Economy

Lock Joint Tube to Supply Solar Firm From New Texas Mill
July 21, 2023
Lock Joint Tube will supply steel tubing to solar energy company Array Technologies from a new mill in Texas.
The two companies entered into an agreement for Albuquerque, N.M.-based Array to secure structural-grade steel tubing from Lock Joint, which is based in South Bend, Ind., Array said in a statement on Thursday.
The new mill in Temple, Texas, where Lock Joint Tube has established operations, will use locally sourced steel to produce solar tubing as a response to domestic content requirements in the Inflation Reduction Act (IRA), Array said.
“Lock Joint Tube’s newest mill will provide Array with domestic tubing under the IRA, which our customers are demanding in this high-growth market for utility-scale solar,” Array CEO Kevin Hostetler said in the statement.
“By utilizing domestically sourced steel, Lock Joint Tube enables our customers to maximize domestic steel content, which has become essential to the expansion of clean, renewable energy throughout the country, underpinned by a growing US-based supply chain,” Kevin Marks, president at Lock Joint, said.
A ribbon cutting for the facility was held on June 28 in Temple, Array said, adding that Lock Joint Tube also produces tubing for the company at a steel torque tube mill in South Bend.
A spokesperson from Steel Warehouse, a sister company to Lock Joint, told SMU that the new operations add 37,500 square feet to an existing facility in Texas that now has a total area of 330,000 square feet. Financial terms of the transaction were not disclosed.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Economy
Beige Book finds growing economic, policy uncertainty
All districts reported "hesitancy and a cautious approach to business and household decisions,” according to the Beige Book.

ISM: Manufacturing continues to contract in May
May marks the third consecutive month US manufacturing activity declined, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.

Chicago PMI decreases 4.1 points in May
The Chicago Business Barometer reports that decreases in new orders, order backlogs, and softer production pulled the index down by 4.1-points to 40.5, in May.

Architecture firms struggle through April
For the third month in a row, architecture firms reported a reduction in billings through April, according to the latest Architecture Billings Index release.

House committee blocks GOP budget proposal
The budget proposal has big implications for steel and manufacturing.