Steel Mills

Worthington Industries Acquires Rome Strip Steel
Written by Sandy Williams
January 16, 2015
Worthington Industries, Inc. announced Wednesday that it has signed an agreement to buy Rome Strip Steel Company, Inc. for an undisclosed amount.
Rome Strip Steel is based in Rome, N.Y., and has a warehouse facility in Walhalla, S.C., Employing 130 people., Rome manufactures cold rolled strip steel primarily for the automotive industry. The companies capabilities include rolling, annealing and slitting a wide range of cold rolled alloy, high carbon, low carbon close tolerance strip steels and various grades of high and low strength alloy steels.
“Rome is one of the best in the industry with a culture similar to Worthington,” said Geoff Gilmore, president of Worthington Industries Steel Processing. “The addition of Rome will expand our ability to process close-tolerance material with custom surface finishes and increase our overall production capacity. This acquisition supports our strategy to focus our growth on high value-added products.”
The transaction is expected to be completed later this month and will expand Worthington’s cold rolled strip steel production capacity to three facilities including Columbus and Cleveland, Ohio. Rome’ posted 2013 sales of approximately $70 million.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

SMU Community Chat: Algoma’s CEO talks prices, decarb, raw materials
Algoma Steel’s CEO Michael Garcia joined SMU Managing Editor Michael Cowden for a Community Chat on Wednesday, Nov. 29. A great discussion was had on topics ranging from plate pricing to decarbonization efforts, raw materials strategies, and more.

U.S. Steel bids due on Friday: Sources
Bids for U.S. Steel are due on Friday, according to sources familiar with the matter. Friday is also allegedly when a non-disclosure agreement (NDA) between Cleveland-Cliffs Inc. and the Pittsburgh-based steelmaker expires.

Worker dies at Nucor Steel Indiana
A contract worker suffered a fatality on Friday, Nov. 24, at Nucor Steel Indiana’s Crawfordsville sheet mill.

USS idles iron, steelmaking ‘indefinitely’ at Granite City Works
U.S. Steel said it has indefinitely idled steelmaking at its Granite City Works in southern Illinois near St. Louis.

Hybar locks in 16 cranes for new Arkansas mill
Hybar's new rebar mill is set to be outfitted with 16 cranes of various capacities, according to a news release from Finnish crane manufacturer, Konecranes.