Rising Bankruptcy Trends in Metals/Steel
The U.S. metals and steel sector is facing escalating bankruptcies, impacting supply chains and production. BKWire’s daily filings and creditor data help you stay proactive.
How BKwire Protects Your Metal Supply Chain
Suppliers
Spot vulnerable raw material partners early via daily bankruptcy alerts and creditor exposure data, preventing losses from disrupted steel flows.
Producers
Track filings across the supply chain to secure ore and alloy sourcing, enabling swift pivots to alternative vendors and minimizing production halts.
Fabricators
Ensure processing continuity with real-time insights into upstream bankruptcies, protecting just-in-time inventory and delivery commitments.
Metals bankruptcies drastically impact the commodity supply
The collapse of a major smelter or processor disrupts raw material access, breaks contracts, and pushes volatility into downstream sectors. Manufacturers, builders, and energy firms are pulled into turbulence as shipments stall.
BKwire surfaces risks before the markets react
Partners under financial stress can stall containers mid-route, cancel key contracts, and destabilize pricing. BKwire identifies these stress points quickly, giving you the time to redirect sourcing and steady supply chains.
BKwire surfaces risks before the markets react
Partners under financial stress can stall containers mid-route, cancel key contracts, and destabilize pricing. BKwire identifies these stress points quickly, giving you the time to redirect sourcing and steady supply chains.
BKwire Metal Bankruptcy Filings 2023-2025
2023
Number of Filings
Post-pandemic supply chain strains; oil & gas and construction sectors hardest hit.
2024
Number of Filings
25% above 2019-2022 average; steel fabrication and pipe manufacturing prominent.
2025 (YTD)
Number of Filings
Steel supply and metal products doubled; largescale restructurings dominate.
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Recent Metals Bankruptcies
Paragon Industries (May 2025)
Bankrupt
Oklahoma-based steel pipe maker filed Ch.11 amid lawsuits & $45M+ debt; halted operations, cut 400+ jobs, seized owner assets, and plans asset sale impacting energy sector suppliers.
TRB Supply Inc. (June 2025)
Bankrupt
Alabama structural steel fabricator filed Chapter 11 in Northern District of Alabama due to freight recession and $20M liabilities; 50+ employees affected, inventory auctions pending; strains construction timelines and vendor payments in Southeast markets.
Fleming Steel (April 2025)
Bankrupt
Pennsylvania custom steel door fabricator filed Ch.11 over $15M debt from contract disputes; 20 layoffs, idled facilities, and custom part shortages impacting aerospace & military projects.
Recent Medical Bankruptcies
NES Health
Bankrupt
Filed for Chapter 7, leading to liquidation after failing to pay emergency physicians, leaving hospitals understaffed and doctors without malpractice coverage.
Why the Metal Industry Needs BKwire Bankruptcy Monitoring
Threat radar
Spot cracks in alloy supplier networks before they spread
Expansion channel
Capture deals or partner alignments in volatile times
Seamless flow
Integrate Watchlist alerts for zone-by-zone coverage daily
Use Bankruptcy Signals to Stay Out of Trouble
Ensure that you avoid supply chain insolvencies with daily insights