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Ampco-Pittsburgh Corp. is contemplating a rights offering that would, when initiated, involve the issuance to its shareholders of a dividend of rights and potential over-subscription rights to purchase shares of its capital stock and potentially other securities.
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Olympic Steel has opened a new 120,000-square-foot processing facility in. Buford, Ga. The location expands Olympic’s Southeastern region footprint, which also includes facilities in Locust, N.C.; Winder, Ga.; and Hanceville, Ala.
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Leeco Steel, an O’Neal Industries affiliate company and one of the largest suppliers of steel plate in North America, announced the appointment of Jeff Irby as e-commerce product manager and Owen Donaghey as digital commerce manager. The appointments were effective May 1, 2020.
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Economic conditions in the manufacturing sector contracted again in May, though sentiment improved modestly compared with the previous month, the nation’s purchasing managers indicated in the latest PMI Report from the Institute for Supply Management. The May PMI was 43.1 percent, up 1.6 percentage points from the April reading.
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