The highs of the post-pandemic were but a memory in 2024 for most members of the metals supply chain. The combination of high interest rates and continued inflation resulted in a year of pullback for producers and distributors alike. (Photo by Benner Metals)
Read More While the long-term health of medical metals is assured, the market is dealing with some inventory overhang pangs at present. (Photo by Vested Metals)
Read More A.M. Castle & Co. and Banner Industries will merge under a single asset combined vehicle of MiddleGround Capital, a Lexington, Ky.-based private equity firm. The companies will continue to operate under their original brand names but operated by MiddleGround Capital Carbon CV, L.P.
Read More One year after the service center industry shattered most records in the annual Metal Center News’ Top 50, the industry has done it again. But the first seven months of 2023 suggest a third-straight year is not in the offing.
Read More Historic pricing and strong demand led to across the board sales records in the 20th year of MCN’s survey of North America’s largest service centers. Photo courtesy Reliance Steel & Aluminum.
Read More A promising year for the industrial economy was turned on its head by the biggest public health crisis the globe has seen in more than a century.
Read More Specialty metals distributor A.M. Castle, Oak Brook, Ill., intends to become a private company, based on a filing with the Security and Exchange Commission. The company’s board of directors determined the continued costs associated with remaining a publicly traded company could not be justified to the company and its shareholders at present.
Read More A.M. Castle reported net sales of $87.7 million in the second quarter, a 42.7 percent decline from the same quarter in 2019. Sales were down 33.3 percent compared with the prior quarter.
Read More A.M. Castle & Co., Oak Brook, Ill., has promoted President Marec Edgar to CEO and a member of the board of directors. Steve Scheinkman will retire as chairman and CEO of the specialty metals distributor.
Read More A.M. Castle & Co., Oak Brook, Ill., reported net sales of $136.1 million In the third quarter, an 8.1 percent decline compared to the same month the prior year. The specialty metals distributor reported a net loss of $12.2 million, nearly double the $6.7 million loss reported in the same quarter of 2018.
Read More The grounding of Boeing 737 is just one of the challenges facing the otherwise strong aircraft industry.
Read More A.M. Castle & Co., Oak Brook, Ill., reported net sales of $147.9 million in the second quarter, a 1.7 percent decline compared with the second quarter of 2018. The company reported a net loss of $8.3 million, largely flat with the second quarter last year.
Read More A.M. Castle & Co., Oak Brook, Ill., reported net sales of $149.5 million in its first quarter, a 2.5 percent increase compared to the same month in 2018.
Read More Union Partners LLC has appointed industry veteran Steve Letnich as the chief operating officer of Contractors Steel. Letnich succeeds Marc Bokas, who has retired after 40 years in the industry.
Read More A.M. Castle & Co., Oak Brook, Ill., has qualified to trade on the OTCQX Best Market after previously trading on the OTCQB Venture Market. The OTCQX Best Market is reserved for companies meeting high financial standards, adhering to best corporate governance and compliance practices and requires a professional third-party sponsor introduction.
Read More Activity in the commercial aerospace market picked up in 2018, as destocking moderated. More of the same is anticipated next year.
Read More A.M. Castle & Co., Oak Brook, Ill., reported net sales of $148.1 million in the third quarter, a 20.2 percent increase compared with the same period in 2017. Net sales dipped 1.5 percent from the prior quarter.
Read More Marec Edgar has been promoted to president of A.M. Castle & Co., Oak Brook, Ill. Steve Scheinkman, who previously served as president, will continue as the company’s chairman and CEO and focus on the company’s growth initiatives.
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