed integration of Macsteel Service Centers USA.
Tata Steel Expands Aerospace Activities in China
07 November 2012 - Tata Steel has expanded its aerospace operations in China by opening its second aerospace service center in the country; the new facility in Xi’an complements its existing operation in Suzhou, opened in 2009, and aims to serve the growing demand for aerospace materials in the region.
Worthington Industries Divests Air Brake Tank Business in Czech Republic
05 November 2012 - Worthington Industries, Inc. announced that its Pressure Cylinders segment has completed the sale of its European air brake tank business to Frauenthal Automotive.
