Economy
Fire Knocks Out Steel Technologies’ Pickle Line
Written by Tim Triplett
April 23, 2019
Steel Technologies is assessing the operational impact from a fire early Monday morning that knocked out power and damaged the pickle line and pickle bay at its Ghent, Ky., plant. No injuries were reported from the incident.
State and local officials have confirmed that chemicals used in production were contained in designated storage vessels, the company said. Slitting and warehousing bays and inventory suffered no damage.
“Steel Technologies would like to thank the Gallatin County Emergency Management Agency and the numerous first responder teams for their quick action and guidance,” stated Michael Carroll, CEO and President. “We expect all slitting, shipping and receiving bays to be operational within the week. The pickle line is expected to be down for the foreseeable future and we are addressing that with our customers accordingly.”
The 244,500-square-foot Ghent facility was originally built in 1995 and has over 110 employees. Capabilities include pickling, leveling and slitting of flat-rolled steel.
Steel Technologies, based in Louisville, Ky., is a leading processor of steel and aluminum with a network of 25 operations across North America.
Tim Triplett
Read more from Tim TriplettLatest in Economy
Architecture firm billings remain down in January
Architecture firms continued to report a sharp reduction in billings in January, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.
New York state manufacturing rebounds in February
Business activity in New York state’s manufacturing sector recovered nicely in February after a sharp decline the previous month, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York. The general business conditions index rose 18 points to 5.7. This is a diffusion index, where a positive reading signifies […]
Dodge Momentum Index jumps to record high in January
The Dodge Momentum Index (DMI) rose to a record high in January, according to the latest data released by Dodge Construction Network.
CRU: China hits back with retaliatory tariffs on US
Targets include coal, liquified natural gas, crude oil, and other commodities
ISM: Manufacturing expands in January for first time in years
Following more than two years of contraction, US manufacturing activity rebounded in January according to the Institute for Supply Management.