Supply Chain

Efficiency gains expected to slow growth in energy usage

Fri, 17 May 2013 22:21:00 GMT

Drivers for energy demand include population growth and economic activity. While the world population will grow to 9 billion by 2040 from 7 billion, economies around the world are becoming more efficient with their energy consumption, and at an accelerated pace.

House committee advances bill to expedite Keystone XL

Fri, 17 May 2013 22:17:00 GMT

The House Transportation and Infrastructure Committee has approved legislation that would expedite the permitting of TransCanada Corp.’s proposed Keystone XL pipeline.

Analysis ‘exonerates’ Dyson: executive

Fri, 17 May 2013 21:43:00 GMT

Dyson Corp. has said that an analysis of steel anchor rods it made for the San Francisco-Oakland Bay Bridge "exonerates" the company on the failure of several of the rods.

SoRec joins bid to revise PCB disposal permit

Fri, 17 May 2013 21:12:00 GMT

Southern Recycling LLC has joined several environmental groups in their efforts to revise a general permit that regulates the sinking of U.S. Navy vessels.

TGP, Mitsubishi ink nat gas deal

Fri, 17 May 2013 20:39:00 GMT

Tennessee Gas Pipeline Co. LLC (TGP) has signed a 20-year transportation agreement with Japan’s Mitsubishi Corp. to ship 600,000 dekatherms per day of natural gas to the proposed Cameron liquefied natural gas (LNG) liquefaction facility in Louisiana.

Shale boom a bonanza for steel: exec

Fri, 17 May 2013 20:30:00 GMT

The boom in shale oil and gas, and tar sands oil output is good news for America, as well as the U.S. energy and metals sectors, a Marathon Petroleum Corp. executive said May 16.

EU economic recovery may take 5 years: Klöckner’s Rühl

Fri, 17 May 2013 17:54:00 GMT

The European Union is going to have a very difficult time recovering from its sovereign debt crisis, banking crisis, structural crisis and competitive crisis, according to Gisbert Rühl, chairman and chief executive officer of Duisburg, Germany-based Klöckner & Co. SE.

Future bright despite challenges: steel execs

Thu, 16 May 2013 23:18:00 GMT

Enforcing U.S. trade policy and capitalizing on low-priced natural gas will help U.S. steelmakers while offering broad economic benefits, including job creation and manufacturing growth, a number of steel executives said at an industry conference May 16.

Aluminum distributors divided over MSCI data

Thu, 16 May 2013 22:56:00 GMT

Service center sources are divided over whether recent data that showed declines in U.S. aluminum shipments and inventories last month indicate tough times ahead.

Senate passes water infrastructure bill

Thu, 16 May 2013 22:54:00 GMT

A waterways infrastructure bill easily passed the Senate May 15, a development that steel interests say will benefit shipping by improving navigation.

Judge nixes extension in MM Steel suit

Thu, 16 May 2013 22:31:00 GMT

A federal judge has denied a six-month extension to a group of large steel mills and distributors named in a lawsuit brought by MM Steel LP alleging they conspired to drive MM Steel out of the market.

Outlook for US is weak, but still better than elsewhere

Thu, 16 May 2013 22:06:00 GMT

While the United States remains one of the strongest economies globally, lackluster growth and a large fiscal deficit may cause serious downward pressure in the near term, according to one economist.

Pipe distributors hope for flat-rolled cutback

Thu, 16 May 2013 21:19:00 GMT

Pipe and tube distributors say they would welcome a move by flat-rolled steelmakers to take capacity offline in order to prop up pricing for the substrate.

Mestek chairman, chief exec John Reed dies aged 97

Thu, 16 May 2013 17:15:00 GMT

John E. Reed, chairman and chief executive officer of Mestek Inc., died May 9. He was 97.

Kobe Aluminum expansion will increase auto offerings

Thu, 16 May 2013 15:01:00 GMT

Kobe Aluminum Automotive Products LLC (KAAP) has broken ground on a $66-million expansion at its Bowling Green, Ky., facility as the company looks to boost its offerings to the automotive sector.

Phillips Service Industries' founder, chairman dies at 79

Thu, 16 May 2013 14:45:00 GMT

William T. Phillips, founder and chairman of Phillips Service Industries Inc., has died at age 79 following a battle with amyotrophic lateral sclerosis, commonly known as Lou Gehrig’s disease.

