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ASM awards PM experts

The ASM International Board of Trustees has named two metal spray expects as its award program recipients for 2020.

The awards program recognizes achievements of members of the materials science and engineering community.

The Engineering Materials Achievement Award (EMAA) was presented to Dr Victor Kenneth Champagne and Aaron Nardi, US Army Research Laboratory, Dr Dennis Helfritch, Service Engineering, Dr Ovi Marin, Quantum Technology Corporation, Rob Hrabe, VCR Metal Systems, Chris Howe, MOOG, and Lawrence Binek, United Technologies Research Center for a project covering the development and commercialization of a cold spray helium automated recovery and repair production system.

The Albert Sauveur Achievement Award was given to Sanjay Sampath, distinguished professor at Stony Brook University ‘for identifying impediments to knowledge in thermal spray technology, which led to his developing improved tools for wide industrial adoption of in situ process diagnostics and coating property measurements.’

This story uses material from ASM, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.

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The ASM International Board of Trustees has named two metal spray expects as its award program recipients for 2020.

The awards program recognizes achievements of members of the materials science and engineering community.

The Engineering Materials Achievement Award (EMAA) was presented to Dr Victor Kenneth Champagne and Aaron Nardi, US Army Research Laboratory, Dr Dennis Helfritch, Service Engineering, Dr Ovi Marin, Quantum Technology Corporation, Rob Hrabe, VCR Metal Systems, Chris Howe, MOOG, and Lawrence Binek, United Technologies Research Center for a project covering the development and commercialization of a cold spray helium automated recovery and repair production system.

The Albert Sauveur Achievement Award was given to Sanjay Sampath, distinguished professor at Stony Brook University ‘for identifying impediments to knowledge in thermal spray technology, which led to his developing improved tools for wide industrial adoption of in situ process diagnostics and coating property measurements.’

This story uses material from ASM, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.

Source: https://www.materialstoday.com/metal-industry/news/asm-awards-pm-experts/

Metal

September 2020 housing starts surge 11.1% year over year

September 2020 housing starts in the U.S. got a big boost on a year-over-year basis, the Census Bureau and Department of Housing and Urban Development reported. Privately owned housing starts…

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September 2020 housing starts in the U.S. got a big boost on a year-over-year basis, the Census Bureau and Department of Housing and Urban Development reported.

Privately owned housing starts increased 11.1% in September 2020 compared with September 2019.

The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing metals for 2021 — including expected average prices, support and resistance levels.

September 2020 housing starts up 1.9% from August

Furthermore, September 2020 housing starts gained 1.9% month over month.

Starts reached a seasonally adjusted annual rate of 1,415,000 in September.

Meanwhile, single-family housing starts in September hit at a rate of 1,108,000, or up 8.5% from August. In addition, the September rate for units in buildings with five units or more reached 295,000.

Housing completions up 11.4%

Secondly, privately owned housing completions in September reached a seasonally adjusted annual rate of 1,413,000, or up 15.3% from August.

However, completions rose 25.8% on a year-over-year basis.

Single-family housing completions in September reached a rate of 921,000, or up 2.1% from August. The September rate for units in buildings with five units or more was 480,000.

Pending home sales continue to rise

Lastly, in other housing indicators, pending home sales gained in August for yet another month, the National Association of Realtors (NAR) reported late last month.

“Tremendously low mortgage rates – below 3% – have again helped pending home sales climb in August,” said Lawrence Yun, NAR’s chief economist, in a prepared statement. “Additionally, the Fed intends to hold short-term fed funds rates near 0% for the foreseeable future, which should in the absence of inflationary pressure keep mortgage rates low, and that will undoubtably aid homebuyers continuing to enter the marketplace.”

Pending sales rose for a fourth consecutive month in August, the NAR reported.

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Source: http://feedproxy.google.com/~r/agmetalminer/~3/9ASsFpxtiSw/

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Metal

US residential building permits, housing starts and completions all rise in September

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The US Census Bureau and the US Department of Housing and Urban Development jointly announced that privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,553,000. This is 5.2 percent (±1.6 percent) above the revised August rate of 1,476,000 and is 8.1 percent (±1.8 percent) above the September 2019 rate of 1,437,000.

