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Casteel Reporter
February 15, 2021
Our 2021 steel casting forecast for the market demand was for a slight improvement in the first half of the year with stronger growth toward the year’s end. It looks as though the demand is stronger than that so far this year with more improved demand than anticipated. This raises the question of how we should think and plan for the possibility of a much stronger market in the coming year…
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January 15, 2021
This Casteel Commentary reviews the predictions from last January and makes some guesses about what will happen in 2021. Enjoy!
Steel Founders' Society of America Welcomes Project Engineer
January 19, 2021
SFSA is excited to announce that Caelan Kennedy has joined the company as Project Engineer.
December 11, 2020
Thank you to everyone for their support and participation in the first and hopefully last virtual T&O conference. A special thanks to all of the authors and presenters, the content was spectacular. It is also important to give special recognition to some of the SFSA staff. Rob for handling all of the technical and presentation details for this virtual event, Dave lives and breathes the T&O to make it successful, and the rest of our staff who provide support for the T&O as the highest priority!
November 16, 2020
Steel castings are required for every future envisioned. We will provide the equipment needed for the mining and building and maintaining the infrastructure required for an advanced economy. While there are likely to be some severe economic dislocations to remove excesses embedded by poor policies, steel castings will be demanded in increasing volumes to build and maintain the infrastructure required…
Compass Partners Acquires PRL, Inc.
November 12, 2020
Compass Partners Capital LLC ("Compass"), a Stamford-based investment firm, is pleased to announce the acquisition of PRL, Inc. ("PRL"), a leading manufacturer of high-tech alloy castings. PRL will be combined with Micro Precision Inc. ("MPI"), a Compass portfolio company, to create a best-in-class enterprise serving the United States Navy, nuclear power, and railroad industries. Vice Admiral John Morgan (USN, ret.), currently President & CEO of MPI, will serve as the Chief Executive Officer of the combined platform.
October 20, 2020
The steel casting industry is small and has diverse markets. It serves not the consumer economy selling at Walmart and on Amazon but makes primarily custom engineered parts for capital equipment and consumable parts for mining and manufacturing. The diversity of markets, the small size of the industry, and the lack of large corporate ownership makes commercial and production data difficult to find…
September 17, 2020
Our current situation is difficult, the near future is uncertain, but the industry is likely to have a bright future based on the needs and changes in technology. The Casteel Commentary looks at the impact of electric vehicles (EV) are likely to have on our industry. The need for mining and infrastructure that is essential to the technologies being commercialized will require steel castings. As always, I welcome your thoughts and challenges…
Steel Founders’ Society of America Welcomes Mill and Forging Technology Manager
September 2, 2020
We are excited to announce that Hayley Brown has joined our team as Mill and Forging Technology Manager.
August 17, 2020
Uncertainty. Our current challenge is how to manage the unknown future. As an industry, we in the Steel Founders’ do have an advantage over many if not most businesses…
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