It’s coming up on six months since the Infrastructure Investment and Jobs Act was signed into law by President Joe Biden. Yet how it’s going to play out remains something of a mystery to many.
Read More The White House issued guidance to federal agencies on the application of Buy America preferences in the Infrastructure Investment and Jobs Act. The guidance requires all agencies to ensure by May 14 that all iron and steel used in the project must be produced in the United States.
Read More Commercial Metals Company, Irving, Texas, will build a new micro mill in the Eastern United States. The mill will be constructed to serve the Northeast, Mid-Atlantic and Midwestern markets.
Read More The National Association of Manufacturers cautions the federal government against rolling back tax reforms in response to the budget resolution introduced by the Biden administration.
Read More The March announcement by President Joe Biden of a new $2.3 trillion infrastructure program was the fulfillment of a long-awaited, multi-administration dream of the metals supply chain.
Read More From tax incentives to material changes, service centers have plenty of reasons to invest in new equipment… and they are.
Read More The appliance market defied macroeconomic trends with a flat year in 2019. Will the sector continue to defy the odds this year?
Read More Tax Cuts and Jobs Act eliminated most personal deductions for casualty losses, but options remain for service center operators.
Read More A number of factors are coalescing to turn 2018 into a profitable year for distributors of heating, ventilation and air conditioning equipment, which is welcome news for service centers selling into this market.
Read More The one area where Trump and the metals industry were not on the same page has been NAFTA, which the president repeatedly has blasted, while producers and distributors have typically credited it for strong domestic growth.
Read More The steel plate market was on the rise in the first half of 2018, and improved demand has experts and analysts expecting similar growth at least through the end of the year. With the outlook for key end markets similarly positive, steady demand is helping to ease some concerns over soaring prices and trade uncertainty.
Read More Last December’s Tax Cuts and Jobs Act allowed many within the metals distribution industry to expense and immediately write off more, including a 100 percent temporary expensing deduction for adding needed equipment, vehicles, or even a new warehouse or shop building.
Read More Service centers have plenty of reasons to invest in new equipment, not the least of which are recent changes to the U.S. tax code that incentivize capital spending.
Read More Reliance Steel and Aluminum Co., Los Angeles, reported a record $2.76 billion in sales in the first quarter, a 14 percent increase from last year and up 16 percent from the fourth quarter.
Read More Carpenter Technology Corp. announced in March that it will invest $100 million in its Reading, Pa., facility. Planned upgrades include soft magnetics capabilities and a new precision strip hot rolling mill.
Read More Thanks to the just-passed Tax Cuts and Jobs Act, the tax rate for incorporated metal service centers and toll processors will be reduced from its current 35 percent to 21 percent for the 2018 tax year and thereafter.
Read More Reliance Steel & Aluminum, Los Angeles, reported net sales of $9.72 billion, a 12.9 percent increase from 2016 and the second-highest total in company history.
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