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Industry Trends and Analysis News Release List
Industry trends and analysis related news
There are 78 news releases related to industry trends and analysis.
According to the November 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies anticipate a dip in business conditions and incoming orders. Conducted monthly, the report is an economic indicator for manufacturing, sampling 137 metal forming companies in ...
11/19/09
The bi-monthly SteelBenchmarker™ Chinese HRB ex-works price for Nov. 9 rose 1.6 percent to $437 per ton for the second consecutive increase. The World export HRB price fell 1.4 percent to $496 per ton, FOB the port of export, for the fourth consecutive decline. The Western European HRB price f...
11/11/09
HR professionals in the manufacturing and service sectors expect hiring in November to surpass levels reached one year ago. This is the first time since February 2008 that year-over-year hiring has increased in the service sector and the first time since August 2007 in manufacturing, according to th...
11/9/09
Economic activity in the manufacturing sector expanded in October for the third consecutive month, and the overall economy grew for the sixth consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by Norbert J. Or...
11/2/09
The bi-monthly SteelBenchmarker™ Chinese HRB ex-works price for Oct. 26 surged 5.7 percent to $430 per ton after four consecutive declines. The Western European HRB price rose 1.0 percent to $588 per ton (on a Euro basis, it rose 1.0 percent), ex-works, after dropping last time. The World expo...
10/28/09
The October 26, 2009, National Association for Business Economics (NABE) Industry Survey report, based on responses of 78 NABE members to a survey conducted between Oct. 2 and Oct. 12, 2009 about business conditions reflects third-quarter 2009 results and the near-term outlook.
According to NABE...
10/26/09
A Federal Reserve Beige Book survey released today found that housing and manufacturing are driving the early stages of the economic recovery.
According to the survey, "many sectors" have either stabilized or improved modestly over the past six weeks. Both housing and manufacturing continued a "...
10/21/09
According to the October 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect a leveling in business conditions and incoming orders during the final quarter of 2009. Conducted monthly, the report is an economic indicator for manufacturing, sampling...
10/19/09
Economic activity in the manufacturing sector expanded in September for the second consecutive month, and the overall economy grew for the fifth consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by Norbert J...
10/1/09
The bi-monthly SteelBenchmarker™ United States HRB price for Sept. 28 rose 1.5 percent to $616 per metric ton, FOB the mill, for the eighth consecutive rise. The Western European HRB price surged 0.3 percent to $606 (on a Euro basis, it rose 0.7 percent), ex-works, for the seventh consecutive r...
9/30/09
Steel Market Intelligence has reported that according to press reports, the European Union finalized five-year steel pipe dumping duties as high as 39 percent on Chinese imports September 24 that will go into effect on October 8. The decision was based on a vote conducted in late July in which trade...
9/25/09
On Sept. 23, Wiley Rein LLP filed antidumping and countervailing duty petitions with the U.S. Department of Commerce and the U.S. International Trade Commission against imports of standard fasteners from China and Taiwan. The petitions, which were filed on behalf of Nucor Fastener, St. Joe, Indiana,...
9/24/09
ArvinMeritor, Troy, Mich., has announced that it has completed the previously announced sale of its Wheels business—formerly a division of the company's Light Vehicle Systems segment—to lochpe-Maxion S.A., a Brazilian producer of wheels and frames for commercial vehicles, railway freight...
9/22/09
The bi-monthly SteelBenchmarker™ United States HRB price for Sept. 14 surged 7.2 percent to $607 per metric ton, FOB the mill, for the seventh consecutive rise. The Western European HRB price surged 6.0 percent to $604 (on a Euro basis, it rose 4.0 percent), ex-works, for the sixth consecutive ...
9/18/09
Boeing forecasts that the Asia Pacific region will rank as the world's largest aviation market over the next 20 years, requiring 8,960 new commercial jets valued at approximately $1.1 trillion. Asia Pacific is the largest market in the forecast for new airplanes in terms of both units required and m...
9/9/09
Economic activity in the manufacturing sector expanded in August, following 18 consecutive months of contraction, and the overall economy grew for the fourth consecutive month, said the nation's supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued toda...
9/1/09
The bi-monthly SteelBenchmarker™ Western European HRB price for Aug. 24 rose 3.3 percent to $570 (on a Euro basis, it rose 2.1 percent), ex-works, for the fifth consecutive rise. The United States HRB spot price rose 2.4 percent to $566 per metric ton, FOB the mill, for the sixth consecutive i...
8/26/09
Optimism about the economy is beginning to permeate among the ranks of recession-wracked manufacturers, according to a new poll conducted by the co-sponsors of the upcoming FABTECH® International & AWS Welding Show, including METALFORM, in Chicago.
