Industry Trends and Analysis News

Results: 89


Metal formers expect business conditions to remain fairly steady over next three months Published: February 15, 2010 According to the February 2010 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect conditions to...

USMTC:Manufacturing technology consumption down 60.4% for 2009 Published: February 8, 2010 December U.S. manufacturing technology consumption totaled $219.60 million, according to AMT - The Association For Manufacturing Technology, and...

Metal forming companies increasingly optimistic; majority expect uptick in orders Published: January 19, 2010 According to the January 2010 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies are increasingly...

Manufacturers struggle to hire highly skilled workers Published: January 12, 2010 As employers across the country continue to shed hundreds of thousands of jobs, many manufacturers are facing an ironic dilemma. As they eliminate...

November manufacturing technology consumption up 16 percent Published: January 11, 2010 November U.S. manufacturing technology consumption totaled $178.83 million, according to AMTDA, the American Machine Tool Distributors'...

Factory orders rose 1.1 percent in November 2009 Published: January 5, 2010 New orders for manufactured goods in November, up seven of the last eight months, increased $3.9 billion or 1.1 percent to $365.3 billion, the...

Manufacturing activity expanded for fifth consecutive month in December, but fabricated metal products among sectors that contracted Published: January 4, 2010 Economic activity in the manufacturing sector expanded in December for the fifth consecutive month, and the overall economy grew for the eighth...

Metal forming companies expect business conditions to remain fairly steady during next three months Published: December 17, 2009 According to the December 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect business...

HRB prices off bottom Published: December 16, 2009 The bi-monthly SteelBenchmarker ™ United States HRB spot price for December 14 rose 4.0 percent to $575 per metric ton, FOB the mill, after...

ISM Semiannual Economic Forecast: Manufacturing growth expected in 2010 Published: December 8, 2009 Economic growth in the U.S. will resume in 2010, said the nation's purchasing and supply management executives in their December 2009 Semiannual...

Manufacturing sector economic activity expands for fourth consecutive month Published: December 3, 2009 Economic activity in the manufacturing sector expanded in November for the fourth consecutive month, and the overall economy grew for the seventh...

HRB prices bottoming? Published: November 30, 2009 The bi-monthly SteelBenchmarker ™ Chinese HRB ex-works price for Nov. 23 rose 3.7 percent to $453 per ton for the third consecutive...

Metal forming companies expect business conditions to dip in next three months; however, conditions show considerable improvement from last year Published: November 19, 2009 According to the November 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies anticipate a dip in...

HRB prices converging Published: November 11, 2009 The bi-monthly SteelBenchmarker ™ Chinese HRB ex-works price for Nov. 9 rose 1.6 percent to $437 per ton for the second consecutive...

Hiring expectations for manufacturing improve in November for first time since August 2007 Published: November 9, 2009 HR professionals in the manufacturing and service sectors expect hiring in November to surpass levels reached one year ago. This is the first time...

Manufacturing activity grows for third consecutive month; growth rate highest since April 2006 Published: November 2, 2009 Economic activity in the manufacturing sector expanded in October for the third consecutive month, and the overall economy grew for the sixth...

HRB prices split: China, Western Europe up; U.S., World down Published: October 28, 2009 The bi-monthly SteelBenchmarker ™ Chinese HRB ex-works price for Oct. 26 surged 5.7 percent to $430 per ton after four consecutive...

Survey shows improving business conditions—pickup in hiring, capital spending—over next six months Published: October 26, 2009 The October 26, 2009, National Association for Business Economics (NABE) Industry Survey report, based on responses of 78 NABE members to a...

Federal Reserve survey sees housing, manufacturing improving Published: October 21, 2009 A Federal Reserve Beige Book survey released today found that housing and manufacturing are driving the early stages of the economic recovery....

Metal forming companies expect leveling in business conditions, incoming orders during fourth quarter Published: October 19, 2009 According to the October 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect a leveling in...

HRB price recovery slows Published: September 30, 2009 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...

Steel Market Intelligence: EU finalizes tariffs up to 39 percent on Chinese steel pipe Published: September 25, 2009 Steel Market Intelligence has reported that according to press reports, the European Union finalized five-year steel pipe dumping duties as high...

Antidumping, countervailing duty cases filed against fastener imports from China and Taiwan Published: September 24, 2009 On Sept. 23, Wiley Rein LLP filed antidumping and countervailing duty petitions with the U.S. Department of Commerce and the U.S. International...

