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U.S. Steel Imports Highest Since Early 2002

Wednesday, August 04, 2004
 
According to the U.S. Commerce Department, U.S. steel imports totaled 2.9 million metric tons (mts) in June 2004, up from 2.3 million mts in May. June tonnage includes 2.3 million mts of finished steel, up 14 percent over May imports. For the first six months of the year, total imports are up 30 percent over last year and finished-steel imports are up 27 percent.
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Steelmaker Stelco Inc. Continues to Streamline

Wednesday, August 04, 2004
 
Canadian steelmaker Stelco Inc., operating under court protection from bankruptcy, plans to close or sell eight facilities in Ontario and Quebec, Canada, and concentrate on making the types of products it deems as value-added for clients: hot- and cold-rolled steel sheet, as well as steel bar, primarily for the automotive and construction markets. It will phase out production of steel rod, wire and pipe.
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Seyi America Acquires Orchid Presses

Tuesday, August 03, 2004
 
Seyi America Inc., Walnut, CA, has acquired Orchid Presses, Brentwood, TN, its strategic partner and service outlet for mechanical and hydraulic presses. Included in the acquisition are 43 distributors in North America. The firm named Orchid’s Lanny Griffin vice president of sales and service for its east- and west-coast facilities.
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