Company News

In this section you can find updates from suppliers, manufacturers, fabricators and stockists of stainless steel material. This company news section is updated regularly with the latest company news from within the global stainless steel world community. If you wish to include your newsrelease on our website Stainless Steel World Americas and email newsletter, please feel free to contact us.

Boeing employees go on strike

Already high inventories of titanium could rise even higher after Boeing employees called a strike at an assembly plant in Long Beach, California.

Goldman Sachs starts MUSA at Neutral

Goldman Sachs has initiated coverage on recent IPO Metals USA Holdings Corp. (MUSA) with a Neutral rating and USD 18 price target.

Vale and strikers ordered back to bargaining table

The Ontario Labour Relations Board has 'directed' both sides in the 10 month strike at Vale Inco back to the bargaining table. 

Electralloy price increase on stainless grades

Effective with Stainless Bar new order placements of 15 May 2010, for Electralloy’s “FIRM” Bar Program Pricing and 1 July 2010, shipments for “FLEX” Bar Program Pricing, the company will increase base prices on selected air melted and all remelted grade stainless approximately 2- 4%.

Allied Fitting acquires Warren Alloy

GulfStar Group has announced that Warren Alloy Inc. has been acquired by Allied Fitting L.P. GulfStar served as exclusive financial advisor to Warren throughout the transaction. Prior to the transaction, Warren was a portfolio company of The CapStreet Group LLC.

Daekyung Machinery supplys Canadian plant

South Korea's Daekyung Machinery & Engineering Co. has won a total of USD 10.8 million in orders to provide oil refinery equipment to plants in Canada and Turkmenistan.

Vale’s Clydach Refinery boosts nickel production

Vale SA will raise output at its Clydach nickel refinery in Wales to full capacity by 7 May 2010, taking semi-processed metal from a Canadian facility that has been hit by a labour strike.

Earth Metals applies for MMTA membership

The Minor Metals Trade Association (MMTA) has announced that Earth Metals LLC of the US has applied to join their membership.

LLOG Exploration changes management structure

LLOG Exploration Co. LLC, of Covington, Louisiana, US, has made several new hires, appointments, and promotions.

Sandvik Canada fined for safety violation

A Pembroke court has fined Sandvik Canada Inc. USD 115,000 for a violation of the Ontario Occupational Health & Safety Act after a worker severely injured his hand at the company's Arnprior plant.