ArvinMeritor completes sale of wheels business Published: September 22, 2009 ArvinMeritor, Troy, Mich., has announced that it has completed the previously announced sale of its Wheels business—formerly a division of...

HRB price falls in China, rises elsewhere Published: September 18, 2009 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...

Boeing projects Asia Pacific will be largest aviation market in world Published: September 9, 2009 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...

ISM: Manufacturing sector grew in August—first growth in 19 months Published: September 1, 2009 Economic activity in the manufacturing sector expanded in August, following 18 consecutive months of contraction, and the overall economy grew for...

HRB price recovery stalls Published: August 26, 2009 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),...

Manufacturing executives report signs of improving economy in new poll Published: August 24, 2009 Optimism about the economy is beginning to permeate among the ranks of recession-wracked manufacturers, according to a new poll conducted by the...

Metal forming companies expect spike in business conditions in next three months Published: August 20, 2009 According to the August 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies predict a spike in...

U.S. productivity gain largest since third quarter 2003 Published: August 11, 2009 The Bureau of Labor Statistics of the U.S. Department of Labor today reported preliminary productivity data—as measured by output per hour...

FABTECH 2009 poised to provide solutions when recovery begins Published: August 11, 2009 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...

August hiring to follow recent pattern of gradual monthly improvement Published: August 7, 2009 Layoffs continue to permeate the labor market, but more companies in the manufacturing and service sectors are hiring compared with the first few...

Manufacturing technology producers greet recent economic news with cautious optimism Published: August 5, 2009 According to a statement issued Aug. 4 by the Association For Manufacturing Technology (AMT), manufacturing technology suppliers reacted with...

ISM: New orders, production growing; employment, inventories contracting Published: Array Economic activity in the manufacturing sector failed to grow in July for the 18th consecutive month, while the overall economy grew for the third...

HRB prices up—Markets converge Published: July 29, 2009 The bi-monthly SteelBenchmarker ™ Chinese HRB ex-works price for July 27 surged 6.5 percent to $492 per ton for the seventh consecutive...

Timken signs agreement to sell Needle Roller Bearings business Published: July 29, 2009 The Timken Company today announced it has signed an agreement to sell the assets of its Needle Roller Bearings business, which primarily serves...

A 'fab' future for fabricating Published: July 28, 2009 Gerald Shankel, president and CEO of the Fabricators & Manufacturers Association, International, has released the following statement regarding...

Hardinge announces additional work force reductions Published: July 21, 2009 Hardinge Inc., an international provider of metal-cutting equipment, today announced it is further reducing its North American work force by...

Report analyzes worldwide aluminum supply, demand Published: July 14, 2009 China dominates the global aluminum industry, accounting for one-third of both world production and world consumption of primary aluminum,...

Metal forming companies expect continued strengthening in business conditions Published: July 13, 2009 According to the July 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect continued...

SHRM: Though still weak, labor market may offer more opportunities for job seekers in July Published: July 2, 2009 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...

Bystronic Group, BLM Group form marketing alliance Published: June 30, 2009 Bystronic (sheet metal processing systems) and the BLM GROUP (tube processing systems) have formed an alliance to work closely together in market...

Durable goods orders up 1.8 percent in May Published: June 24, 2009 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...

Metal forming companies 'at or near bottom' of economic cycle Published: June 16, 2009 According to the June 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect little change in...

HRB prices off the bottom Published: June 10, 2009 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....

HRB prices: Trolling the bottom Published: May 27, 2009 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...

Seamless stainless tube imports from China continue growth Published: May 26, 2009 U.S. producers comprising the Stainless Steel Tube Trade Advancement Committee (SSTTAC) have noted that, despite the significant recession in the...

Metal forming companies expect little change in next three months Published: May 18, 2009 According to the May 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect business conditions...

Manufacturing decline continues to moderate Published: May 4, 2009 Economic activity in the manufacturing sector failed to grow in April for the 15th consecutive month, and the overall economy contracted for the...

Wintrust CEO sees hope for manufacturing Published: April 30, 2009 The Chicago Tribune has reported that Edward Wehmer, CEO of Lake Forest, Ill.-based Wintrust Financial Corp., said industrial borrowers are...

HRB prices: 'Never-ending bottom' Published: April 29, 2009 In its latest release of hot-rolled band prices, SteelBenchmarker ™'s headline read "never-ending bottom." The bi-monthly...

World steel demand set for sharpest decline since WWII Published: April 27, 2009 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...

HRB prices continue to drop Published: April 15, 2009 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...

Optimism rises among metal forming companies Published: April 15, 2009 According to the April 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies are the most optimistic...

