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Hot Off the Press


Coil Prices on the Rise

Wednesday, July 1, 2009
The Steel Index, issued by Steel Business Briefing, shows that nearly all coil prices in the United States, northern and southern Europe, and Turkey are higher since last week, with the biggest gains reported in the United States and Turkey. In the United States, the reference price for hot-rolled coil rose $39/short ton, to $443, and the price for cold-rolled rose $18/short ton. Average delivery time for hot rolled is 4.4 weeks. Learn more at

Ohio Sheetmetal-Enclosure Fabricator
to Open Plant in Indiana

Wednesday, July 1, 2009
Koester Metals Inc., Defiance, OH, a producer of sheetmetal enclosures and other fabricated components, announced plans to open a new facility in Fremont, IN, by 2012. The company will set up shop in an existing 130,000-sq.-ft. plant, with help from the Indiana Economic Development Corp., which offered Koester as much as $185,000 in performance-based tax credits and $25,000 in training grants. Among its hopes for the new plant is the inclusion of a “green” powder-coating line. The Koester headquarters plant in Defiance performs, among other processes, laser cutting and robotic welding;

HVAC Sheetmetal Fabricator
Adds 4-kW Laser-Cutting Machine

Tuesday, June 30, 2009
M&M Manufacturing Co. has installed a Mazak Hypergear 2D FMS laser-cutting system at its Precision Products Division in Fort Worth, TX. The machine features a 4-kW laser to cut mild steel to 1 in. thick, as well as a material-storage tower for holding and retrieving as many as10 different sheet specifications. A pneumatic load system positions each sheet on the cutting table—with material loaded in the tower, the setup can run untended for complete shifts or over the weekend. M&M fabricates round, rectangular and spiral HVAC duct pipe and fittings, as well as sheetmetal products for roofing, ventilating and architectural applications; Learn more about the lineup of laser-cutting equipment from Mazak Optonics Corp., Elgin, IL, at


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