US distributors' aluminum shipments slip: MSCI

Wed, 15 May 2013 21:43:00 GMT

U.S. service centers saw both aluminum shipments and inventories decline in April from the same month a year ago, while Canadian distributors watched both rise in the same comparison, Metals Service Center Institute (MSCI) data show.

Nucor opposes NC bill blocking LEED

Wed, 15 May 2013 21:25:00 GMT

The North Carolina House of Representatives has passed a bill that would effectively block the use of Leadership in Energy and Environmental Design (LEED) ratings for public projects, a move that Nucor Corp. protested because it could hurt steel mills in the region that sell construction-related products.

Aero supplier TransDigm in $286M deal to buy Arkwin

Wed, 15 May 2013 19:41:00 GMT

TransDigm Group Inc. has entered a deal to buy aerospace component manufacturer Arkwin Industries Inc. for about $286 million in cash, marking its second announced acquisition, the company said May 15.

Kinder Morgan to invest $106M in Texas

Wed, 15 May 2013 16:30:00 GMT

Kinder Morgan Energy Partners LP is planning to invest $106 million in Texas.

Greenbrier retiring $52.9M in debt in ‘strategic’ move

Wed, 15 May 2013 15:31:00 GMT

Greenbrier Cos. is retiring $52.9 million of its outstanding convertible debt.

Mexican construction activity shrinks in 1st qtr.

Wed, 15 May 2013 13:36:00 GMT

Mexico’s construction sector contracted 2.3 percent year on year in the first quarter due to a squeeze on cash flows and delays to public works spending as a new government took power.

Nissan, Car Charging Group to build EV charging stations

Tue, 14 May 2013 19:43:00 GMT

Nissan North America Inc. and Car Charging Group Inc., which provides electric vehicle (EV) charging services, launched a joint initiative to expand the nationwide network of EV charging stations.

Bri-Chem's N. America drilling outlook clouded

Tue, 14 May 2013 19:31:00 GMT

Bri-Chem Corp. says it is hard to predict how the rest of the year will shape up for the North American drilling market, although it does expect a second-quarter decline in Canadian activity due to the snow melt.

Edgen logs net loss, withdraws guidance

Tue, 14 May 2013 18:50:00 GMT

Edgen Group Inc. has withdrawn its previously issued guidance for 2013 as it posted a first-quarter net loss of nearly $5.39 million on sales that fell 19.7 percent to $406.1 million.

Ford targets alternative-fuel technology

Tue, 14 May 2013 15:18:00 GMT

Ford Motor Co. sees promise in new battery technologies and the use of liquid and compressed natural gases as fuel, even though there are obstacles to the widespread adoption of such alternatives.

Environmental rules to spark oil, gas consolidation: report

Tue, 14 May 2013 15:13:00 GMT

The oil and gas industry will likely consolidate as tougher environmental regulations take hold, according to an industry survey conducted by oil and gas technical services provider GL Noble Denton.

Shale output spurs demand for tank cars

Mon, 13 May 2013 22:03:00 GMT

Shale plays are making the West a "very hot market" for both the railroads and the tank cars that transport output from energy-rich regions, one railroad executive said.

Cambelle-Inland to advise China Gerui

Mon, 13 May 2013 21:54:00 GMT

China Gerui Advanced Materials Group Ltd. has retained Craig T. Bouchard’s Cambelle-Inland as an adviser for its strategic planning and expansion in North America and "around the world," the company said May 13.

Pro-Tec commissions annealing line

Mon, 13 May 2013 21:33:00 GMT

U.S. Steel Corp. and Kobe Steel Ltd. commissioned the new continuous annealing line at their Pro-Tec Coating Co. joint venture in Leipsic, Ohio, on May 13.

Timken buys Canadian gear manufacturer

Mon, 13 May 2013 20:09:00 GMT

Timken Co. has expanded its industrial services capabilities with the purchase of Canadian gear manufacturer Standard Machine.

MoveTran widens steel services

Mon, 13 May 2013 19:22:00 GMT

Logistics services provider MoveTran LLC now offers "pick-and-pack" services for steel products throughout the Northeast and Mid-Atlantic regions.

Universal Stainless' Pa. plant Nadcap certified

Mon, 13 May 2013 18:45:00 GMT

Universal Stainless & Alloy Products Inc.’s Bridgeville, Pa., facility has achieved National Aerospace and Defense Contractors Accreditation Program (Nadcap) heat-treat accreditation.

Ohio Star Forge to break ground on expansion

Mon, 13 May 2013 17:42:00 GMT

Ohio Star Forge Co. will break ground May 14 on a $20-million expansion project in Champion Township, Ohio.

