The Effect of a Shutdown
Duggan Drafting Firm Shuts Down
After almost 50 years in business, Chattanooga-based steel drafting company Ted S. Duggan & Sons Inc. closed its doors last week. Don Duggan, the firm’s president, blamed the worst time he had ever seen in the steel fabrication industry. “We’ve closed because of the rotten economy,” Mr. Duggan said. “This industry there is just nothing out there anymore.” The firm had 16 employees. Over the past five decades, the firm provided drafting services for projects around the world, including the Omni Hotel in Atlanta, the Opryland Civic Center, the last skyboxes at the University of Tennessee’s Neyland Stadium and a number of other projects that shaped the skylines of such cities as New York, Chicago, Boston and Dallas.
© Amy Williams 2009 All Rights Reserved
Tuesday, May 5, 2009, 12:00 a.m.
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Work ethics require personal choices to be made; will I or will I not stay with a company? Will I move to this other company that seems to be doing better or will I stay loyal to the company I have been with? Will I keep my business afloat or go for that comfortable loan?
Each individual should carefully evaluate his/her individual options before making a personal decision. Checking your options (by doing your homework on purchasing a steel building for instance) is a good idea and is always something I recommend doing. The above goes to show that even after 50 years in business, a company can go out of business and be gone with the economy the way it is. Ask yourself, had you ever heard of this company before? Could it happen to you?
S.L.M. 5.5.09 @ 10:24
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The Price of Steel – Its Effect
TOKYO, Jan 13 (Reuters) – Japanese steel mills, led by world No.2 Nippon Steel Corp (5401.T), and three big miners including Brazil’s Vale (VALE5.SA) will open talks on 2009 term prices for iron ore this week, a source familiar with the matter said.
Japanese mills will send officials to miners for preliminary talks this week, said the source, who asked not to be identified because of the sensitivity of the issue.
The price talks on term supply for the business year from next April usually start in November in Japan, but have been substantially delayed this year as the steel market has tumbled amid a downturn in the global economy, making demand estimates difficult for both mills and miners.
Japanese steelmakers are expected to call for what would be the first cut in annual prices in seven years amid faltering demand and cutbacks in output, as well as expected strong pressure from Toyota Motor Corp (7203.T) and other carmakers for prices to be slashed on automotive sheet steel, their mainstay product.
Expectations for a steel recovery have gathered momentum in recent weeks as global output cuts tightened market conditions and forced buyers with low inventories to accept price hikes by some producers. [nSEO50718].
In 2008 price talks, Vale negotiated its price first and secured a 65 percent increase from Japanese mills. But Australian producers who settled later managed a nearly 80 percent increase. (Reporting by Yuko Inoue; Editing by Michael Watson)
© Thomson Reuters 2009 All rights reserved.
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What is the effect on our economy today? What will change when the price from steel negotiation takes effect?
We know that the price of steel has changed in the past. We also know this economy has changed in the recent past, for the worse. Those in the steel industry can be sure that with steel prices headed the way they are, this cannot be a good thing for their product. The change also does not necessarily mean a good thing for the consumer either.
With iron ore price talks set to start, one thing is for certain, someone will feel the pinch and many will feel the effect.
S.L.M. 1.14.09 @ 4:09
Add comment January 14, 2009
Steel Car Ports in Educational Settings
Steel car ports can be used in educational settings to protect areas, for play areas or even for bus parking.
A steel carport could be used to house a bus depot area, for bus gas pumps, for housing dumpsters, or employee parking.
Many times educational or school areas need large covered facilities in order to carry on their functions properly.
Even having a covered area of a playground with a metal cover is a nice option for some in the education or school field. Many color options are available as well. Metal covers are a cost-effective way of staying dry, out of the wind, and covered during recess or after school activities or out on the playground. Many sizes are available. Many people are not aware that the ports can be installed on uneven areas or unlevel ground as well.
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SM 11.15.08 @ 1:28 p.m.
Add comment November 15, 2008
Steel Car Ports
See a steel carports VIDEO
Any steel car ports you need to view should be available to residences and businesses nationwide. You should be able to find out where your steel carport can be delivered and set up, right from the internet, at any time.
Steel car ports for sale come should standard with the top and then, at the option of the purchaser, the sides and/or ends can be closed partially or enclosed completely. Yes, you can if you wish completely enclose your carport.
Steel carports should available in 12 gauge or 14 gauge steel framing . Carports be moved at a later date making them portable. Many colors should also be available.
For those applications such as high wind or snow load, certification may be required and a permit may need to be acquired. You local authorities may need to be contacted in order to complete the task. Time may not be on your side, in your opinion, so allow extra time when you plan for a steel carport.
Some people want a warranty with a steel carport, some people want a 30′ or 40′ wide steel carport. Steel carport prices should be easy to get online.
shopping for a steel carport should be easy to do and you can shop before you make your choice.
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SM 10.13.08 2:07
Add comment October 13, 2008
New Steel Garage Installed
Watch a Steel Garage Video Here
Notice how much space this steel garage has inside.
Nice concrete floor for driving inside.
This new steel garage was installed in September 2008. It is 24’ Wide x 55 ’ Long x 11 ’ Leg Height x 15 ’ Peak Height. This steel garage is a great unit for truck storage, multiple car garage, trailer carport or boat storage.
Solid all-steel garages available in twelve or fourteen gauge galvanized steel framing for residential or commercial use. Many find these structures useful for storage in many platforms.
More pictures of this installed steel garage available here.
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SM 10.12.08 @ 11:40
Add comment October 12, 2008
flikr Photostream to be Added Soon
Check Out GPB Inc. On flikr
We will be adding the metalcarports flikr photostream soon.
You will be able to see updated photos on the top right section of our blog. You can see current installations of metal car ports, steel garages, double carports, and more. As the metal installations are being built, the pictures are taken and we put them online so that you can benefit from the visual insight.
Stay tuned for more information soon to come.
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S.M. 9.27.08 @ 9:27
Add comment September 27, 2008
Steel Prices Going Up
The latest thing on the horizon for steel is the rise in steel prices. It seems 2008 will see a continued surge for steel cost.
Prices versus demand is a point some in the steel industry are interested in.
“There have been some announcements that prices would increase by at least 30%…” Michel Wurth, head of ArcelorMittal’s flat steel products in Europe, said.
Steel prices have gone up since the end of last year by 38% and there continues to be a rise in the cost of steel.
The future holds a promise for rising cost, with a push on wait-and-see.
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SM 8.4.08 @ 12:47
Add comment August 4, 2008
Steel Companies and the Economy
Even when the economy is having problems, Steel Pro, a steel fabrication company is expanding, among others in its industry.
This company is building dozens of vacuum chambers that will be used to make silicon chips in China, for use in solar panels.
So for a steel company and for many steel companies, the economy is not an overwhelming problem. The economy can be, for some, what they make of it.
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SM 5.14.08 @ 2:14
Add comment May 14, 2008
New in the Steel Industry
There is a demand for German products which stay true to form and close to home. Despite what we hear from China regarding the steel industry, now we hear something from Germany and the steel industry, as one steel plant shows.
“…Beams and uprights being coaxed into form from steel coils, passing through automated metal forming and punching systems before being maneuvered by robot…” read more here.
The plant is impressive, with beams and uprights being coaxed into form from steel coils, passing through automated metal forming and punching systems.
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S.M. 4.1.08 @ 11:07
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