Applied Industrial Technologies to Acquire Suministros Industriales Enol, S.A. de C.V. (14412)
CLEVELAND, May 14 /PRNewswire-FirstCall/ -- Applied Industrial Technologies (NYSE:AIT) today announced it has reached an agreement in principle to acquire Suministros Industriales Enol, S.A. de C.V. and its group of companies. The transaction is expected to close on or before May 30, 2008. Terms were not disclosed.

Composite Advantage Builds New Drop-In-Place FRP Superstructure (14407)
DAYTON, Ohio -– Composite Advantage LLC (CA) has built a new drop-in-place Fiber Reinforced Polymer (FRP) composite bridge superstructure, 22 feet long by 62 feet wide, for Eight Mile Road Bridge in Hamilton County, Ohio. An industry leader in manufacturing large structural composite panels, CA developed its unique, integrated FRP bridge system to give customers faster installation times and eliminate the need for heavy equipment. Hamilton County is the first site in the US to receive CA’s innovative composite bridge product.

Steel Dynamics/OmniSource to Acquire Recycle South (14396)
FORT WAYNE, Ind., May 8 /PRNewswire-FirstCall/ -- Steel Dynamics, Inc. (NASDAQ:STLD) today announced that OmniSource Corporation, a wholly-owned subsidiary of Steel Dynamics, and Recycle South, LLC have executed a definitive agreement whereby OmniSource will acquire the remaining equity interests in Recycle South, one of the largest regional scrap metal recycling companies in the nation. Recycle South was formed in August 2007 by the merger of Carolinas Recycling Group and Atlantic Scrap and Processing. The company is headquartered in Spartanburg, South Carolina.

Cleveland Steel Container to Expand Manufacturing Operation (14394)
Twinsburg, Ohio-based Cleveland Steel Container is gearing up to build a 30,000 square foot addition to its nearby Streetsboro, Ohio manufacturing plant so the company can install a new press line.

Delaware, Ohio-based Greif Acquires Vietnamese Steel Drum Operation (14385)
Industrial packaging manufacturer Greif Inc. widened its reach across Southeast Asia with the recent purchase of steel drum maker Petro-Summit Mechanical Co. in Vietnam.

Masco Corporation Announces Sale of The Heating Group (14368)
TAYLOR, Mich., Masco Corporation (MAS) announced today that it has sold its European based The Heating Group for a price of approximately $155 million to an affiliate of Vaessen Industries, headed by Jos Vaessen. The Heating Group, which has been included in discontinued operations in the first quarter of 2008, consists of Vasco, a leading manufacturer of designer radiators, and Brugman International and Superia Radiatoren, leading manufacturers of steel panel radiators. Combined 2007 net sales of The Heating Group were approximately $177 million.

Auto Parts Manufacturer to Expand Its Headquarters, Manufacturing Center in Franklin (14367)
FRANKLIN, Indiana - Aluminum auto parts manufacturer Casting Technologies Company and its parent, Compass Automotive Group, announced today it will expand its manufacturing and headquarters operations here, creating 40 new jobs.

AK Steel Announces Price Increase For Carbon Steel Products (14344)
West Chester, OH, — AK Steel (NYSE: AKS) said today that it will increase spot market prices for its carbon steel products by $50 per ton for all new orders, effective immediately. AK Steel said that the price increase is in response to increased demand for carbon steel products, as well as the need to recover unprecedented increases in steelmaking inputs.

Department of Commerce Initiates Antidumping and Countervailing Duty Investigations of Circular Welded Carbon Quality Steel Line Pipe from the People’s Republic of China and the Republic of Korea (14340)
The Department of Commerce (Commerce) announced its decision to initiate antidumping (AD) and countervailing duty (CVD) investigations on imports of circular welded carbon quality steel line pipe (welded line pipe) from the People’s Republic of China (China)(AD/CVD) and the Republic of Korea (Korea) (AD).

Steel Dynamics Reports Record Sales and Earnings for First Quarter 2008 (14327)
FORT WAYNE, INDIANA, – Steel Dynamics, Inc. (NASDAQ-GS: STLD) announced first quarter 2008 net income of $143 million, or $0.72 per diluted share, reflecting the company’s recent two-for-one stock split ($1.44 per diluted share on a pre-split basis). Net income increased 40 percent and net sales more than doubled to $1.9 billion, compared to the first quarter of 2007. Comparing first quarter 2008 results to the fourth quarter of 2007, net income grew 46 percent and net sales increased 31 percent. First quarter 2008 results benefit from the company’s acquisitions of The Techs (July 2007) and OmniSource Corporation (October 2007). All per-share figures reflect the company’s two-for-one-stock split effective on March 19, 2008.