Service Centers

Letnich Joins Union Partners as COO of Contractors Steel
Written by Sandy Williams
January 15, 2019
Union Partners, a full-service metals and logistics company, announced that Steve Letnich will join the company as Chief Operating Officer of Contractors Steel, effective immediately.
Letnich has held several leadership positions in his 25 years in the steel and metals industry including those at Outokumpu, Castle Metals, Central Steel & Wire and Worthington Industries.
“We couldn’t be more excited to usher in a new era for Contractors Steel by welcoming a seasoned leader like Steve to the team,” stated Chris Sekella, EVP-U.S. Operations for Union Partners. “There are tremendous growth opportunities that lie ahead for the company. Steve’s reputation, proven track record and experience in the industry positions Contractors and their customers to capitalize on these opportunities and realize even more success in the future.”
Letnich succeeds Marc Bokas who has retired from Union partners after 40 years in the metals industry.

Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers

Friedman’s profits tick higher on record quarterly sales volumes
Friedman Industries' earnings increased in its fiscal fourth quarter ended March 31.

Worthington expands European presence with closing of Sitem deal
The Ohio-based steel processor is now the majority owner of Italy's Sitem Group, which has six manufacturing sites across Italy, Switzerland, Slovakia, and France.

Klöckner narrows Q1 loss, targets growth in North America and Europe
Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.

Russel mulls buying US service centers despite Q1 profit dip
Russel Metals’ earnings slipped in the first quarter, but the company is still eyeing service center acquisitions in the US.

Olympic Steel earnings slump in ‘challenging’ first quarter
Olympic Steel’s earnings slid in the first quarter as the steel industry faced a “challenging” economic conditions.