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View Full Version : Crucuble steel file chapter 11



M.D.Spencer
06-18-2009, 08:03 AM
http://www.syracuse.com/news/index.ssf/2009/05/update_crucible_materials_corp.html

Big Al
06-18-2009, 08:34 AM
Oh my goodness, where is 416R going to come from now? A lot of jobs going north now.

M.D.Spencer
06-18-2009, 08:39 AM
Syracuse, NY -- The Crucible Specialty Metals plant in Geddes has laid off its workers for one week, according to a union official.

Al Marshall, president of United Steelworkers Local 1277, one of the unions representing workers, said the layoff was announced Thursday. Earlier this year, the plant reported it had 675 employees.

Crucible makes and distributes specialty steel and powder metals. Some of the company's steel is used by the auto industry to make valves and tools.

Some departments have already gone through one- or two-week layoffs, but this is the first plant-wide layoff during the economic downturn, Marshall said.

"It's a sign of the times," he said. "It's been a steady decline since late last year."

caroby
06-18-2009, 09:12 AM
not good........................:(

Donald
06-18-2009, 09:35 AM
Now I guess everyone will run out and start buying up barrels.

stiller
06-18-2009, 03:46 PM
at least 20 barrel blanks for sale, all makes etc. $600 each :D Get em while ya still can before they take the same path as primers.

Big Al
06-18-2009, 03:57 PM
at least 20 barrel blanks for sale, all makes etc. $600 each :D Get em while ya still can before they take the same path as primers.

No primers, no need for barrels.:D

blades
06-18-2009, 04:05 PM
yes there is..... tomato stakes

wolf gray
06-18-2009, 05:35 PM
I talked to a major barrel company early this afternoon and asked him if Crucibles situation would affect his barrel business. He told me there were several foundrys that supply barrels and it wouldn't affect him. He said he never used Crucible because they were so expensive. He buys his elsewhere. So I guess we just have a half a crisis? :D I have a few barrels put back and thought " do I need to pick up a few more?". I thought I might flip a coin to make up my mind, but then I would have to find a coin first! That's a lot of trouble. :p

Best,
Dan Batko

"Where are we going and why am I in this basket?"

bob harrison
06-18-2009, 06:08 PM
Wonder what made them so expensive compared to the competition? Did they produce a superior quality of steel?

M.D.Spencer
06-18-2009, 09:29 PM
I'm more concerned with the decline of the US steel and people it ends up touching. How many Steelmills are left???

Donald
06-18-2009, 11:08 PM
Still its good to know about these things that will or might have an impact on our sport.

JerrySharrett
06-19-2009, 05:24 AM
I'm more concerned with the decline of the US steel and people it ends up touching. How many Steelmills are left???
We should all be concerned about putting our critical industries in Communist hands. But, the Communist are are friends now are they not??

TomD
06-19-2009, 06:12 AM
Crucible also makes some of the best knife blade steel in the world. Their C30V alloy is currently considered to be the most desirable blade steel available. I hope they make it.

Jim Borden
06-19-2009, 07:30 AM
keep in mind what Chapter 11 means--it does not mean the company has gone under or that it is going out of business. They have reorganized their debt and I am sure they will be in a different bargaining position with LABOR.

Steve Lee
06-19-2009, 08:23 AM
We should all be concerned about putting our critical industries in Communist hands. But, the Communist are are friends now are they not??

More like the communists are us!

shawngilleran
06-19-2009, 03:00 PM
I wanted to take a moment to respond to some of the discussion about Crucible so that everyone has all of the facts. It is true that Crucible Materials Corp. filed for Ch. 11 bankruptcy protection on May 6 mostly due to the cliff dive the automotive industry took over the last 6 months. There are currently 5-6 very serious potential buyers and word is that a purchase will happen by the end of July latest. In the mean time, Crucible Specialty Metals division continues to melt all grades, including 416R gun barrel quality, and Crucible Service Centers continues to carry a large inventory of this grade available for immediate release from the Butler, WI warehouse. If anyone would like to call me personally to discuss this situation I would be happy to hear from you.

Regards,

Shawn Gilleran
Crucible Service Centers
Butler, WI
708-404-1151

MColeman
06-19-2009, 04:07 PM
That is, indeed, good news. Not just from a shooter's standpoint but for the very survival of an American business. I pray great success for you.

M.D.Spencer
06-19-2009, 04:39 PM
It's good to hear from someone at Crucible. I don't want any steel mfg. to go away. I just get a little down when I look at the decline of Detroit. Not just the Auto industries, but all the shops. Talk to a guy at Holton. Rich Quigley nice guy. He had a shop and retired. He said that were his shop was located and all the surrounding shops, they could have built a full size plane. Top to bottom, nose to tail. Starting on one end and finished at the other. All those shops are gone.

