Home | Business News | Browse by Publication | M | Metal Center News

Metals industry responds to hurricanes' impact.

Publication: Metal Center News
Publication Date: 01-OCT-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Metals industry responds to hurricanes' impact.(BUSINESS TOPICSS)

Article Excerpt
THE TWIN HURRICANES--Katrina and Rita--that wreaked havoc on residents of the Gulf states in late August and mid-September also created a variety of problems for metals suppliers.

Metals producers and distributors warn that supply levels, deliveries and financial performance will be affected for some time. Most metals facilities shut down by the storms are back in operation, however, and many companies are providing relief for hurricane victims.

Alcoa Inc., Pittsburgh, reported Sept. 22 that "the impact of temporary closure of Alcoa's Point Comfort, Texas, alumina refinery and the Lake Charles, La., anode plant as a result of Hurricane Rita is still unknown, but will be reflected in its third-quarter results."

Northwest Pipe Co.'s third-quarter earnings will be lower than earlier estimates. "A combination of events headed by Hurricane Katrina, related transportation issues and delays at some of our key suppliers are delaying our receipt of critical raw materials" said Brian W. Dunham, president and CEO. The company temporarily closed its Houston facility in anticipation of Hurricane Rita.

"We had expected to report record revenues in this quarter, but instead have had to cut back production temporarily at four facilities" Dunham said.

NS Group Inc. reported Sept. 26 that its finishing facility in Baytown, Texas, was found to be relatively undamaged. Rene J....

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Metal Center News
SteelSalvor.(Brief Article), October 01, 2005
Bohler-Uddeholm Corp.(opened Steel Store)(Brief Article), October 01, 2005
Yarde Metals Inc.(Orange County Choppers Inc.)(Brief Article), October 01, 2005
Correction.(SERVICE CENTER NEWS)(Correction Notice), October 01, 2005
Macsteel USA acquires Alpha Processing.(SERVICE CENTER NEWS)(Macsteel ..., October 01, 2005

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.