Single-family authorizations in September were at a rate of 1,119,000; this is 7.8 percent (±1.1 percent) above the revised August figure of 1,038,000. Authorizations of units in buildings with five units or more were at a rate of 390,000 in September.

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,415,000. This is 1.9 percent (±8.8 percent) above the revised August estimate of 1,388,000 and is 11.1 percent (±11.3 percent) above the September 2019 rate of 1,274,000.

Single-family housing starts in September were at a rate of 1,108,000; this is 8.5 percent (±9.2 percent) above the revised August figure of 1,021,000. The September rate for units in buildings with five units or more was 295,000.

Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,413,000. This is 15.3 percent (±11.4 percent) above the revised August estimate of 1,226,000 and is 25.8 percent (±11.5 percent) above the September 2019 rate of 1,123,000.

Single-family housing completions in September were at a rate of 921,000; this is 2.1 percent (±9.0 percent) above the revised August rate of 902,000. The September rate for units in buildings with five units or more was 480,000.

Source: https://www.steelorbis.com/steel-news/latest-news/us-residential-building-permits-housing-starts-and-completions-all-rise-in-september-1169161.htm

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Metal

Steel Dynamics, Inc. reports $100 million net income for Q3

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Steel Dynamics, Inc. announced third quarter 2020 financial results, with net sales of $2.3 billion and net income of $100 million. Comparatively, prior year third quarter net sales were $2.5 billion, with net income of $151 million. Sequential second quarter 2020 net sales were $2.1 billion, with net income of $75 million.

Third quarter 2020 operating income for the company’s steel operations was $144 million, or 17 percent lower than sequential second quarter results, due to metal spread compression caused by lower realized selling values in the company’s flat roll business, mostly related to lagged contract arrangements.  The third quarter 2020 average external product selling price for the company’s steel operations decreased $21 sequentially to $734 per ton. The average ferrous scrap cost per ton melted at the company’s steel mills decreased $7 sequentially to $259 per ton.

In a press release, the company said that as states rescinded shelter-in-place mandates and manufacturing businesses, specifically the automotive sector, restarted, scrap flows dramatically improved in the third quarter. At the same time, domestic steel production increased, resulting in a meaningful increase in the company’s metals recycling volumes and earnings. Third quarter operating income from the company’s metals recycling operations was $15 million, compared to an operating loss of $6 million in the sequential second quarter.  

The company’s steel fabrication operations achieved record quarterly operating income of $39 million, based on record quarterly shipments and metal spread expansion as average selling values improved and steel input costs declined. The steel fabrication platform’s customer order backlog remains strong and is higher than in 2018 or 2019. Customers remain positive concerning non-residential construction projects. 

“The domestic steel demand recovery has been strong, with automotive representing the most meaningful improvement and construction continuing to be resilient,” commented Mark D. Millett, President and Chief Executive Officer. “Flat roll steel spot prices rebounded during the third quarter, as customer inventory levels were extremely low and demand steadily improved. We expect to see continued price strength and customer demand throughout 2020 and into 2021. Our steel mills operated at 85 percent of their production capability during the third quarter 2020, with the flat roll group achieving a rate of 99 percent. This contrasts to the domestic steel industry rate of 64 percent. Our continued market share gains coupled with support from our fabrication and steel processing businesses, reinforced our higher operating rates. In addition, our metals recycling platform provided a competitive advantage in sourcing ferrous scrap to support our steel mills.”

Millet also commented on the capital investment requirements related to the construction of SDI’s new electric-arc-furnace (EAF) flat roll steel mill. The company said the facility is designed to have product size and quality capabilities beyond that of existing EAF flat roll steel producers, competing even more effectively with the integrated steel model and foreign competition, as well as providing a much more environmentally friendly steel production alternative for customers. The company said construction is “going well and remains within our expected project cost of $1.9 billion, with plans to commence operations mid-year 2021.”

Source: https://www.steelorbis.com/steel-news/latest-news/steel-dynamics-inc-reports-100-million-net-income-for-q3-1169160.htm

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