Current News

Champagne Metals has installed a new Precision Multi-Cut Blanking Line from Red Bud Industries at its Middlebury, Ind., facility. Champagne is an aluminum processor and distributor.

Alro Steel, Jackson, Mich., has acquired Ace Steel, Roanoke, Va. The purchase will allow Alro to grow its customer base while providing improved service for cut-to-size metals and plastics.

Nucor Corp. will build a rebar micro mill in the South Atlantic region. The company’s board of directors approved the project, which is expected to cost $350 million.

Nova Steel Inc. has purchased a Heavy Gauge Slitting Line from Athader S.L., a member of The Bradbury Group. The line, to be installed in the Nova Steel and Tube LLC plant in Delta, Ohio, will slit 0.500-inch by 74-inch by 80,000-pound coils.

Taylor Hehn and Bamidele “Bam” Olaleye have joined the Human Resources Department at Elk Grove Village, Ill.-based MC Machinery.

VORTEQ Coil Finishers, LLC, a leading provider of coil coating services for a wide range of metal products and multiple end use markets, has completed a management-led buyout.

Russel Metals Inc. has closed its acquisition of a group of companies that operate as Boyd Metals. Boyd operates five service centers in Fort Smith and Little Rock in Arkansas; Joplin, Mo.; Oklahoma City; and Tyler, Texas.

The manufacturing PMI hit 61.1 percent in November, an increase of 0.3 percentage points from the prior month, the Institute for Supply Management reported in its latest Report on Business. The mark represents the 18th consecutive month of growth in the manufacturing sector.

Fehr Warehouse Solutions has joined North American Steel Alliance as an operational supplier. Fehr, based in Switzerland with a manufacturing operation in Charlotte, N.C., is an expert in warehouse logistics.