Los Angeles-area port costs climbing

Mon, 13 May 2013 17:03:00 GMT

Los Angeles-area ports, which already have the reputation of being among the most expensive U.S. arrival points for imported steel, are due to get a lot more costly, according to local shipping industry executives.

Nissan logs $4.1-billion profit for fiscal year

Fri, 10 May 2013 22:21:00 GMT

Nissan Motor Co. Ltd. recorded a profit of 342 million yen ($4.1 billion) on revenues of 9.63 trillion yen ($116.2 billion) for its fiscal year ended March 31.

ITA issues preliminary results vs. China valve imports

Fri, 10 May 2013 21:10:00 GMT

The Commerce Department’s International Trade Administration (ITA) has issued its preliminary results in the anti-dumping duty administrative review on front-seating service valves from China for the April 1, 2011, to March 31, 2012, period.

Cadillac lightweights luxury cars with aluminum, AHSS parts

Fri, 10 May 2013 20:50:00 GMT

Greater use of aluminum is helping Cadillac reduce overall weight of its ATS and CTS sedans, the luxury automaker said.

Congress mulls pipeline approval bill

Fri, 10 May 2013 20:50:00 GMT

A bill aimed at expediting the approval process of natural gas pipelines has been introduced in Congress by Rep. Mike Pompeo (R., Kan.).

Tenaris debuts two new premium connections

Fri, 10 May 2013 20:21:00 GMT

Tenaris SA launched two new premium connections for deepwater drilling during the Offshore Technology Conference in Houston.

China faces challenges in developing shale gas sites

Fri, 10 May 2013 19:45:00 GMT

China faces significant challenges in developing its shale gas reserves, according to Yan Cunzhang, president of the foreign cooperation administration department at PetroChina Co. Ltd.

Denso starts up Iowa plant to serve agriculture, construction

Fri, 10 May 2013 16:49:00 GMT

Automotive supplier Denso Corp. has opened a thermal assembly plant and warehouse facility in Urbandale, Iowa, to supply the construction, agriculture and electric power industries.

Petrobras to double oil, gas production by 2020: Foster

Fri, 10 May 2013 14:26:00 GMT

Petróleo Brasileiro SA (Petrobras) plans to double its oil and gas output by 2020 and become a significant exporter of oil, its top executive said.

Timet boosts PCC but press woes persist

Thu, 09 May 2013 23:13:00 GMT

Precision Castparts Corp. (PCC) saw a 23.2-percent jump in net income in its fiscal fourth-quarter 2013 thanks to the contribution of its new Titanium Metals Corp. (Timet) unit, even as PCC continues to deal with problems at a key forging press.

Freeport reiterates support for PXP buy, won’t lift offer

Thu, 09 May 2013 23:05:00 GMT

Freeport-McMoRan Copper & Gold Inc. remains committed to its proposed acquisition of Plains Exploration & Production Co.’s (PXP’s) oil and gas assets under previously agreed terms.

Canada has backup plans for XL: official

Thu, 09 May 2013 22:57:00 GMT

Canada’s Northwest Territories has alternative proposals for getting Alberta crude to world markets if TransCanada Corp.’s Keystone XL pipeline does not get approval, a top government official said at the Offshore Technology Conference (OTC) in Houston.

Alaska governor backs LNG exports; Mississippi unsure

Thu, 09 May 2013 22:17:00 GMT

Alaska supports the export of liquefied natural gas (LNG), its governor said at the recent Offshore Technology Conference in Houston.

Low steel coil prices a challenge: Hannah

Thu, 09 May 2013 21:09:00 GMT

The early months of 2013 are proving significantly more challenging for steel distributors, Reliance Steel & Aluminum Co. chairman and chief executive officer David H. Hannah said.

Inquiries on conflict minerals rise

Thu, 09 May 2013 17:43:00 GMT

Regulations on the sourcing of tantalum, tin and tungsten are creating legal headaches in the U.S. manufacturing supply chain, according to panelists at the recent MetalMiner-sponsored Conflict Minerals Edge conference in Chicago.

Import reliance said harming defense

Thu, 09 May 2013 17:39:00 GMT

Several congressmen and a retired U.S. Army brigadier general are calling on the federal government to reduce its dependence on foreign-sourced raw materials used in defense equipment.

