
McCoy Bolt Works, Inc. was founded in 1948. Originally, the business operated as a contract job shop, primarily supporting the International Harvester plant located in Fort Wayne, Indiana (closed in early 1980s). In the early 1970s, McCoy began to expand into production of large diameter suspension u-bolts for medium and heavy duty trucks. McCoy is privately owned, and the current owners acquired the company in 1987. By the beginning of the 21st century, McCoy Bolt Works became, and continues to be, the largest supplier of suspension u-bolts to original manufacturers of Medium-to-Heavy Duty Trucks and Buses in North America.
Exports at record speed as shredded hits $740/T
Warmer weather and higher prices have produced a bumper crop of obsolete iron and steel scrap, with plenty of hungry overseas melt shops ready to gobble up the metal.
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Wire rod producers go 6-for-7 in import review
U.S. producers of wire rod went six-for-seven in sunset review determinations by the U.S. International Trade Commission, seeing anti-duming and countervailing-duty orders upheld against six countries and withdrawn only against Canada.
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Steel Economics – The Second Perfect Storm?
U.S. economic growth will at some point start escalating again, either sooner due to Federal Reserve easing interest rates, or later as the Housing correction is completed. At that point, steel prices will undoubtedly increase. If economic growth escalates rapidly, special bar quality (SBQ) steel prices could create a second “Perfect Storm”.
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