Steel Products
Russel Acquires Pre-Paint Distributor
Written by Tim Triplett
September 6, 2017
Toronto-based Russel Metals, Inc., has acquired Color Steels, Inc., a service center that processes and distributes pre-painted metals from facilities in Thornhill, Ontario, and Laval, Quebec.
David Sanderson will continue as president of Color Steels, along with the current management team. Color Steel’s revenues for the last year totaled approximately $45 million.
“This unique opportunity allows us to grow our Canadian service center footprint through the acquisition of a profitable, well-run company. The acquisition of Color Steels expands our Canadian service center product offerings into processed pre-painted flat-rolled product,” said John Reid, Russel president and COO.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.
CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]
Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.
OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.