Steel Products
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/4a112212e82ca0b6477cd0a553aec2a4.jpg)
Russel Metals Acquires DuBose Steel
Written by Sandy Williams
February 22, 2018
Russel Metals has announced it will acquire the operating assets and facilities of DuBose Steel in Roseboro and Fayetteville, N.C.
DuBose Steel is a full-line structural steel service center operation with value-added processing capabilities serving customers in the Southeast and along the East Coast. The company posted revenues of $66.8 million in its last fiscal year.
Dubose Steel President Tom Harrington and other members of his management team will remain in place.
The acquisition is a strategic fit for Russel Metals, the second largest metals distributor in Canada, and will allow the company to expand its U.S. footprint, said Russel President and COO John Reid.
“We are very excited to announce that we have entered into this agreement with Russel Metals. We believe our customers will be well-served by this transaction and we are eager to join Russel’s team,” said Harrington.
The transaction is expected to close in the second quarter.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/10/CMC-New-Logo.png)
CMC to open rebar fabrication facility in Ohio
Longs producer and metal recycler CMC plans to open a new rebar fabrication plant in Akron, Ohio.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/steel_trade.png)
US and Mexico take action to curb ‘unfair’ trade
The US and Mexico announced measures on Wednesday to prevent tariff evasion and protect North America’s steel and aluminum industries.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
Final thoughts
First off, we hope everyone had a safe and happy July 4th holiday, with fireworks seen and BBQs attended. Many parts of the country are quite toasty at the moment, signaling that, yes, summer has indeed arrived. And looking at our most recent survey results, the summer doldrums have arrived as well.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/12/Rig_count_pic_3-scaled.jpg)
Active rig counts recover in US, slip in Canada
US drill rig activity moved back up last week after drifting lower for four straight weeks. Meanwhile, Canadian counts slipped for the first time after a seven-week rally, according to the latest data from Baker Hughes.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI: US steel shipments up in May from April, off from 2023
Domestic steel shipments increased in May month over month but have fallen on-year.