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Hot Off the Press
Steel Consumers Troubled By Decrease
in Hot- and Cold-Rolled Steel Imports
Thursday, June 23, 2005
Precision Metalforming Association (PMA) President William E. Gaskin expressed concern over the Department of Commerce (DOC) announcement that April imports for hot- and cold-rolled sheets decreased from March levels. The DOC reported hot-rolled steel imports for April at 267,000 metric tons, a 13-percent decrease compared to March; and cold-rolled steel imports at 180,000 metric tons, a one-percent decline compared to March.
“While overall steel import levels rose by nine percent in April compared to March, the decrease in hot- and cold-rolled sheets causes concern for the metalforming industry,” says Gaskin. “If imports of hot- and cold-rolled steel continue at the same pace of the first four months of this year, the projected total for these imports in 2005 will be nearly 5.5 million metric tons—approximately 11 percent lower than the 6.2 million metric tons of this material that was imported last year.”
L.S. Starrett Establishes Mexican Distribution Facility
Thursday, June 23, 2005
L.S. Starrett, headquartered in Athol, MA, has established a distribution and band-saw-blade welding center in Saltillo, Coahuila, Mexico, with the intent of expanding the company’s presence and customer support in Mexico.
Besides the welding center, the 6500-sq.-ft. facility includes a warehouse that stocks the Starrett line of precision measuring tools, gauges, shop tools, metrology equipment and accessories. Also stocked are Starrett band-saw blades, jig- and reciprocating-saw blades, hacksaws and hole saws. Plans call for a product showroom and training area for metrology products.
For more, visit www.starrett.com
Market Study Shows Press Sales Climbed in 2004
Wednesday, June 22, 2005
Albrecht Associates, Richmond, IN, has released its 2005-06 Market Study of Mechanical and Hydraulic Presses. Pulling from Department of Commerce data, the report indicates a rebound year for the industry in 2004, as press shipments climbed by 22 percent over 2003 shipments. Hydraulic-press sales were particularly strong, up 38.7 percent in 2004 (imports skyrocketed by 78.9 percent); mechanical-press sales were up 7.9 percent (imports climbed 9.2 percent). To request a copy of the market study--80 pages with 41 charts and tables, along with a forecast for 2005 and 2006—call 765/962-4903.