Steel Products
Reliance Completes Acquisition of All Metals Holding
Written by Sandy Williams
November 4, 2018
Reliance Steel & Aluminum Co. announced the completed acquisition of toll processor and transportation/logistics company All Metals Holdings, LLC. It is the third acquisition for Reliance in 2018.
All Metals includes operating subsidiaries All Metals Processing & Logistics, Inc., and All Metals Transportation and Logistics, Inc. AMPL, headquartered in Spartanburg, S.C., with an additional facility in Cartersville, Ga., specializes in toll processing for automotive, construction, appliance and other diverse end markets. AMTL provides value-added transportation and logistics for metal products from six strategically located terminals throughout the southeastern United States.
All Metals’ combined net sales for fiscal year 2017 were approximately $26 million. Terms of the transaction were not disclosed.
{loadposition reserved_message}
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Active rig counts slipped in US, Canada
Drilling activity slowed in the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.
OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.
Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
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 […]