Is Crucible Industries shuttering? And what does chapter 11 mean?.. No hype assessment.

[@CuttingBoardRx]

It is an unsettling news. Feel free to express your thoughts and feelings on this topic.

[@amunderdog]

Many manufacturers have left NY, historical manufacturers. So, one question is, What is wrong with New York?

[@CuttingBoardRx]

@@amunderdog Regulations.

[@DavidV4444]

Liberals.

[@Thepreppersbunkeroutdoors]

Everything

[@bradleyswaney6100]

This is sad news. I hope they find a way to stay open. We need steel plants here in America.

[@CuttingBoardRx]

@@bradleyswaney6100 Deregulation. That’s the key. If I had to guess, running a steel mill in a deep blue state has something to do with the lack of success.

[@bradleyswaney6100]

@CuttingBoardRx Cool. That explains a lot to me. Ty

[@kid5Media]

Excellent overview. Thanks.

[@bobinmontana777]

Steel manufacturing depends on expensive steel components and equipment. I’d be suspect in quality control these last few months. Thanks for the update, CBRx once again providing great, well researched report.

[@CuttingBoardRx]

@@bobinmontana777 I would be more concerned about the equipment condition if the maintenance money dried up.

[@danegavrilovski]

Thanks for the video man. That other knifeyoutuber that have some comolex with metals have no credit in knife guys that are in the hobby more than 4 years. He is making knife adds and comercials.....and he is knifedesigner now, he is on the other side of the knife community. Im happy to see guys like you that are doing their best to make knife content that contains knife testing, and not just AI youtibe video.....thise big channels sounds like AI vidoes for knives sadly. All the best!

[@CuttingBoardRx]

@@danegavrilovski and, to finish your thought, I bet the AI will replace them in 2025-26. Because they don’t change the script, crank out 2 videos per day and never really do anything else with the knives. I unsubbed from one because he started promoting Lansky sharpening systems, which are the absolute worst on can possibly buy.

[@danegavrilovski]

@@CuttingBoardRx buddy, they might be popular in new knife guys, but for us that are here 10+ years into knifes they are unworth to even mention. I dont want to watch knife adds and commertials, and they are on the other side of the community.....seller's/makers side. Keep up with your great work.

[@Sicarius888]

Without Crucible, what steels could replace S30 and S35? VG10, D2, N690, 14c28n seems lower, more budget tier. M390 and CTS204p looks to me like more expensive higher tier. Maybe return of CTS XHP that Cold Steel used?

[@johannessmith1369]

@@Sicarius888 Elmax and Vanax maybe?

[@CuttingBoardRx]

@@Sicarius888 Cold steel and other makers are still using CTS XHP. S30, 35, 45 can be replaced by Nilox, Vanax, and N690. For CruWear good subs are Nitro-V and Z-Wear. CPM 154 = RWL 34, S20V = M390, and brand new Bohler S390 is going to fall between S90V and S110… too many options to recount. MagnaCut is the only serious loss for a balanced steel, but don’t be surprised if something similar comes out of Bohler or Carpenter.

[@Sicarius888]

@@CuttingBoardRx Good to know there are many different options. If you don't count customs and special editions it was almost like there are only S35VN and M390 available. I would also like some more ZDP-189. People says it chips easily or is hard to sharpen, but I had no problems with my old Spyderco in that steel.

[@CuttingBoardRx]

@ Thanks for subscribing!

[@XRKNIFEANDTOOL]

Ztuff and zsomethingorrather were rly good steels and so are some others

[@the_swinging_axe]

Thanks for another helpful video

[@CuttingBoardRx]

@@the_swinging_axe Thanks for watching!

[@dynamicfirearmsinc432]

The whole country you are hearing this all over the place layoffs, out of business etc. . This just happened to me after 26 years my company went out of business and all of the workers never really got payed what we were worth. I know I was just happy to have a job sad how you are seeing all USA companies going out. With all the workers trying to find work starting over again that for sure sucks. Companies wonder why workers have a bad attitude and have no loyalty anymore.

[@tombrown4683]

Thanks for your

[@CuttingBoardRx]

@@tombrown4683 And for your 🤣

[@tombrown4683]

@CuttingBoardRx got interrupted & stray finger (I guess) sent my unfinished comment. Wanted to say appreciate your assessment of Crucible 's options & the insight on Chapter 11. If you got a laugh...it was a happy accident.

