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If you are mystified by today’s steel prices, you are not alone.

b+s group has installed a new Traverse Winding Line at thyssenkrupp Materials NA's Copper and Brass Sales facility in Bolingbrook, Ill.. The line is designed for winding 0.200-inch by 2.160-inch wide strips and material thicknesses from 0.005 inches to 0.095 inches, with mechanical properties of the metal ranging to 130,500 psi.

Red Bud Industries has received an order for a Light Gage Slitting Line from Petersen Aluminum Corporation for installation at its Tyler, Texas, facility. The line is the seventh Red Bud has supplied Petersen, which is now a Carlisle Corporation company.

The U.S. economy is entering rare territory, in more ways than one. Barring a cataclysmic event over the next five days, the U.S. economy will mark its 10th year of expansion on July 1st, marking the longest run of growth since the data was tracked.

Braner/Loopco has installed a complete Coil Packaging System dedicated to efficiently packaging thin gauge slit coils produced from a 24-inch Turret Head Slitting Line at Ulbrich Stainless in Alsip, Ill. The compact pack line occupies a footprint of just 26 by 41 feet.

Alliance Steel has made its first new equipment purchase for its impending move to Gary, Ind. Alliance has ordered a Heavy Gage Slitting Line from Red Bud Industries.

Dr. Jack Cheng, president and CEO of Orlando, Fla.-based AA Metals, has been named Entrepreneur of the Year in the commercial services category in Florida. The award was bestowed by EY.

Steel shipments decreased for the seventh consecutive month in the U.S. and for the tenth consecutive month in Canada, reports the Metals Service Center Institute, Rolling Meadows, Ill. Aluminum shipments increased in the U.S., but decreased for the first time this year in Canada.

World crude steel production in May totaled 162.7 million tons, a 5.4 percent increase compared with the same month in 2018, reports the Brussels-based World Steel Association. Through five months, global production increased 5 percent to 764 million tons.

Allegheny Technologies Inc., Pittsburgh, has divested two of its businesses in separate transactions. ATI will sell its Cast Products business to Consolidated Precision Products Corp., Cleveland, and two non-core forging facilities to Wynnchurch Capital, LLC for $37 million in cash.