More than half (53 percent) of the manufac...
8/24/09
According to the August 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies predict a spike in business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 137 metal forming compani...
8/20/09
The Bureau of Labor Statistics of the U.S. Department of Labor today reported preliminary productivity data—as measured by output per hour of all persons—for the second quarter of 2009. The seasonally adjusted annual rates of productivity change in the second quarter were 6.3 percent in ...
8/11/09
Many economists are predicting that the recession will end and the economy will begin to rebound by the end of 2009. Scheduled for the middle of the fourth quarter, the FABTECH® International & AWS Welding Show, including METALFORM, is timed to provide manufacturers with the latest tools, techn...
8/11/09
Layoffs continue to permeate the labor market, but more companies in the manufacturing and service sectors are hiring compared with the first few months of 2009, according to the Society for Human Resource Management's (SHRM) Leading Indicators of National Employment (LINE) survey for August 2009.
...
8/7/09
According to a statement issued Aug. 4 by the Association For Manufacturing Technology (AMT), manufacturing technology suppliers reacted with cautious optimism over reports that Ford posted the first sales gain in two years and that U.S. manufacturing activity slowed less than expected in July. But...
8/5/09
Economic activity in the manufacturing sector failed to grow in July for the 18th consecutive month, while the overall economy grew for the third consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by Norbert ...
8/3/09
The bi-monthly SteelBenchmarker™ Chinese HRB ex-works price for July 27 surged 6.5 percent to $492 per ton for the seventh consecutive increase. The World export HRB price rose 5.4 percent to $507 per ton, FOB the port of export, for the fifth consecutive rise. The United States HRB spot price ...
7/29/09
The Timken Company today announced it has signed an agreement to sell the assets of its Needle Roller Bearings business, which primarily serves customers in the automotive original-equipment sector, to Japan's JTEKT Corporation in a cash transaction. The agreement is subject to customary regulatory ...
7/29/09
Gerald Shankel, president and CEO of the Fabricators & Manufacturers Association, International, has released the following statement regarding the future of metal fabricating:
Metal fabrication and forming represents a vital segment in the world of manufacturing. The companies in our industry ar...
7/28/09
Hardinge Inc., an international provider of metal-cutting equipment, today announced it is further reducing its North American work force by approximately 50 employees in response to continued weakness in demand for capital goods because of global economic conditions. The current work force reductio...
7/21/09
China dominates the global aluminum industry, accounting for one-third of both world production and world consumption of primary aluminum, according to The Economics of Aluminum, 9th Edition, published by Roskill Information Services, London.
While China is self-sufficient in aluminum metal and a...
7/14/09
According to the July 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect continued strengthening in business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 131 metal for...
7/13/09
Hiring expectations for July are still far behind the levels of one year ago, but compared with the first few months of 2009, a growing number of companies in the manufacturing and service sectors are starting to take on new employees, according to the Society for Human Resource Management's (SHRM) ...
7/2/09
Bystronic (sheet metal processing systems) and the BLM GROUP (tube processing systems) have formed an alliance to work closely together in market development.
The alliance between the two groups is effective July 1, 2009. It includes numerous marketing activities to inform (potential) customers a...
6/30/09
New orders for U.S. manufactured goods rose by a stronger-than-expected 1.8 percent in May.
Analysts polled by Reuters had forecast that orders would decline 0.6 percent in May after a revised 1.8 percent rise in April. The May increase was the third durable goods gain in four months....
6/24/09
According to the June 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect little change in business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 154 metal forming comp...
6/16/09
The bi-monthly SteelBenchmarker™ Chinese HRB ex-works price for June 8 rose 1.9 percent to $429 per ton for the fourth consecutive rise. The World export HRB price rose 1.5 percent to $402 per ton, FOB the port of export, for the second consecutive increase. The United States HRB spot price inc...
6/10/09
The bi-monthly SteelBenchmarker™ United States HRB spot price for May 25 fell 3.2 percent to $429 per metric ton, FOB the mill, for the twentieth consecutive decline. The World export HRB price increased 0.5 percent to $396 per ton, FOB the port of export, after eight consecutive drops. The Chi...
5/27/09
U.S. producers comprising the Stainless Steel Tube Trade Advancement Committee (SSTTAC) have noted that, despite the significant recession in the United States, imports of stainless steel pipe and tube showed substantial growth in early 2009 over 2008.
According to David A. Hartquist, the SSTTAC'...
5/26/09
According to the May 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect business conditions to remain virtually unchanged during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 142 metal ...