[@CuttingBoardRx]

Always a pleasure to hear from you.

[@matthewswan9419]

Thank you for this video

[@CuttingBoardRx]

@@matthewswan9419 Thanks for subscribing!

[@sixsixsix.]

If they were to close completely...does this mean no more CPM steels like s30, 3V, Magnacut, etc.?

[@CuttingBoardRx]

Actually click on my pinned comment and scroll down to one of the replies that talks about this. Apparently, Crucible doesn’t hole exclusive rights to any of these steels.

[@YDfC21]

​@@CuttingBoardRx its the procces patents that are still in effect and are very valuable over 1,000. Crucible was one of the top 10 patent holders in america

[@daver6564]

It’s rarely a good thing when an investment company owns your business.

[@jkn2k]

Prices going to the sky? 😢

[@CuttingBoardRx]

@@jkn2k To the Moon! Or not?

[@bazzzker]

Why?

[@elim7228]

Prices are already very high on most knives, hence they are not selling well. If they did - they wouldn't be going out of business. People are tapped and people don't need a bunch of different super steels on something sitting in a drawer or cutting vanilla ropes lol. How much is a good knife ? 250 dollars. How much is a good axe ? 250 dollars. The amount of work an axe does is incomparable and guess what - no axe ever needs a PM steel. These steels are a marketing gimmick to keep people addicted to buying more when in reality you only ever use a couple of knives that last a lifetime.

[@user-jv4ic8rh4d]

Hey sir, i will have to delay the test of microtech steel hardness. Have a parent that is on the way out. Fell on conc at 81, not so good. My apologies. Also, i picked up a ultratech ZBT S/E full serrated. I need to get rid of due to circumstances. Do you know a website to list on?

[@mrfarts5176]

No problem. Take care of the folks and stop attacking men's rears.

[@msmegs93]

So sad. I hope they can restructure and come out of this.😔

[@Arakeon]

Hi! Can you made some kind of top knives video what you can recommend in terms of price/quality. Bcs yt have a lot of trash “top knives of 2024” videos just to make money from it 😢

[@MedHead1]

Sad news 😢

[@CuttingBoardRx]

@@MedHead1 remains to be seen

[@rhinosaur.]

I'd hate to see Crucible go first for the employees' sake, and second for their products and legacy, particularly in the knife world. I'd guess 95% of my collection is Crucible.

[@DampActionRC]

This is devastating if it comes to pass

[@CuttingBoardRx]

@@DampActionRC it’s happening. Buyers needed. Too bad Musk isn’t into knives…

[@elim7228]

​@@CuttingBoardRx Musk is def into some very high tech steels. Aeronautical stuff depends on some crazy metallurgy. Unfortunately, he would likely just get it from china. Maybe not at 100 percent, but a 96 at half the price is a no brainer for such individuals.

[@CuttingBoardRx]

@ Chinese metallurgy is not always reliable. FAA regulations require some serious materials certification and strict batch tracking so it won’t be easy to use Chinese steel. That’s why there are no Chinese-made airplanes on international routes.

[@bigglock5478]

Unfortunate if this comes to pass but I bet Bohler are licking their chops

[@yeetee2781]

I just made a order for 100 cpm knives so im good. I wont see the drought 😂 i used my savings

[@CuttingBoardRx]

@@yeetee2781 you should order 100 more, use your kids college fund.

[@Brandon-ry4lb]

Everybody talking about how sad it is needs to start asking why this is happening and I could be wrong by saying this but it’s my beliefs that the lack of support of US companies is what’s killing our industry.Yall keep listening to influencers to buy knives from china and they are flooding the market with dirt cheap prices because of pretty much slave labor acts they have.Also they look pretty and have 15 different ways of deployment with t8’s and a deep carry clip but are they really what they say they are? Is it really m390? Even more importantly is it heat treated well? Also do you feel comfortable giving your money to a country that absolutely hates the USA? You can do as you please but will not buy Chinese knives and do my very best not to buy anything else from china as well even know that’s very hard to almost impossible to do

[@CuttingBoardRx]

@@Brandon-ry4lb Visualize an elephant. Then visualize a pimple on that elephant’s butt. That elephant is the sum of US industries that consume steels. The tiny little pimple is the knife industry. Next. Why are people buying imported knives? Companies like Medford and Benchmade, by charging 5-6 times more for their mediocre products than their worth created the opportunity for other countries to make profit in this country. On the topic of slavery, if you’re paying a mortgage to a bank and getting medical insurance through your employer, ask yourself this: are you a truly a free man? I know I can’t quit my day job, what does it make me?