John Deere announces new global operating model Published: April 14, 2009 Deere & Company today announced a new global operating model that will combine the technology, expertise, experience, channels, and investments of...

ISM: U.S. manufacturing contraction slows; new order index rises Published: April 2, 2009 Economic activity in the manufacturing sector failed to grow in March for the 14th consecutive month, and the overall economy contracted for the...

AP: U.S. pledges $5 billion to support auto parts suppliers Published: March 19, 2009 The Associated Press has reported that the U.S. government will lend major auto-parts makers $5.0 billion through its Troubled Assets Relief...

Metal forming companies expect sluggish activity during next three months Published: March 16, 2009 According to the March 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect continued...

AP reports GM does not need March bailout money Published: March 12, 2009 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....

D&S Mfg. qualifies for development incentives Published: March 10, 2009 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...

U.S. machine tool demand falls to record low in January Published: March 9, 2009 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,...

Hiring expectations down again in March Published: March 6, 2009 Hiring expectations in the manufacturing and service sectors' will continue to diminish in March as an already anemic labor market will provide...

ISM: Manufacturing sector activity fails to grow for 13th consecutive month Published: March 2, 2009 Economic activity in the manufacturing sector failed to grow in February for the 13th consecutive month, and the overall economy contracted for...

Durable goods orders down 5.2 percent in January Published: February 26, 2009 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...

NAM: Competitive auto industry essential to American manufacturing base Published: February 18, 2009 National Association of Manufacturers (NAM) President John Engler today issued the following statement in support of auto manufacturers in...

Deere & Company remains 'solidly profitable' Published: February 18, 2009 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...

Metal formers weigh in on business conditions for next three months Published: February 16, 2009 According to the February 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect tough times to...

HRB prices revisit the bottom Published: February 11, 2009 The bi-monthly SteelBenchmarker™ United States hot-rolled band (HRB) spot price for Feb. 9th dropped 3.5 percent to $554 per metric ton,...

GM to cut 10,000 salaried workers Published: February 10, 2009 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...

U.S. machine tool demand continues decline in Midwest, rises in other regions Published: February 9, 2009 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...

Hiring expectations continue downward spiral Published: February 6, 2009 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...

North American robot orders fall 21 percent in 2008 Published: February 4, 2009 According to the Robotic Industries Association (RIA), North American-based robotics companies reported that new orders sold to North American...

Lincoln Electric announces cost-saving measures Published: February 2, 2009 Lincoln Electric Holdings Inc. today announced actions to lower its fixed and variable cost structure to align its business with the current...

Durable goods orders down fifth straight month Published: January 29, 2009 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...

Chrysler, Fiat announce strategic alliance Published: January 20, 2009 Chrysler and Fiat have signed a nonbinding agreement for a strategic alliance in which Italian automaker Fiat will receive an "initial" 35-percent...

Metal forming companies expect slight uptick in business conditions Published: January 19, 2009 According to the January 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect a slight uptick...

Kennametal to cut 1,200 jobs Published: January 13, 2009 Latrobe, Pa.-based Kennametal, which said that demand for its tools and advanced materials have been hurt by customers' actions to keep...

FMA elects new members, officers Published: January 13, 2009 Jeffrey Knauf, president of Medalist Laserfab, Inc., of Oshkosh, Wis., and Dan McLeod, district manager of A. J. Forsyth in Delta, B.C., Canada...

Machine tool demand falls Published: January 12, 2009 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...

Manufacturing sector economist outlines four steps necessary for rebound Published: January 5, 2009 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,...

Metal formers expect slight improvement Published: December 17, 2008 According to the December 2008 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect business...

HRB price direction continues mixed Published: December 10, 2008 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...

Metal formers expect business deterioration to continue Published: November 20, 2008 According to the November 2008 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect business...

September U.S. machine tool demand up from August, down from year ago Published: November 10, 2008 In a joint report, the American Machine Tool Distributors' Association and the Association for Manufacturing Technology have announced that U.S....

HRB prices plunge 8 to 24 percent Published: October 20, 2008 The SteelBenchmarker™ Chinese HRB ex-works price for Oct. 13 plummeted 23.5 percent to $458 per ton for the second consecutive drop. The...

Metal forming companies anticipating business decline Published: October 15, 2008 According to the October 2008 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect a severe...

Metal forming companies anticipate weaker business conditions Published: April 30, 2008 According to the April 2008 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect business...

Study predicts continued struggle of American automotive industry Published: June 12, 2007 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...

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