http://SteelFabrication.industrysearch.com steel fabrication carbon steel fabrication steel fabrication parts structural steel fabrication steel mold frame fabrication stainless steel products fabrication steel panel sheet metal fabrication CHARLOTTE, N.C., June 12 /PRNewswire-FirstCall/ -- Nucor Corporation (NYSE:NUE) has announced that its wholly owned subsidiary, Harris Steel, Inc., has signed a Purchase Agreement to acquire all of the issued and outstanding common shares of Ambassador Steel Corporation ("Ambassador"), based in Auburn, Indiana, for a cash purchase price of approximately $185,000,000. The transaction will also include the shares of Ambassador's affiliate, Delta Erecting, Inc. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=14547%2etxt Think big. Transformers big. Because when it comes to satiating the world's inexhaustible demand for infrastructure, small won't cut it. More than ever, processors within the mining, mineral and aggregates industries are taking advantage of economies of scale by equipping their mills with mega-sized grinding tables, roll crushers, kilns, and material handling systems--all in an effort to make big money off big demand. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=13224%2etxt Columbus, Ohio -- Lieutenant Governor Lee Fisher has announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for businesses involved in location or expansion projects that, if located in Ohio, are expected to create at least 1,242 jobs, and retain 1,144 positions for Ohioans. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=14226%2etxt Moro Corporation (OTC:MRCR) today announced that it has acquired J & J Sheet Metal Works, Vestal, New York. J & J fabricates and installs commercial grade sheet metal products used in the heating, ventilating and air conditioning (HVAC) industry http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=13581%2etxt AIC Ventures has completed a sale leaseback transaction with Brown Steel, LLC, a fabricator of structural and plate steel products for commercial and industrial customers. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=12598%2etxt Rockford, Ill. (Vocus/PRWEB ) June 6, 2008 -- The Fabricators & Manufacturers Association, Intl. (FMA) and the Tube & Pipe Association, Intl. (TPA) seek applicants for two industry awards. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=14533%2etxt Frankfort, Ill., - FKM-USA, a fabricator of industrial roll products, has announced its new rotary casting process, which is based upon the application of highly reactive multiple-part urethanes directly onto a rotating roll core to create a solid roll cover in a matter of minutes. Because it eliminates the need for conventional poured molds and a secondary curing process, rotary cast rolls can be delivered in days instead of weeks, months or more. Further time and cost savings can be realized as rotary casting lends itself to coating the roll without having to first move the bearings from the roll journals. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=14532%2etxt COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Industries (NYSE:WOR) today announced that its subsidiary, Worthington Integrated Building Systems (Worthington-IBS), has acquired the assets of Sharon Stairs, a designer and manufacturer of steel egress stair systems for the commercial construction markets. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=14508%2etxt FRANKLIN, Indiana - Precision Cutoff LLC, an Ohio-based provider of metal cutting and finishing services to the industrial, automotive and lawn and garden markets, will locate a new machining operation here, creating 47 new jobs by 2012. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=14466%2etxt MAG Cincinnati announces the creation of a new Composites Automotive Business Unit, directed by Daniel Allman, a 21-year veteran of automotive composite programs. The new unit will focus on supplying process expertise and automated equipment solutions to composite applications and manufacturing systems ranging from Class A body panels to structural components. Allman brings to the position experience in plant management and engineering leadership. He has been involved in composite applications for the C4, C5 & C6 Corvette, Cadillac XLR, Dodge Viper and Ford T-Bird Removable Hard Top, among others. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=14432%2etxt FORT WAYNE, INDIANA, – Steel Dynamics, Inc. (NASDAQ-GS: STLD) announced first quarter 2008 net income of $143 million, or $0.72 per diluted share, reflecting the company’s recent two-for-one stock split ($1.44 per diluted share on a pre-split basis). Net income increased 40 percent and net sales more than doubled to $1.9 billion, compared to the first quarter of 2007. Comparing first quarter 2008 results to the fourth quarter of 2007, net income grew 46 percent and net sales increased 31 percent. First quarter 2008 results benefit from the company’s acquisitions of The Techs (July 2007) and OmniSource Corporation (October 2007). All per-share figures reflect the company’s two-for-one-stock split effective on March 19, 2008. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=14327%2etxt Industry watchers hope the sale of one of the leading U.S. scrap companies leads to more price stability of products like flat-rolled metal. Steel product maker Nucor Corp.(NYSE: NUE) , based in Charlotte, North Carolina, recently signed a $1.44 billion deal to buy Cincinnati-based The David J. Joseph Company, which processes scrap, brokers raw materials and operates the largest private railcar fleet in the hemisphere dedicated to scrap transportation http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=13985%2etxt Economists say the collapse of the housing market, the credit crunch, falling consumer spending and high fuel prices will continue to drag on the overall economy and lead to a rocky ride for many shops this year. A leading industry indicator, The Institute of Supply Management (ISM) PMI, weakened to 47.7 percent in December, ending 10 consecutive months of growth. The tipping point for the index is 50, with readings below signaling a contraction in manufacturing. Although the index stayed above 50 most of the year, December marked the sixth straight month it posted a decline. “Industries close to the housing market appear to be struggling more than others and those involved in exports seem to be doing better,” said Norbert Ore, chair of ISM’s Manufacturing Business Survey Committee. “Slower demand appears to be more of a problem than excessive inventories.” http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=13918%2etxt ELKHART, Ind. – M-Tec Corporation, a developer and manufacturer of steel frames and components for the recreational vehicle and industrial markets, will expand its operations here, creating more than 40 new jobs. http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=13875%2etxt Cleveland – For fabrication shops looking to dramatically enhance welding productivity on small- to medium-sized parts, The Lincoln Electric Company offers its eCell™ dual fixed table robotic cell. The eCell pre-engineered system is designed to provide a flexible automation layout that delivers consistent and predictable production for small parts lots or exceptionally high part production volumes http://SteelFabrication.industrysearch.com/cgi-bin/portal2/main.plx?file=13768%2etxt