Ducommun stock hit by earnings miss

Wed, 08 May 2013 23:21:00 GMT

Ducommun Inc.’s first-quarter results fell below Wall Street expectations despite a 55.1-percent rise in earnings, sending its stock price plummeting this week.

Construction, auto production outlook upbeat at AISTech

Wed, 08 May 2013 22:30:00 GMT

Nonresidential construction could return to pre-recession levels within the next few years, with U.S. light vehicle output hitting 17 million units annually by 2018, panelists said May 8 at the Association for Iron and Steel Technology’s AISTech 2013 conference.

Toyota sees net income more than double

Wed, 08 May 2013 21:56:00 GMT

Toyota Motor Corp.’s net income for the year ended March 31 more than doubled to 962.1 billion yen ($9.7 billion) on revenues that rose 18.7 percent to 22 trillion yen ($222.3 billion) and vehicle sales that rose 20.7 percent to 8.9 million.

Natural gas fueling US steel growth

Wed, 08 May 2013 19:28:00 GMT

Access to affordable natural gas will help ensure that U.S. steelmakers remain competitive in a global environment, with some domestic companies having already capitalized on its benefits, according to a number of industry executives.

Marmon/Keystone opens Nashville distribution hub

Wed, 08 May 2013 19:04:00 GMT

Marmon/Keystone LLC has opened a service center near Nashville, Tenn., to distribute aluminum and stainless pipe and tube, cold-drawn seamless, cold-rolled electric-weld, drawn-over-mandrel (DOM) and hot-rolled seamless steel tubing.

Mexico’s car production, exports rise in April

Wed, 08 May 2013 18:52:00 GMT

Mexico’s vehicle output increased by 15.6 percent year on year in April to 238,766 units, according to national automotive association Amia.

Subaru of Indiana to boost auto production

Wed, 08 May 2013 18:51:00 GMT

Subaru of Indiana Automotive Inc. plans to invest between $400 million and $450 million to expand its Lafayette, Ind., campus, Indiana Economic Development Corp. and the company said in a joint statement.

Construction index logs 4th consecutive increase in April

Wed, 08 May 2013 18:17:00 GMT

An improving outlook for commercial projects helped push a benchmark construction planning index up 5.2 percent month on month in April, the measure’s fourth consecutive monthly increase.

Otto Fuchs eyes aluminum drill pipe market

Wed, 08 May 2013 16:12:00 GMT

German forging, extrusion and ring rolling company Otto Fuchs KG is partnering with TPS Technitube Röhrenwerke GmbH (TPS) to enter the aluminum drill pipe market.

Employment in metals mixed in April

Wed, 08 May 2013 15:31:00 GMT

Employment in primary metals and the fabricated metals sector took different paths in April, with producers logging a dip while fabricators registered a gain.

Steel buyers right-size inventories: ISM survey

Tue, 07 May 2013 22:18:00 GMT

Steel buyers faced softened demand, excess supply, short lead times and weak pricing in April, an industry survey shows.

Heyco Metals promotes Mandle, Barry

Tue, 07 May 2013 22:03:00 GMT

Reading, Pa.-based Heyco Metals Inc. has promoted David Mandle to executive vice president and William Barry to vice president of sales and marketing.

Spirit AeroSystems reviewing major plane programs

Tue, 07 May 2013 15:07:00 GMT

Aerospace contractor Spirit AeroSystems Holdings Inc. has launched reviews of its major programs as it looks to resolve cost problems.

Superior to break ground on new aluminum wheel plant

Tue, 07 May 2013 13:31:00 GMT

Superior Industries International Inc. plans an official groundbreaking for its new aluminum wheel plant in Chihuahua, Mexico, on May 15.

Secrist to replace Calvert as president of Brown-Strauss

Tue, 07 May 2013 00:00:00 GMT

Ryan Secrist has been named president of Aurora, Colo.-based structural steel distributor Brown-Strauss Steel, succeeding Mike Calvert, who is retiring at the end of June.

Ford to add third shift at Kansas City plant

Mon, 06 May 2013 21:23:00 GMT

Ford Motor Co. plans to hire more than 2,000 workers and add a third shift at its assembly plant in Kansas City, Mo., in order to support demand for its F-150 pickup and produce a new line of commercial vehicles.

Drew Industries targets third-party buyers, eyes steel alternatives

Mon, 06 May 2013 21:13:00 GMT

Drew Industries Inc. is increasingly selling aluminum extrusions to third parties as well as looking to offer aluminum alternatives to steel parts, an executive said.

