Steel City is out of business - Router Forums
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post #1 of 51 (permalink) Old 05-29-2015, 12:33 PM Thread Starter
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Default Steel City is out of business

It may be old news, but this is the first I have heard of it. This is a post from someone on another woodworking forum...

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Just saw in a woodworker’s Journal survey they were doing that as of 3 31 2015 Steel City has shut it’s doors. understood some in Canadian outfit was moving everything up there but it kinda sounded like it was not going back into production any time soon if ever. I feel for those that have their products as it didn’t say that any support for the products was being offered by the manufacturer guess they are just passing any thing back to the dealers to handle. hope it isn’t true but when someone like woodworker’s journal says it I’m afraid it must be.

wish all the luck possible to those who have any of their equipment.
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post #2 of 51 (permalink) Old 05-29-2015, 01:04 PM
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Yeah, on the other forum there was a spirited discussion about this. What is still puzzling to me is the lack of any indication on the web site. Someone thinking of buying a steel city tool might go their web site and it looks like all is well with the company. I'd be pretty mad if I bought one and then discovered the company was already out of business. I know the retailers have been pretty quiet about the bankruptcy. On Amazon listings, there is nothing about it and a spot check of them shows the 2 year warranty listed.
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post #3 of 51 (permalink) Old 05-29-2015, 01:58 PM
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Originally Posted by MT Stringer View Post
It may be old news, but this is the first I have heard of it. This is a post from someone on another woodworking forum...
I touched on this when I opened the thread on the helical planer a few weeks ago. I was waiting on SC to come out with the newer version of the 40300 when they closed the doors.

The announcement that I saw, didn't have any information, only that as of March 31 they were closed and that the warranties would still be handled through SC. So, they are not leaving recent customers high and dry.

You would think that they would at least take down their website and make a formal announcement. However, I have seen nothing other than a few comments here and there on some of the forums. Not even the "Woodworking Guru's" who blog all over the internet, have said a word.

Why would Amazon even acknowledge the situation and get stuck with stock on hand? Really makes you want to trust them, doesn't it?

SC closing up is really a shame. they had some nice products that were reasonably priced.

Bill
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post #4 of 51 (permalink) Old 05-29-2015, 02:44 PM
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Maybe they're keeping a low profile so distributors can sell off their on-hand stock?
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post #5 of 51 (permalink) Old 05-29-2015, 04:49 PM
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Maybe they're keeping a low profile so distributors can sell off their on-hand stock?
Probably true! However, you would think that this news would be all over the woodworking sites; blogs, vendors, forums...nada, nyet, nine, nothing! No one is officially acknowledging anything is different.

I know this can happen with any vendor, but usually there is some rumor ahead of time that alerts you to the pending change. Nothing came out until a couple of day into April when I came across the announcement.

I can't remember where I came across it, only that I was searching for info on the 403XX planer that was due out in the middle of March looking for an update...that was the first week of April.

I'm sure, that, eventually, you'll see SC products on sale at reduced prices. The question is, who would buy any knowing that you may not be able to get parts for whatever you buy!

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post #6 of 51 (permalink) Old 05-30-2015, 08:35 AM
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Originally Posted by PhilBa View Post
Yeah, on the other forum there was a spirited discussion about this. What is still puzzling to me is the lack of any indication on the web site. Someone thinking of buying a steel city tool might go their web site and it looks like all is well with the company. I'd be pretty mad if I bought one and then discovered the company was already out of business. I know the retailers have been pretty quiet about the bankruptcy. On Amazon listings, there is nothing about it and a spot check of them shows the 2 year warranty listed.
Web site talks about a restructuring....Axiom Tool Group.
From Wood Worker's Journal 'A press event, held one evening during the show, clarified things: Steel City and Axiom Precision have now formed a new partnership called Axiom Tool Group'

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post #7 of 51 (permalink) Old 05-30-2015, 09:01 AM
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Lots of stuff online about SC's demise. Powermatic used to be the Cadillac of tools until they went overseas. I will not buy anything made in China when there is an alternative. Darn shame that we can't make anything in the US anymore but we have allowed politics and greed to take over our marketplace. Sad.......
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post #8 of 51 (permalink) Old 05-30-2015, 11:47 AM
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Not just that, Gary; Government regulations, ie massive amounts of paperwork and redtape have smothered small business. Not the least of the problems are Workers Comp and your EPA ...both business killers.
(I say Workers Comp because of they're huge burden costwise on business; not because of their duty to protect the worker. You can't add 5% t0 10+% to payroll costs without having a huge impact.)
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post #9 of 51 (permalink) Old 05-30-2015, 11:52 AM
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Not just that, Gary; Government regulations, ie massive amounts of paperwork and redtape have smothered small business. Not the least of the problems are Workers Comp and your EPA ...both business killers.
(I say Workers Comp because of they're huge burden costwise on business; not because of their duty to protect the worker. You can't add 5% t0 10+% to payroll costs without having a huge impact.)
It is hard for USA to compete with all these countries that don't take care of their workers.

Herb
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post #10 of 51 (permalink) Old 05-30-2015, 02:50 PM
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It is hard for USA to compete with all these countries that don't take care of their workers.

Herb
The EPA running amok, and energy costs skyrocketing, aren't helping either.
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