AZZ Inc. recently announced it is shaking up the duties and roles of two executives involved in its Precoat Metals segment. Kurt Russell, Precoat’s current chief operating officer and former president, is moving into a senior vice president position within AZZ Inc. into the newly created role of chief strategic officer. “We are excited to […]
BlueScope Steel is progressing on its expansion plans for the US market. Those plans include lifting the capacity of its North Star sheet mill and setting up a greenfield metal coating facility in the Midwest.
AZZ Inc. said it is seeing improving demand for its coil coating services as it reported a solid quarterly performance.
AZZ – Precoat Metals has announced the promotion of Jeff Vellines to president of the company.
Azz Inc. swung to a profit in its fiscal second quarter of 2024 as its metal coatings business was lifted by infrastructure spending.
AZZ Inc. reported an 18% increase in net income in its fiscal first quarter of 2024, driven by a strong performance in its Metal Coatings business and by a full quarter with its Precoat Metals acquisition. The Fort Worth, Texas-based galvanizer and coil coater posted net income of $28.5 million in its fiscal Q1 ended […]
Independent hot-dip galvanizer and coil coater AZZ Inc. achieved record sales in the second quarter (ended Aug. 31) of its fiscal 2023 year. The quarter was the first to include results from Precoat Metals, whose acquisition was completed in May of this year. Total Q2 sales reached $406.7 million. This includes record sales of $165.8 […]
Like the mills, service centers enjoyed robust returns in 2018. With one quarter in the books, it appears this year is setting up to be more challenging. Steel Market Update has recruited three of the industry’s top distribution execs to share their perspectives on steel demand in 2019 during SMU’s Steel Summit Aug. 26-28 in […]
Like the mills, service centers enjoyed robust returns in 2018. With one quarter in the books, it appears this year is setting up to be more challenging. Steel Market Update has recruited three of the industry’s top distribution execs to share their perspectives on steel demand in 2019 during SMU’s Steel Summit Aug. 26-28 in […]
Sherwin-Williams has announced a 6 percent hike in the cost of paint effective in March, upsetting customers in the prepainted steel and aluminum market. “There is no justification for this paint increase,” said one coil coater. “Oil prices are at their lowest level in years.” Sherwin-Williams raised prices twice last year when oil prices were […]
With the notable exception of AkzoNobel, leading suppliers of paint and coatings to the prepaint market have announced price hikes of 5-7 percent, effective in January. And some coil coaters and their customers are not happy about it. One prepaint buyer who closely tracks raw material costs questions whether the current hike is justified. “While […]
A few months ago I wrote a series of articles on coil coated painted steel. In the last week, the main suppliers of paint for this industry in the US have all announced price increases. I thought it might be a good time for a few follow up articles. Buyers of coil coated painted steel […]
Editor’s note: Leading paint suppliers have announced price increases effective in January, which will impact the market for prepainted steel and aluminum (see related article). The following SMU Steel Buyers Basics article authored by Mario Briccetti and reprinted from March 2014 explains how the cost of the paint calculates into the cost of prepainted products. […]
Just like in steel, paint companies and coil coaters work best with customers with whom they have a relationship, companies who clearly understand their needs and are consistent in their tonnages as well as the way they conduct their business. In order to establish this kind of a relationship a buyer should understand the […]