Nissan to open 3d Mexican plant by year-end

Mon, 06 May 2013 15:59:00 GMT

Nissan North America Inc. says it is making rapid progress on the construction of its third manufacturing plant in Mexico.

Mexican distributors in ‘price war’: Conadiac

Mon, 06 May 2013 15:06:00 GMT

Excess supply and low demand are the two main issues affecting the profitability of Mexican steel distributors, a key industry figure told AMM sister publication Steel First.

Shale gas driving power prices down: Alcoa

Mon, 06 May 2013 13:47:00 GMT

The shale oil and gas boom in the United States is helping to reduce electricity costs and give big power consumers, such as aluminum smelters, more clout in rate negotiations, according to Alcoa Inc. chairman and chief executive officer Klaus Kleinfeld.

GM prepares to add shifts as it ramps up truck production

Mon, 06 May 2013 13:30:00 GMT

North America continues to be a growth market for General Motors Co., chairman and chief executive officer Daniel F. Akerson said during the automaker’s first-quarter earnings conference call.

Downstream growth paying off: Olympic

Mon, 06 May 2013 00:00:00 GMT

Metals service center operator Olympic Steel Inc. continues to grow its capacity and move further into downstream processing in spite of a slow-growing economy and tepid steel demand, executives said.

Russel targets energy opportunities

Mon, 06 May 2013 00:00:00 GMT

Service center operator Russel Metals Inc.’s foray into the energy business has intensified since the Mississauga, Ontario-based company’s acquisition of Apex Distribution Inc. in November, giving its leaders a better view of what’s happening in the oil patch.

MRC Global expects pickup in 2d qtr.

Fri, 03 May 2013 22:40:00 GMT

MRC Global Inc. expects activity in the midstream market to pick up during the second quarter after the company saw a first-quarter slowdown due to colder winter weather.

Samuel closes Wilkinson Steel acquisition

Fri, 03 May 2013 22:39:00 GMT

Samuel, Son & Co. Ltd. has closed its acquisition of the assets of Wilkinson Steel and Metals Inc.

Superior profits decline on increased costs in first qtr.

Fri, 03 May 2013 22:25:00 GMT

Superior Industries International Inc.’s profits dipped in the first quarter of 2013 compared with the year-ago period as labor and supply costs affected results.

Olympic Steel profit falls on lower shipments, steel prices

Fri, 03 May 2013 21:15:00 GMT

Metals service center operator Olympic Steel Inc. posted net income of $5.16 million in the first quarter, down 17.1 percent from $6.23 million in the same period last year on revenue that slid 11.5 percent to $338.06 million from record sales of $382.05 million in the first three months of 2012.

A.M. Castle sheds inventory, trims work force

Fri, 03 May 2013 20:42:00 GMT

A.M. Castle & Co. has been trimming inventory, closing branches and implementing layoffs as part of a widespread cost-cutting effort that executives first outlined in January (amm.com, Jan. 17).

Tenaris plans Texas sucker rod mill

Fri, 03 May 2013 20:28:00 GMT

Tenaris SA plans to build a $70-million sucker rod mill with a production capacity of 1.8 million units near the company’s welded operations in Conroe, Texas.

Russel Metals’ profits shrink on lower volumes, pricing

Fri, 03 May 2013 18:42:00 GMT

Service center operator and energy products distributor Russel Metals Inc. recorded a narrower profit in the first quarter despite a boost in sales as the company saw decreased demand in some sectors as well as lower selling prices.

Drew posts smaller profits despite growth in RV sales

Fri, 03 May 2013 17:55:00 GMT

Drew Industries Inc.’s profits narrowed in the first quarter as production issues, higher material costs and expansions and reorganizations bit into the bottom line.

Boeing extends Ducommun pact

Fri, 03 May 2013 17:39:00 GMT

Ducommun Inc. has received a contract extension from Boeing Co. to provide spoilers for the Boeing next-generation 737 single-aisle airliner.

Letter to the Editor: Reliance’s Hannah clarifies position on CRU coil index

Fri, 03 May 2013 17:26:00 GMT

I would like to clarify certain comments that I made on our first-quarter conference call April 25 which were then reported in AMM regarding the CRU Steel Index (amm.com, April 25).

MRC’s earnings jump as sales fall in first qtr.

Fri, 03 May 2013 16:07:00 GMT

MRC Global Inc. posted net income of $46.18 million during the first quarter, 23 percent higher than $37.53 million in the same period last year despite a 5.6-percent decline in sales to $1.31 billion.