Cody, from Fox news, made a comment about some of the closed steel plants in Pennsylvania. Great comment! He said "see, these communities can turn around. The made one of those steel factories into a Casino." F'in retarded.

Maybe I'm the dumb one I live in Standish.

Butch Lambert
06-19-2009, 06:39 PM
I personally believe that Crucible Steel is much superior for 416R barrels. I hope that they are around for a long time.
Butch

jackie schmidt
06-19-2009, 06:48 PM
My business has been on the receiving end of numerous Chapter 11 episodes, every time in the not so enviable position as an "unsecured creditor". When you are in this position, the "reconstruction plan" that is submitted might just as well say "your screwed", abiet on a fancy legal letterhead.

I wish Crucible the best. They are caught up in a cascading downturn, not of their own making. But they also have a entire list of "unsecured creditors" who will soon get a simple statement with a fancy legal letterhead saying "you are screwed"............jackie

Don
06-20-2009, 12:31 AM
My business has been on the receiving end of numerous Chapter 11 episodes, every time in the not so enviable position as an "unsecured creditor". When you are in this position, the "reconstruction plan" that is submitted might just as well say "your screwed", abiet on a fancy legal letterhead.

I wish Crucible the best. They are caught up in a cascading downturn, not of their own making. But they also have a entire list of "unsecured creditors" who will soon get a simple statement with a fancy legal letterhead saying "you are screwed"............jackie

As an originating source manufacture, imagine how many times Crucible has been on the receiving end of a Chapter 11 restructured payment schedule..................Don

Frank Green
06-22-2009, 08:35 AM
To All! Shawn has always been a pleasure to deal with and has always been straight with us from day one!!!!!!!!!!!!!!

As far as we are concerned it is business as usual with Crucible and Shawn! He knows our needs and we are ordering more steel as we speak here.

Yes it is a shame how companies like Crucible along with others are caught up in the mess with the auto industry etc.....and with the auto industry filing for bankruptcy and they are not being forced to pay they're vendors etc...it effects us all in ways we normally don't think and the people at the top who make these business decisions in most ways are out of touch with the real world and how they're decisions will impact everyone.

Crucible is flat out making the best gun barrel material in stainless and as far as I know currently the only one in the States making they're material here in the States!

Some other steel suppliers and or barrel makers have been getting material made out of country because it is cheaper but the quality is not necessarily there. This is due to the economy etc.....also.

This whole economy situation weather it be the banking crisis , automotive situation or real estate situation etc....is effecting us all more than we know.

I don't see Crucible going anywhere and they will continue making a top quality product like they normally do!

Later, Frank
Bartlein Barrels

glp
06-22-2009, 10:29 AM
To All! Shawn has always been a pleasure to deal with and has always been straight with us from day one!!!!!!!!!!!!!!

As far as we are concerned it is business as usual with Crucible and Shawn! He knows our needs and we are ordering more steel as we speak here.

Yes it is a shame how companies like Crucible along with others are caught up in the mess with the auto industry etc.....and with the auto industry filing for bankruptcy and they are not being forced to pay they're vendors etc...it effects us all in ways we normally don't think and the people at the top who make these business decisions in most ways are out of touch with the real world and how they're decisions will impact everyone.

Crucible is flat out making the best gun barrel material in stainless and as far as I know currently the only one in the States making they're material here in the States!

Some other steel suppliers and or barrel makers have been getting material made out of country because it is cheaper but the quality is not necessarily there. This is due to the economy etc.....also.

This whole economy situation weather it be the banking crisis , automotive situation or real estate situation etc....is effecting us all more than we know.

I don't see Crucible going anywhere and they will continue making a top quality product like they normally do!

Later, Frank
Bartlein Barrels

interesting info regarding the company. Personally, why would a specialty high end benchrest gun barrel maker want to use anything but the best? God, there are so many variables in this game that I don't know of anyone who buys match grade barrels that gives a hoot if they have to pay a few bucks more for the best. However, until this thread came about, most of us end users don't know the inside story regarding gun barrel steel, where its made and its quality. Skimping on anything in benchrest is a recipe for second best.

When I shop for things in general I 1) try to stay away from WallMart since they are the biggest free market supporter of the Chinese Communist regime, 2) Do my best not to buy anything Chinese and 3) buy American if I can and if I can't, I try to buy from a democratic country. Sometimes I can't, but I try my damndest!! --Greg