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President Clinton signed a law authorizing a $1.5 billion loan program for steel, oil and natural gas companies that have been hard-hit by depressed prices.
A study indicates that, while cost efficiencies are still a high priority with procurement professionals, an inability or unwillingness to effectively use new technology has resulted in a stall in achieving those goals.
The online marketplace MetalSite announced eight new sellers, all service centers. The company also announced that initial testing of a steel-products catalog was successful.
PVF master distributor Ta Chen plans to appeal a July decision by the Department of Commerce to impose a 32% antidumping margin on welded stainless-steel pipe imported from Taiwan between June 22, 1992, and Nov. 30, 1994.
Canadian master distributor M.A. Stewart & Sons has established an office and warehouse in Charlotte, N.C. The facility will function as a master distributor of commercial and industrial valves for all industries.