Crucible Industries Update

nsm said:
Lastly — and this is important — there are no domestic sources that can atomize the powder needed to make these PM steels. That step has been done overseas by both mills for several years, so that’s not new, but it’s part of why the supply chain will always involve some international logistics.
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Interesting point. So Carpenter doesn't do their own atomization? Had Crucible also outsourced this overseas? Who owns the mills that did this? Perhaps Erasteel or Böhler?
 
So is there such a thing as a fully US made start to finish steel that you can find stamped on the blade and be an ounce more proud buying the knife? Guess I've been naïve buying CPM-various thinking it was about as good as I could get.
 
nsm said:
We wanted to give you an update on what’s happening with our CPM steel supply now that Crucible has stopped melting CPM alloys.

The short version: Erasteel bought the CPM trademarks and intellectual property from Crucible. Erasteel and Carpenter Technologies will be supplying us with the same grades we’ve been buying from Crucible — including MagnaCut, S30V, S35VN, S45VN.... The names may be different, but the quality will be the same or better. They also have proprietary grades that we will be offering too.

We’re expecting our first batch of MagnaCut from Erasteel this month, and another shipment from Carpenter next month. On top of that, we’ve already got several more tons ordered, so we’re in good shape to keep things moving.

That said, we’re going to analyze the first heats from both mills to make sure they’re up to the standards we (and all of you) expect. Once we’re confident in the quality, we’ll be placing larger orders to refill inventory. Lead times look pretty similar to what we’re used to from Crucible, so we don’t see this turning into a long-term supply issue.

One challenge we do have is tariffs, especially on material from Erasteel in Europe. We’re going to do what we can to minimize the cost impact, but we wanted to be upfront about that piece.

Lastly — and this is important — there are no domestic sources that can atomize the powder needed to make these PM steels. That step has been done overseas by both mills for several years, so that’s not new, but it’s part of why the supply chain will always involve some international logistics.

We’ll keep you posted as we start receiving and testing these first heats. Thanks for your support, and if you have any questions, we’re happy to chat.
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Thanks for the updates!

Out of curiosity, do we know what the new names of the steels will be called?
 
Thought this was worth posting here. Recent update from Niagara Specialty Metals:


NSM-X3.png
 
Any chance Crucible will recover as this tariff thing and reorganized trade brings more manufacturing ie increased steel manufacturing here in the U.S.A.
Just wondering.
 
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