Sutor Technology Group (TORZ) & Insteel Industries (IIIN) Financial Research | Spiral Carbon Steel Pipe

“Although we did not have any job commitments for the tube laser, we were confident about our decision. We knew automation would give our company a competitive advantage compared to the labour intensive, manual methods of processing tube and sections that our customers are using. Plus, there are other hidden costs in multiple processes. Each operation, especially if it’s a manual one, creates more possibility for processing inconsistency. Inconsistencies in processing affect downstream operations. If you set up for one size part and the next one is slightly different, you need to take time to adjust for the difference. The tube laser is a smart way to process tube and open sections efficiently, more accurately with consistent quality, reduced lead times and greater throughput. All of this means higher profits for us and our customers,” said Stuart.

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13 – Pope Francis accepted the resignation of West Virginia Bishop Michael Bransfield and authorized an investigation into allegations he sexually harassed adults. The move was announced just ahead of an audience with U.S. church leaders over an abuse and coverup scandal roiling the Catholic Church.

17 – Serial rapist and killer Paul Bernardo told the National Parole Board that low self-esteem drove him to commit his horrific crimes and that he no longer poses any threat to the public. Bernardo’s pitch for parole was turned down by the panel hearing the case after just 30 minutes of deliberation.

In addition to the sale proceeds, Group Five will receive a cash distribution of at least R25-million, being its share of the cash available in the joint venture in excess of the minimum working capital required.

9 – American U.N. Ambassador Nikki Haley announced she was resigning after two years. She gave no reason and denied speculation that she would return to government or politics.

To account for Rives' transfers to his personal accounts, Rives & Associates prepared tax documentation indicating that the $90,000 transfer, which was broken into monthly payments, was payment for the firm's services, though Potts alleges that no services totaling that sum were conducted in that year. The other two transfers made by Rives were never documented on Steel Tube’s tax returns, Potts said.

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VOESTALPINE AG/ADR has a market capitalization of $5.70 billion and generates $15.09 billion in revenue each year. The company earns $933.94 million in net income (profit) each year or $1.03 on an earnings per share basis. VOESTALPINE AG/ADR employs 51,621 workers across the globe.

After an initial idea is formed, two critical tasks need to be completed: a project justification study and a patent or literature search of previous work in the field prior to embarking on any development program.

The company’s origins stem from TW Profile Services, an Ekurhuleni, Gauteng based company whose services include laser cutting, profile cutting, plasma cutting, guillotining, rolling and bending, which has been in operation since 1994. The shareholders include Managing Director Tharin Stuart, Director Joost Smuts and Director Robbie Carelse who oversees production and logistics.

Berg does the same test that homeowners can do themselves to determine the metal used in their service line. Hovering a magnet just over the pipe that enters a house from the street does the trick. If the magnet is attracted to the pipe, it’s made of galvanized steel and could contain a lead lining. If the pipe is copper, the magnet won’t be attracted to it.