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FABTECH has become the latest casualty of the coronavirus, as organizers have canceled the 2020 event. The show had been scheduled for November in Las Vegas.
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BIG KAISER Precision Tooling Inc., Hoffman Estates, Ill., is celebrating its 30th anniversary. On August 1, 1990, KPT Kaiser opened its doors and began its mission to make Kaiser CKB modular boring tools, developed in Switzerland, the leader in the North American market.
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Global red metals company Wieland, through its Wieland Metal Services, has made two acquisitions in North America. The German-based Wieland has acquired Marjean and Nasco.
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There’s still time to participate in Metal Center News’ AdQ Research. The survey, which takes only minutes to complete, provides valuable feedback to the supporters of Metal Center News on how well their advertisements are doing at reaching their customers and potential customers.
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North America’s largest service center company experienced a 30 percent decline in sales in the COVID-19-affected second quarter. Reliance Steel & Aluminum’s second-quarter sales declined to $2.02 billion, down from the $2.88 billion in the same quarter last year and off 21.5 percent from the first quarter.
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Ryerson Holding Corp., Chicago, reported net sales of $772 million in the second quarter, a 35.9 percent decline from the same quarter in 2019. Compared with the prior quarter, net sales were down 23.6 percent. Ryerson Holding Corp., Chicago, reported net sales of $772 million in the second quarter, a 35.9 percent decline from the same quarter in 2019. Compared with the prior quarter, net sales were down 23.6 percent.
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TWB Company, Worthington Industries’ tailor welded blanks joint venture, was named a GM Supplier of the Year by General Motors. It was the second straight year TWB was recognized by the automaker.
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Nucor Corp., Charlotte, N.C., reported net earnings of $108.9 million, a massive improvement from the $20.3 million in the first quarter, but still well off the $386.5 million posted in the same quarter of 2019.
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World crude steel production in June totaled 148.3 million metric tons, a 7 percent decrease compared with the same month last year, the Brussels-based World Steel Association Reported. First-half production of 873.1 million tons was down 6 percent from 2019.
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The PMI surged to 54.2 percent in the July Manufacturing Report on Business from the Institute for Supply Management. The PMI represents growth in the manufacturing sector for the third-straight month after the sharp COVID-19-related declines earlier in the year.
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