[@JohnDoe-zb7dz]

Unions simply can't compete with slave labor countries. Plus, to many knife content creators on YT promoting this slave labor market. I bought over 10 Syderco CPM knives alone this year and a few other brands with CPM.

[@Edcreviewer]

I have zero doubt that a buyout and restructure will happen. Crucible isn't going anywhere.

[@CuttingBoardRx]

@@Edcreviewer Hopefully. But you know, key to happiness is lowering your expectations. Let’s keep our fingers crossed though. I was just starting to like MagnaCut…

[@Edcreviewer]

I'm most definitely not a production magnacut fan but on the custom heat treatment end of things I love it and enjoy working with it. I don't know their debt situation so of course we really have no idea if a buyout will happen or not but I fully expect it to in fact I wouldn't be at all surprised if spyderco doesn't look at buying them out or at least buying the IP. I'm pretty sure that crucible will still be around come April. As you put it with the "this dick trying to cause a panick buying situation of Spydercos" you couldn't be more right, that is exactly what that dick is doing he wants them link clicks. As you said curcible or not companies like spyderco and Benchmade aren't going to be all the sudden out of stock of everything because of not being able to get steels they will find work with other steels and keep it moving. Prices will inflate because of it but that's part of the game we play but you tubers that are trying to create a panicking of their watchers to buy buy buy shows just how shitty some of the tubers are and just how selfish and it's sad that most people can't see it... With all that said, I'm not concerned with the thought of crucible being a thing of the past I fully believe a buyout and restructure will happen and I use their steels in knife making so part of my income could be affected by it yet I'm still fairly confident that CPM will pull thru this. I will definitely hurt the knife industry if they don't but other manufactures will step in it just may take some time. One thing we can bet on, there will still be plenty of high performance powder steels for us steel nerds to enjoy.

[@GratefulLoC]

@@CuttingBoardRx For what it's worth, Larrin has confirmed that Crucible does not have exclusive rights to Magnacut. He commented on the thread made by Niagra Steel that it would be available for production through 3 or 4 other US steel companies that are preparing to fill the void, if needed. I think the only composition that is still held exclusively by Crucible is S110v but that patent will run out in April of 2025.

[@CuttingBoardRx]

Could you please send me a link to the thread you’ve mentioned?

[@GratefulLoC]

@@CuttingBoardRx I'm not sure KZbin will allow me to post the full link but if you google "Bladeforums Crucible Industries Update" it should be the first result. Larrin has a lot of comments throughout it and so does Niagara Specialty Metals (username is nsm), the company that handles steel distribution for Crucible/Carpenter etc. If for some reason the thread doesn't come up easily, let me know and I'll email you directly.

[@spencertoolandgrind]

As far as I know. All your gun barrel material comes from them.

[@johannessmith1369]

KUSA all over again, but this time even worse.

[@CuttingBoardRx]

@@johannessmith1369 Except the Russians can’t buy Crucible right now.

[@Aa-ron22]

It’s ok everyone someone will buy it

[@CuttingBoardRx]

Well, apparently Crucible doesn’t have exclusive rights to any of the steels they are producing. The source of this finding is in the replies under the pinned comment

[@Aa-ron22]

@ yeah so no biggie

[@SteelAddicted]

So this is what happens when u have gross mismanagement from the top. The entity that put up the money to buy them the last time has only looked at the comoany as an easy pay day and obviously hasnt been reinvesting the funds back into the company. In this knife market theres no way that they shouldnt have a substainable business model. Same would apply to the other areas of there manufacturing and if those areas werent profitable thats where the fat should have been trimmed. Again this all goes back to the fact that u have an entity running things, not a single person doing what's best for the company. Its sad to see hopefully someone with the funds and the desire to run it right will step in insteed of another investment firm looking for what they hope will be an easy cash cow with little to no involvement on there end. Panic buying will do nothing but inflate prices that r already frankly out of hand. If the business dosent get bought they will sell off the rights to the steel formulas to the highest bidder to pay of the creditors so these steels will still be around although there might be a shortage until manufacturing can resume after everything is settled. There is way to much money up for grabs on the knife end of there business for someone not to take advantage of it once they see their books.

