The global steel market is currently producing more than 2,300 million metric tons (MT), yet, global demand is only at 1,500 MT. Furthermore, an additional 352 MT capacity is planned for this year. That’s a lot of excess, and it’s affecting U.S. companies, workers and the global steel market. So what’s going on?
Every business faces the challenge of balancing costs when starting a new fabrication project, and tooling is a major cost consideration.
However, there are a number of ways you can approach tooling arrangements: partial tooling ownership, “free” tooling or amortized tooling. While there are benefits to each option, cost amortization allows you to maintain full ownership of your tooling, which means no hidden fees, just real values.
Need to be convinced? See why amortization is the best choice when it comes to tooling costs.
Headlines like “How to Keep Your Job When Robots Take Over,” and “Industrial robots will replace manufacturing jobs — and that’s a good thing,” only serve to confuse us about the future state of manufacturing. Are robots in manufacturing something to be excited or worried about?
Rapid, effective innovation is crucial for any engineer’s future, but it can be difficult when there is little time to keep up with daily industry news and advancements. Any time saving technique helps.
Luckily, social media offers an efficient way to keep up with industry best practices, breaking news, design competition announcements and more. LinkedIn and Twitter are teeming with resources for engineers, and if you follow the right accounts and groups, your feeds will always be full of information you can digest on the go.
Read on to discover the most fruitful engineering Twitter accounts to follow and LinkedIn groups to join so you never fall behind.
When it comes time to reducing production costs or increasing profit margins in metal product manufacturing, the responsibility may fall to the manufacturer’s engineering team to determine how best to cut product costs without sacrificing quality and structural integrity.
“Let’s schedule a brainstorm meeting to come up with some new ideas.”
How many times have you heard this phrase? We’ve all been subject to brainstorm meetings, and often the result is a lackluster, unfocused plan. Why does this happen?
With fewer internal resources and smaller engineering staffs, many manufacturing companies are now seeking outsourced partners to help them enhance engineering activities so they can concentrate their internal bandwidth on core competencies.
Roll forming is often viewed as a cost-prohibitive process for metal fabricators. Typically, metal fabricators turn to stamping, press braking and extrusions for their needs, and roll forming is cast aside without consideration.
Yet roll forming can be the most cost-effective method to achieving a quality product. Roll forming has the ability to reduce your product’s weight, simplify design and cut secondary fabrication needs that can be handled inline.
Even if you’ve never designed for roll forming, it may be time to consider what its capabilities can do for your bottom line. This roll forming guide has everything you need to determine whether roll forming is your best option, manage costs and take the next steps in designing a roll formed product.
Roll forming can seem like an overwhelming process to design for, if you’re used to stamping, press braking, extrusions or other techniques. The truth is, it can actually open up new doors to creativity—and cost savings.
Struggling to stretch the budget for your next metal fabrication project? We get it. It’s expensive, between the cost of tooling, labor and sheet metal. There’s a lot of pressure to keep costs down and ROI high.
Your choice of a metal fabricator could be the solution to decreasing your metal fabrication costs while retaining a high-quality product. Below are four ways your metal fabricator can lower your costs, contribute to sales growth, improve profit margins and optimize your cash flow. If you choose the right partner, that is.