Steel Products
Union Partners Acquires Canadian Service Center Maksteel
Written by Sandy Williams
April 11, 2018
Union Partners, a Chicago-based, full-service metals and logistic company, announced on Wednesday the acquisition of Maksteel, a service center, toll processor and logistics provider located in Mississauga, Ontario.
Founded in 1970, Maksteel claims to be the first service center in Canada to process advanced high strength steels (AHSS) and martensitic steels as part of its extensive supply of material types and grades. The company offers operational capacity exceeding 700,000 tons of material annually on both a toll and resale basis. Specific capabilities include slitters that can accommodate coil widths up to 75 inches with thicknesses ranging from light (0.010) to heavy (0.625) gauges.
Maksteel also owns, operates and maintains a dedicated transportation fleet, allowing the organization to be a full supply-chain partner to its customers and vendors.
Maksteel joins Union Partners’ growing family of metals and logistics-focused companies, which include Lamination Specialties, Mapes & Sprowl, Cortran, Lee Steel, Berg Steel, Chicago Steel, JIT Steel Service, JIT Steel Transport, Opus Metals and its greenfield development on the campus at Big River Steel. The addition of Maksteel will enable Union Partners to expand its geographical footprint and provide enhanced products and services to better serve its North American customer base, the company said.
{loadposition reserved_message}
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices were flat this week after declining seven of the last nine weeks. Offshore prices have also eroded in recent weeks, though not nearly as significantly as in the US.
Galv buyers less optimistic about short-term market
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.
Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices fell this week, now down seven of the last eight weeks.