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With the acquisition of strategic patents from BWG GmbH, REDEX Group is now able to offer the largest portfolio of metal strip processing solutions, the company claims. The solutions range from foil to heavy gauge coils.
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DGI Supply, a DoALL Company, Wheeling, Ill., has acquired certain assets of Production Tool & Supply (PT&S) of Rockford, Ill. DGI Supply has hired the PT&S employees and will continue to operate under the PT&S brand for its customers in the Rockford area.
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Bystronic has completed assembly of its first laser cutting machine at its newest facility in Hoffman Estates, Ill. The completion signifies Bystronic’s commitment to its customers and the North American market by providing locally assembled machinery to reduce overall lead time, installation time, and import costs, the company claims.
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TRUMPF will host a virtual in-house event from May 27-29 to present its newest products via an online platform.
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Behringer Saws, Morgantown, Pa., has announced two personnel changes. Behringer is a manufacturer of high performance bandsawing machines, circular cold saws and structural fabricating equipment.
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To meet a gap in the strip steel industry for coil-to-coil narrow polishing, Blue Blade Steel has invested more than $1 million on new equipment. The new equipment was designed to handle coils from 1 inch to 18 inches wide in a variety of steel grades.
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The L.S. Starrett Co., Athol, Mass., has made three sales managements appointments. Starrett is a manufacturer of saw blades and other industrial tools and systems.
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United States Steel Corp., Pittsburgh, reported a first-quarter net loss of $391 million, a reversal from the $54 million in earnings posted in the same quarter in 2019. Net sales in the quarter declined 21.4 percent to $2.8 billion.
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Nucor Corp., Charlotte, N.C., reported net earnings of $20.3 million in the first quarter. Earnings, which were harmed by the company’s assets in Italy, were significantly below both the prior quarter and first-quarter 2019.
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Steel Dynamics, Fort Wayne, Ind., reported first-quarter sales of $2.6 billion, a decline of 7.1 percent from the same quarter in 2019. Sales were 8.3 percent higher than the prior quarter.
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