A new Crucible produces specialty steel

摘要

As a result of the economic downturn and 70 million dollars in debt, metals producer Crucible Materials Corp., Syracuse, N.Y., filed for Chapter 11 bankruptcy protection in May. J.P. Industries Inc., Cleveland, later formed Crucible Industries LLC to purchase the steel making and processing assets of Crucible Materials' specialty metals division mill in Geddes, N.Y., for 8 million dollars in bankruptcy court, according to media reports. The mill primarily made valve steel for the auto industry, stainless steel and compacted P/M for production of HSS and other high-alloy steels for cutting tools and wear parts.