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Metals Chips

By Tom Stundza -- Purchasing, 5/8/2008

Los Angeles-based Reliance Steel & Aluminum, North America's largest service center company, has acquired Dynamic Metals International, a specialty metals distributor in Bristol, Conn. Dynamic will operate as a subsidiary of Reliance's Service Steel Aerospace Corp. subsidiary that is headquartered in Tacoma, Wash.

Service center company Namasco is buying Taylor Equipment & Machine Tool Corp. (Temtco Steel) of Louisville, Miss., a distributor of processed specialty steel plate. In 2007, Temtco Steel generated sales of about $144 million to such markets as mining, energy, transportation and heavy equipment industries.

Chicago-based A-Finkl & Sons is installing a new melt shop that will start production of its new 77-ton/heat electric-arc furnace to make forging die steels, plastic mold steels, die casting tool steels and custom open-die forgings.

Eramet Marietta Inc. says deliveries of silicomanganese won't be affected by a $20-million upgrade to its ferroalloys plant in Marietta, Ohio. The company says it has built sufficient stockpiles of high-carbon ferromanganese during the May and June furnace downtime.

The Carpenter Powder Products subsidiary of Carpenter Technology Corp. has acquired UltraFine Powder Technology, which operates a single facility in Woonsocket, R.I., that makes fine-gas atomized powders for the metal injection molding (MIM) industry.

World titanium supplier Toho Titanium has raised ingot production capacity at its Yahata plant in southern Japan to 19,000 metric tons/year from 9,000 metric tons by building a new electron beam furnace.

Vancouver-based Silver Standard Resources has sold its Shafter silver mine in southwest Texas to fellow Vancouver-based miner Aurcana Corp.

Steelmaker Nucor Corp. of Charlotte, N.C. has completed the acquisition of Metal

Recycling Services of Monroe, N.C., and Galamba Metals Group of Kansas City, Mo., which operates as Advantage Metals Recycling. The new scrap-processing firms will become part of Nucor's scrap subsidiary, the David J. Joseph Co.

NovamericanSteel of Laplace, Quebec, is closing its Cambridge, Ontario, processing facility as part of organizational changes to improve performance at the company. Activities of the sheet-slitting facility will be consolidated at the company's Stoney Creek processing center in Hamilton, Ontario.

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