Steel Mills

Reliance Steel Acquires Fox Metals & Alloys Inc.
Written by Sandy Williams
December 3, 2014
Reliance Steel & Aluminum Co. announced on Tuesday the purchased of Fox Metals and Alloys, Inc. for an undisclosed sum. Fox Metals, based in Houston, Texas, is a steel distributor specializing in alloy, carbon and stainless steel bar and plate products, primarily servicing OEMs and machine shops supporting the oil, gas and petrochemical industries.
“The acquisition of this high quality, customer service-focused company further expands our presence in the oil and gas arena, an attractive and growing market for us,” said David H. Hannah, Chairman and CEO of Reliance.
Fox Metals is a supplier for the Houston/Gulf Coast region and reported net sales of approximately $50.5 million in 2013. Fox’s in-house processing services include saw cutting, plate burning and testing.
Reliance Steel & Aluminum Co., headquartered in Los Angeles, CA, is the largest metals service center company in North America. Through a network of more than 290 locations in 39 states and twelve countries outside of the United States, Reliance provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

CMC Q4 profits rise on improved market conditions
CMC reported higher net earnings in its fiscal fourth quarter on "better market conditions" across its segments.

AISI: Raw steel production drops to multi-month low
After being historically strong for more than four months, US raw steel production fell for a second week.

U.S. Steel sues Algoma over iron pellet shipments
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.

August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.

TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.