The results showed a continued slide in year-over-year and sequential sales growth that reflected an industry-wide demand slowdown.
Latest In Metals Service Centers
Star Precision is a complementary addition to Maysteel as it scales and diversifies its metal production and machining capabilities.
Metalforming companies express more optimism about business activity month over month, according to the latest report from the Precision Metalforming Association.
Based in Mississauga, metalworking supplies distributor KAR had 2023 sales of about $16 million.
AMT said aerospace and automotive markets are still working on an impressive backlog and sales that will keep shops busy well into 2024.
Through November, year-to-date were down 13.3% from the same period in 2022.
The figures signalled a bumpy period for fellow metalworking and MRO supplies distributors.
It gains WALTER a South Carolina based manufacturer that has roots dating back to 1874.
MachiningCloud users can now directly purchase tooling from MSC within the MachiningCloud application.
It strengthens Stellar's product offering in the U.S. mid-south and further enhances its VMI and cost savings program.
Metals service center Pennsylvania Steel Company acquired Ohio-based steel service center Stark Metal Sales.
Specializing in cutting tools, abrasives, coolant and MRO Supplies, Alro is a subsidiary of metals and plastics distributor Alro Steel Corp.
See the top latest accomplishments out of the metalworking and MRO supplies distributor's ESG efforts.
Generational Growth Capital has acquired metal fabricators in Wisconsin, Minnesota and Illinois to form a new manufacturing platform.
3Q23's uneven growth continued in October, and USCTI's President expects that narrative to continue through 2024's first half.
The AMT said the U.S. west region saw monthly orders surge 60% from September.
Ryerson adds Cerritos, California-based Hudson Tool Steel Corp.
Following the transaction close, Banner and Castle will continue to operate as independent brands
OSHA identified 58 safety and health violations at the machine shop, including three willful violations.
Consumption slide month-to-month, while year-to-date orders outpaced 2022’s first nine months by 8.1%.