5/18/09
Economic activity in the manufacturing sector failed to grow in April for the 15th consecutive month, and the overall economy contracted for the seventh consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®. However, the manufacturing index fo...
5/4/09
The Chicago Tribune has reported that Edward Wehmer, CEO of Lake Forest, Ill.-based Wintrust Financial Corp., said industrial borrowers are starting to see signs of life in their businesses.
During a conference call April 29, Wehmer said that "many metal benders and other Wintrust manufacturing c...
4/30/09
In its latest release of hot-rolled band prices, SteelBenchmarker™'s headline read "never-ending bottom."
The bi-monthly SteelBenchmarker Western European HRB price for April 27 plummeted 6.0 percent per ton (on a Euro basis, it plummeted 5.8 percent, ex-works, for the second consecutive dro...
4/29/09
Reuters has reported that the world’s steel industry is bracing for the steepest fall in demand since World War II, "as global economic downturn rips through the sector, chopping demand by almost 15 percent compared with 2008."
The World Steel Association reportedly expects apparent steel demand ...
4/27/09
The bi-monthly SteelBenchmarker U.S. HRB price for April 13 plummeted 8.0 percent to $474 per metric ton, FOB the mill, for the 17th consecutive drop. The Chinese HRB ex-works price dropped 5.3 percent to $391 per ton for the fifth consecutive decline. The World export HRB price fell 1.5 percent to ...
4/15/09
According to the April 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies are the most optimistic they have been about business conditions since last summer. Conducted monthly, the report is an economic indicator for manufacturing, sampling 155 metal f...
4/15/09
Deere & Company today announced a new global operating model that will combine the technology, expertise, experience, channels, and investments of the Worldwide Agricultural Equipment Division and the Worldwide Commercial & Consumer Equipment Division into a single unit called the Worldwide Agricult...
4/14/09
Economic activity in the manufacturing sector failed to grow in March for the 14th consecutive month, and the overall economy contracted for the sixth consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by No...
4/2/09
The Associated Press has reported that the U.S. government will lend major auto-parts makers $5.0 billion through its Troubled Assets Relief Program (TARP) as compensation for merchandise they have shipped to carmakers for which they have not been paid. The AP cited congressional aides who had been ...
3/19/09
According to the March 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect continued difficult conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 160 metal forming companies...
3/16/09
The Associated Press has reported that General Motors will not need the $2 billion loan installment for March that it requested from the U.S. government in February.
According to the AP, GM CFO Ray Young said in an interview today that the company has told the Obama administration it won't need t...
3/12/09
The Wisconsin Dept. of Commerce has named D&S Mfg., Black River Falls, Wis., as eligible to receive a $250,000 state income tax credit through the Western Wisconsin Technology Zone. This program provides incentives to new and growing businesses in the state's high-technology sectors. Tax credits can...
3/10/09
Reuters reported that U.S. January machine tool demand fell 59.2 percent to a record low $94.95 million from $232.59 million in December, according to the American Machine Tool Distributors' Association (AMTDA) and the Association for Manufacturing Technology (AMT).
Machine tool demand in Januar...
3/9/09
Hiring expectations in the manufacturing and service sectors’ will continue to diminish in March as an already anemic labor market will provide fewer opportunities for job seekers, according to the Society for Human Resource Management's (SHRM) Leading Indicators of National Employment (LINE) surve...
3/6/09
Economic activity in the manufacturing sector failed to grow in February for the 13th consecutive month, and the overall economy contracted for the fifth consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by ...
3/2/09
Orders for durable goods plunged 5.2 percent in January, The U.S. Department of Commerce reported today. Analysts had expected a 2.5 percent decline.
Orders for autos fell 6.4 percent in January from the previous month. Primary metals orders fell 4.6 percent, and orders for fabricated metal produ...
2/26/09
National Association of Manufacturers (NAM) President John Engler today issued the following statement in support of auto manufacturers in America:
I cannot stress enough the importance of the auto industry to our nation's economy. The auto industry represents the country's largest manufacturin...
2/18/09
Deere & Company today announced worldwide net income of $203.9 million, or $0.48 per share, for the first quarter ended January 31, compared with $369.1 million, or $0.83 per share, for the same period last year. Worldwide net sales and revenues decreased 1 percent, to $5.146 billion, for the first ...
2/18/09
According to the February 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect tough times to continue during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 147 metal forming companies in ...
2/16/09
The bi-monthly SteelBenchmarker™ United States hot-rolled band (HRB) spot price for Feb. 9th dropped 3.5 percent to $554 per metric ton, FOB the mill, for the 13th consecutive decline. The Western European HRB price dropped 3.5 percent to $528 per ton (on a Euro basis, it fell 1.9 percent), ex-works...
