• Skip to main content

    Market Segment

    April 5, 2016

    Reliance Steel & Aluminum Acquires Best Manufacturing

    Written by Sandy Williams

    Reliance Steel & Aluminum Co. has acquired custom sheet metal fabricator Best Manufacturing as of April 1, 2016. The company will operate as wholly-owned subsidiary of Reliance with current management remaining in place.

    Headquartered in Jones Arkansas, Best Manufacturing provides various precision fabrication services including laser cutting, shearing, CNC punching, CNC forming and rolling, as well as welding, assembly, painting, inventory management and engineering expertise. The company posted sales of approximately $20 million in 2015 serving core customers in trucking, agriculture and energy.

    Sandy Williams

    Read more from Sandy Williams

    Latest in Market Segment

    ArcelorMittal sees N. American shipments flat in Q4 as Calvert ramps up

    ArcelorMittal expects North American steel shipments to be flat sequentially in the fourth quarter, as recovery from Canadian and Mexican disruptions is expected to be offset by normal seasonality and maintenance. The company reported third-quarter shipments of 2.645 million metric tons, down 6.6% sequentially but up 1% year over year (y/y). It attributed the shipment decline primarily to lower long product volumes. North America sales were nearly $3.7 billion in Q3’26, nearly level with the previous quarter but 11% higher y/y. Average selling prices rose 5.7% sequentially to $1,228 per metric ton (mt).

    Algoma lands record steel order for Seaspan icebreakers

    Algoma Steel has secured a contract to supply up to 24,000 metric tons of structural steel plate for Seaspan Shipyards’ Canadian Coast Guard icebreaker program. The agreement, valued at about $182 million Canadian, covers steel for up to six multi-purpose icebreakers, at ~4,000 metric tons per vessel. Algoma will produce the plate, with Stigterstaal Canada serving as the marine steel processing and distribution partner. The order is the largest polar-class steel order in Algoma’s history, according to the companies.