CSC said steel makers have seen profitability hurt by increased costs of ironmaking raw materials and the sharp decline in steel product prices.
HEADLINES
December 10
00:24
2019
Third-quarter results included 8% organic gain “driven by aerospace engine, defense and commercial transportation growth.”
December 10
00:17
2019
He alternated the CEO role of Earnest Machine Products Co. with his brother, John. The company was founded in 1948 by their father, Paul Zehnder.
November 19
09:11
2019
Growth will be strongest in aerospace-grade fasteners, the report found. Increasing demand from end users beyond aerospace equipment for stronger, better performing fasteners will also support rapid gains.
November 19
07:44
2019
The new exclusion request process indicates U.S. tariffs on Chinese fasteners and other products are unlikely to be removed or reduced for at least the next 12 months.
November 19
04:07
2019
More tariffs could be coming: The October 5% increase is ‘still pending’ and December could bring determination on threaded rod and stud tariffs.
November 19
02:34
2019
In some ways, small distributors are similar to the original 13 colonies, according to STAFDA President Sean Baird.
November 19
02:03
2019
“Sales trends were slightly improved on an unadjusted basis, but the seasonal-adjustment factor drove the sales index down (month-to-month),” according to R.W. Baird analyst David Manthey.
November 19
01:46
2019
Resideo’s Sachs: Developing strategic alliances between suppliers and customers, allows you to “adapt to market conditions together.” Sachs worked such an alliance between Honeywell and Field Fastener.
November 19
01:04
2019
Some owners have started “hot” to sell and went “cool” upon realizing their lives would change to “counting dollars and clipping coupons” after leaving the distributorships they built, Marc Strandquist told National Fastener Distributors Association members.
November 19
00:39
2019
Jason Bader suggested to the Pacific-West Fastener Association that the warehouse should be referred to as “the vault.”
November 19
00:15
2019
Fastenal Co. plans to build an office in downtown Winona, MN, that is expected to have space for 400-600 employees, the Winona Daily News reports. Designed by The Kubala Washatko...
November 19
00:05
2019
Founded in 1946, Ontario, CA-based ABS distributes fasteners and C-class components in North America.
October 28
15:07
2019
The duties, originally set to increase October 1 to 30% from 25% on the goods, including bolts, screws and other fasteners manufactured in China, had been delayed two weeks “as a gesture of goodwill.”
October 28
08:51
2019
Vitus’ tooling knowledge led to manufacturing prototypes and custom parts for automated machinery, eventually developing into short-run stampings.
October 28
07:13
2019
The industry “may not (see) good conditions” until the second quarter of 2020, according to Taiwan Industrial Fasteners Institute (TIFI) chairman Tu-Chin Tsai. He noted that Taiwan fastener manufacturers have superior technology, quality and lead times, but can’t compete on price with low-wage countries such as Vietnam and Malaysia.
October 28
05:07
2019
Stanley served as Pac-West VP in 2018-19 and was the 1997-99 president of the Western Association of Fastener Distributors – the predecessor to Pac-West.
October 28
04:59
2019
In 1982 Queenin began his fastener career at Specialty Bolt & Screw. He and his sons, Jay and Jon, eventually purchased SBS. Today Massachusetts-based SBS has three distribution centers in the U.S. and three in Mexico, along with facilities in Canada, Finland and Taiwan.
October 28
04:48
2019
The program includes five classroom and plant tour days. Topics include manufacturing processes consensus standards and quality control.
October 28
04:02
2019
“Better sales trends were offset by a weaker employment reading,” according to R.W. Baird analyst David Manthey.
