Steel Products
Stahlschmidt Inc. and Bouchard Group LLC Acquire Esmark Technologies
Written by Sandy Williams
January 23, 2013
Esmark Inc., Stahlschmidt Inc. and Bouchard Group LLC have announced the joint acquisition of Esmark Technologies. Esmark Technologies will provide technical management services across the steel, manufacturing and industrial sectors and will be based in Cleveland Ohio.
Esmark Inc., founded by Chairman and CEO James Bouchard, has strong roots in the steel industry. Current interests include Cleveland service center Independent Steel, newly acquired Yorkville cold-rolled finishing mill and 50 percent interest in Ohio Coatings tin plate production facility.
Esmark Technologies will continue to develop and expand projects in Ohio, including a diversified pipe and aggregates depot and ancillary services to support the Marcellus field demand; a possible tin printing venture; and a coal transfer/blending station and/or shale gas co-generation facility at or near existing Esmark facilities.
Stahlschmidt, a privately held management services concerned with interests in international trading of metals, oil and gas, renewable energy, supply chain management and other services, will own 60 percent of the venture and manage operations.
Bouchard Group LLC is a diversified VC Investment Holding Company with interests in international trading of metals, oil and gas, renewable energy, supply chain management and other services.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products

Domestic mill shipments rise in June: AISI
US steel shipments increased month over month and year over year in June, according to the latest figures from the American Iron and Steel Institute (AISI).

Active rig counts slipped in US, Canada
Drilling activity slowed in the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.

OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.