[@elim7228]

How many knives did you buy from them? If it's under 20 the business is unsustainable. Most people never heard of PM steels let alone bought one. Its not just the management, its people's accounts tapped in poor economy.

[@SteelAddicted]

@@elim7228seems like bohler is doing just fine lol. These steel companies sell in huge bulk. Me owning many knives cpm steels has nothing to do with there profits. U need to look at the knife market and steel market as a whole.

[@jhall_edc]

This is terrible wow hope they stay around. I love my American steels.

[@ThisSentenceIsFalse]

The steel tariffs will save them. No worries.

[@CuttingBoardRx]

@@ThisSentenceIsFalse 🤣

[@ArmandoJF33]

I won’t be surprised if a Chinese or Japanese company swoops in to buy them. You can turn those mills into aluminum factories and build the materials for EVs, batteries etc. Stay tuned.

[@CuttingBoardRx]

@@ArmandoJF33 they are not dumb enough to operate an aluminum mill in NY. Too many regulations

[@YDfC21]

​@@CuttingBoardRxthis is incorrect Novellis aluminum mill is located in Oswego Ny about 30min away from syracuse. Large producer for Ford body panels

[@elim7228]

No china buyers happening in the next 4 years. Didn't you get the news lately?

[@wayneanderson991]

This move is how Crucible will eliminate the union structure from their business model IMHO. The intellectual property and processes will be sold off and eventually a new steel company will emerge without union interference. Investors don't want to have to deal with unions and their tactics, can't blame them. It's to bad the employee's have to suffer the consequences but they did make the choice to work under union constraints when they signed on the doted line. Look around, just about every business model that exists in this country today that has unionized labor is in financial trouble. You don't have to look to far, automotive industry, government, postal service, the list goes on and on!

[@Brewhound77]

Yes because private capital exists to strangle every ounce of profit from these companies. Without unions it's a race to the bottom.

[@CuttingBoardRx]

@@wayneanderson991 Thanks for opening up this can! As a former machinist, I see as many positives to organized labor as negatives. I do believe that a skilled worker should be compensated at a higher rate than a non-skilled one and, when unions do their job, the skill levels are codified. When, on the other hand, corruption sets in, the system falls apart. Based on the recent election, the era of balance may be coming, I’m very hopeful! Keep in mind, without the union members voting the way they did, I don’t think 45/47 would have swept the Midwest. Having been on both sides of the wall, I ask you to be as open minded as you can manage! And keep in mind: yours and mine reasonable, balanced thinking is what the political class is fearing most. MAGA, brother!

[@wayneanderson991]

@@CuttingBoardRx IMHO most union members can see that the union leaders of today are not putting the union members first but instead are using them (union members) as piggy banks or pawns to fund the union agenda instead of the working individuals future well being. Plain and simple there are too many fingers in the pot to support, something has to give. If there is a viable market for the CPM steel from crucible it will survive based on market demand as it should without outside political interference from unions. We can hope for the best.

[@CuttingBoardRx]

@ Excellent point!

[@ThisSentenceIsFalse]

And yet the whole point of buying American is to support American jobs and American workers. You're rooting for the firing of American workers and for us to get paid less. What's wrong with you, bootlicker? Yay, go MAGA, or whatever.

[@misfitkaye]

When people are confident and truly trust in themselves they don’t need to shit talk other people. I hear you take shots at other reviewers often. It makes you look petty and small, not more intelligent or any more informed.

[@CuttingBoardRx]

@@misfitkaye I appreciate you watching the video to the end and commenting. I’m not sure how you came across my channel, but I only take shots at the reviewers that misinform, misrepresent or do something unethical. Feel free to critique my content or grandstand if you rather do that, all comments are welcome.

[@helterskelter156]

Gotta cut it off with the tight tees, dude.

[@yeetee2781]

😂😂😂😂😂

[@helterskelter156]

@@CuttingBoardRx For a middle aged Banderite, one would think you’d keep the estrogen in check and avoid the soy. Tits hanging out like this make you look like a bigger clown that bozo at the circus.

[@CuttingBoardRx]

@@helterskelter156 looks like KZbin hid my reply to you and your reply to that. Too bad. Letting you know it wasn’t me, so that you understand that there’s no way someone like you could ever rattle my cage! I hate censorship

[@helterskelter156]

@@CuttingBoardRx I hate your wardrobe.