2/11/09
Detroit-based General Motors announced today that it is cutting 10,000 salaried jobs as part of a restructuring plan to meet the government’s deadline of Feb. 17. The plan is required by the terms of the $9.4 billion low-interest government load to GM. The company is seeking an additional $4 billion...
2/10/09
Reuters has reported that U.S. December machine tool demand fell 2.2 percent to $194.01 million from $198.35 million in November, according to the American Machine Tool Distributor’s Association (AMTDA) and the Association for Manufacturing Technology (AMT). This drop follows a 34.7 percent decline ...
2/9/09
Mass layoffs and other cost-cutting measures have become the norm in early 2009, and that won’t change in February for both the manufacturing and service sectors, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey.
February hir...
2/6/09
According to the Robotic Industries Association (RIA), North American-based robotics companies reported that new orders sold to North American manufacturing companies fell by 21 percent in units and 16 percent in dollars in 2008 compared to 2007. The sharp decline accelerated in the fourth quarter ...
2/4/09
Lincoln Electric Holdings Inc. today announced actions to lower its fixed and variable cost structure to align its business with the current economic environment. These measures include the continuation of previously announced reduced work hours, cutting expenses and discretionary spending in all a...
2/2/09
The U.S. Department of Commerce announced today that new orders for durable goods fell by 2.6 percent in December, a larger decline than the 2 percent economists had forecast.
December's decline marked the fifth straight month in which orders have fallen. Orders fell 5.7 percent in 2008, the secon...
1/29/09
Chrysler and Fiat have signed a nonbinding agreement for a strategic alliance in which Italian automaker Fiat will receive an “initial” 35-percent stake in Chrysler, leaving the door open to expanding the deal.
The companies will share technologies and vehicle platforms. Under the plan, Fiat does n...
1/20/09
According to the January 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect a slight uptick in business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 163 metal forming ...
1/19/09
Latrobe, Pa.-based Kennametal, which said that demand for its tools and advanced materials have been hurt by customers' actions to keep inventories low, has announced that it is cutting more than 1,000 jobs.
The company earlier had planned to eliminate 400 jobs and decided to cut an additional 800...
1/13/09
Jeffrey Knauf, president of Medalist Laserfab, Inc., of Oshkosh, Wis., and Dan McLeod, district manager of A. J. Forsyth in Delta, B.C., Canada were elected to the board of directors of the Fabricators & Manufacturers Association Intl. (FMA) at the group's recent annual meeting. Knauf will serve a o...
1/13/09
Reuters has reported that U.S. November machine tool demand fell 34.7 percent to $185.57 million from $284.27 million in October, the American Machine Tool Distributors' Association (AMTDA) and the Association for Manufacturing Technology (AMT) said in a joint report January 11.
The demand plunged ...
1/12/09
A substantial economic rebound, particularly as it relates to U.S. manufacturing, will occur in 2009 only if four factors trend in a positive way, said Dr. Chris Kuehl, the economic analyst for the Fabricators & Manufacturers Association, International (FMA).
"Many factors come into play when pred...
1/5/09
According to the December 2008 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect business conditions to improve slightly, yet remain difficult during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sam...
12/17/08
The SteelBenchmarker™U.S. HRB spot price for Dec. 8 dropped 11.8 percent to $614 per metric ton, FOB the mill, for the ninth consecutive decline. The world export HRB price dropped 9.2 percent to $540 per ton, FOB the port of export, for the ninth consecutive decline. The western European HRB p...
12/10/08
According to the November 2008 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect business conditions to continue to deteriorate during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 157 metal...
11/20/08
In a joint report, the American Machine Tool Distributors' Association and the Association for Manufacturing Technology have announced that U.S. September machine tool demand increased 32.0 percent to $439.51 million from $333.03 million in August.
In the nine months ending in September, demand f...
11/10/08
The SteelBenchmarker™Chinese HRB ex-works price for Oct. 13 plummeted 23.5 percent to $458 per ton for the second consecutive drop. The world export HRB price dropped 11.1 percent to $799 per ton, FOB the port of export, for the fifth consecutive decrease. The U.S. HRB spot price dropped 8.8 pe...
10/20/08
According to the October 2008 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect a severe deterioration in business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 153 metal f...
10/15/08
According to the April 2008 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect business conditions to weaken during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 154 metal forming companies ...
4/30/08
Although the sale of Chrysler Group has provided a new direction for Detroit's Big Three, a study of the U.S. automotive landscape shows a continued negative outlook for the industry.
In the study titled "The Challenges of the Global Restructuring of the Automotive Industry," economic and busines...
6/12/07
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