Current News

JD Fields & Company has acquired the steel piling products line of business from L.B. Foster Company. The transaction was for an estimated $24 million.

TimkenSteel Corp. and the United Steelworkers have agreed to extend a labor agreement for two weeks. The extension, which will run through Oct. 11, will allow the two sides to work toward a mutually acceptable agreement.

The dramatic year over year increases in metals shipments in the first haft of the year slowed across the board to more normal levels, the Metals Service Center reported in its latest Metals Activity Report. Canadian steel shipments actually declined slightly in August.

The Caldwell Group has added a second Bystronic laser machine to its steel service center. The BySmart cutting system was installed in August, alongside a smaller BySpeed unit, as the manufacturer of lifting and rigging equipment continues to invest in state-of-the-art, Swiss-made sheet lasers, tube lasers and press breaks.

Specialty materials producer ATI has started up a new electric arc furnace at its Latrobe, Pa., facility. The EAF, supplied by Primetals Technologies, is designed to process a wide range of input materials and will replace equipment coming to the end of its useful life.

Sandvik Coromant has opened its new Sandvik Coromant Center Mebane in the heartland of manufacturing innovation and technology, joining a global network of facilities dedicated to showcasing metal-cutting expertise and helping to solve customer challenges. In conjunction with the launch, the company has moved its U.S. headquarters to Mebane, N.C.

CNC machinery sales veteran Charlie Bible has joined MC Machinery, Chicago, Ill., as a regional sales representative for lasers, automation equipment and press brakes.

Nucor Corp., Charlotte, N.C., continues to invest in its capabilities. One day after announcing plans for a new flat-rolled mill, the company approved construction of a new melt shop at one of the company’s existing bar mills in the Western United States.

High Performance Alloys Inc., Tipton, Ind., was named the Rural Small Business of the Year by the Indiana Economic Development Corp. and Inside Indiana Business. HP Alloys was one of nine Hoosier businesses recognized this year.

Nucor Corp. will build a new 3-million-ton sheet mill. The company is evaluating locations in Ohio, Pennsylvania and West Virginia.