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Steel, Aluminum Shipments Up, Inventory Levels Down

Thursday, June 22, 2006
 
According to the most recent MSCI (Metals Service Center Institute) Metals Activity Report, shipments of steel and aluminum products by U.S. and Canadian service centers rose sharply in year-to-year comparisons during May. Inventory levels of both metal alloys declined. In the United States, May shipments of steel products from service centers ticked up 15.5 percent compared to May 2005; year-to-date shipments are 5.6 percent ahead of 2005 pace. Steel-product inventories are down 7.8 percent from a year ago. May aluminum-product shipments were up 10.7 percent from May 2005, year-to-date shipments are up 6.7 percent, and inventories are down 6.2 percent from a year ago.
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Metform Forms Strategic Alliance

Wednesday, June 21, 2006
 
Metform Intl. Ltd., Mississauga, Ontario, Canada, a supplier of heavy-gauge coil-processing equipment including rollforming lines and tooling and cut-to-length lines, has formed a strategic alliance with Grupo Marafon. Located in Brazil, Grupo Marafon also provides rollforming lines and cut-to-length lines. Learn more at www.metformintl.com.
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Laystrom Mfg. Acquires Metal Fabrication Company

Wednesday, June 21, 2006
 
Metal fabricator, stamper and tooling manufacturer Laystrom Manufacturing Co., Chicago, IL, acquired all of the manufacturing assets of Nitram Metal Fabricators, Inc., Elk Grove Village, IL. Laystrom will continue to operate the Nitram facility, a 24,000-sq.-ft. plant that includes a 4000-w CNC laser-cutting machine and a laser-turret punch press.
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