Fabricator Impulse to expand on Caterpillar contract win

Fri, 03 May 2013 00:48:00 GMT

Georgia steel fabricator Impulse Manufacturing Inc. is expanding after winning a contract to supply Caterpillar Inc.’s new plant in Athens, Ga., a company spokesman told AMM.

TransCanada greenlights oil pipeline project

Fri, 03 May 2013 00:43:00 GMT

TransCanada Corp. has received enough shipper interest to build its proposed 125-mile Heartland pipeline and a terminal facility in Alberta, the Canadian comany said.

Trucks continue to drive US auto sales

Thu, 02 May 2013 21:35:00 GMT

The top-selling automakers in the United States sold 1.11 million vehicles in April, up 9.5 percent from the same month last year but down 11 percent from sales of more than 1.25 million vehicles in March, the strongest month so far in 2013.

Kinder Morgan to expand pipeline

Thu, 02 May 2013 21:18:00 GMT

Kinder Morgan Energy Partners LP has signed a long-term agreement that will support the company’s planned expansion of its Sweeny Lateral pipeline.

Merger creates new global casting, machining supplier

Thu, 02 May 2013 19:35:00 GMT

Two automotive suppliers of precision chassis castings and machining parts, Diversified Machine Inc. and SMW Automotive LLC, have merged to form a $1.2-billion company named Chassix Inc.

Material evaluation software to help with vehicle design

Thu, 02 May 2013 18:40:00 GMT

New software to help vehicle designers quickly and accurately evaluate material selection trade-offs, including mass, cost and greenhouse gas emissions, has been developed by the Steel Market Development Institute (SMDI) and WorldAutoSteel, the automotive group of the World Steel Association.

U.S. Steel positive on auto; construction mart still lags

Thu, 02 May 2013 16:48:00 GMT

U.S. Steel Corp. continues to see solid demand in the automotive market, but the steelmaker says it has yet to see a significant uptick in the construction sector.

Steel group updates manual on bumper materials, design

Thu, 02 May 2013 16:37:00 GMT

To assist engineers and automakers in applying the most lightweight and cost-effective steel bumpers in passenger cars and light trucks, the Steel Market Development Institute’s (SMDI’s) Bumper Group has released the fifth edition of its product manual.

GM sees profits decline 13.8% in first quarter

Thu, 02 May 2013 16:28:00 GMT

General Motors Co.’s first-quarter net income fell 13.8 percent to $865 million from slightly more than $1 billion in the same period last year on sales that dropped 2.3 percent to $36.88 billion.

Kinder Morgan acquires nat gas service provider Copano

Thu, 02 May 2013 13:39:00 GMT

Kinder Morgan Energy Partners LP has completed its $5-billion acquisition of natural gas services provider Copano Energy LLC.

ITA seeks comments on administrative reviews

Thu, 02 May 2013 13:27:00 GMT

The U.S. Commerce Department’s International Trade Administration (ITA) has given notice for interested parties to participate in various administrative reviews.

Oversupply weighs on industrial titanium: ATI

Wed, 01 May 2013 23:24:00 GMT

Allegheny Technologies Inc. (ATI) is looking to benefit from higher shipments of nonaerospace, industrial titanium this year, but might nevertheless reduce its sponge output rate as it moves to avoid surplus inventory.

US manufacturing activity grows at slower rate in April

Wed, 01 May 2013 23:06:00 GMT

U.S. manufacturing activity expanded in April for the fifth straight month, although the rate of growth—while positive—clocked in at the lowest level this year, according to the Institute for Supply Management (ISM).

RTI strengthening ties with Airbus: Hickton

Wed, 01 May 2013 22:48:00 GMT

Titanium producer RTI International Metals Inc. is looking to boost its involvement with Airbus SAS downstream as the European aircraft builder prepares to open its first U.S. assembly plant.

RTI sells Pierce-Spafford unit for $12.5M

Wed, 01 May 2013 22:43:00 GMT

RTI International Metals Inc. has sold Pierce-Spafford Metals Co. Inc. to Titanium Industries Inc. for $12.5 million in cash in a deal that underscores long-term strategies at both companies.

State-owned enterprises muddle TPP talks

Wed, 01 May 2013 21:05:00 GMT

Discussions on how to manage state-owned enterprises (SOEs) may come under increased scrutiny in future negotiations over what could be one of the largest trade agreements to date—the proposed Trans-Pacific Partnership (TPP).