• Skip to main content

    Distributors/Service Centers

    December 15, 2020

    Contractors Steel Buys Borrmann Metal Center

    Written by Sandy Williams

    Contractors Steel Company, a Midwest-based service center operated under UPG Enterprises, has acquired family-owned Borrmann Metal Center, a light structural and specialty metal service center based in the Los Angeles area. Borrmann has two California locations with more than 200,000 square feet of warehouse space and a fleet of 15 trucks. Borrmann offers a wide selection of metal products, including carbon steel, aluminum, stainless steel and specialty alloys.

    “The acquisition of Borrmann represents a significant milestone for Contractors Steel and UPG,” said Steve Letnich, Chief Operating Officer of Contractors Steel. “Not only does Borrmann expand our footprint into the West Coast and Southwest markets, but also serves as a perfect complement to our existing Phoenix facility—creating a singular network of inventory, value-added processing and logistics. Together with Borrmann, Contractors Steel will now offer a wider range of heavy structural and metal products to better serve customers in the greater Los Angeles, San Diego, Las Vegas, Phoenix and surrounding markets. Our entire UPG and Contractors Steel family looks forward to working with our new teammates to profitably grow our southwestern business.”

    Sandy Williams

    Read more from Sandy Williams

    Latest in Distributors/Service Centers

    SMU Profile: Worthington’s Gilmore speaks on ‘tough’ market, Kloeckner integration

    Worthington Steel Chief Executive Geoff Gilmore said this is the toughest steel market he's seen in his nearly three decades in the industry. Gilmore, president and CEO of Columbus, Ohio-based Worthington Steel, recently spoke to SMU about the progression of the company’s acquisition of Germany-based Kloeckner & Co, as well as trends he’s seeing in the market and in the service center space. “I've been in the business for 28 years, and this is the toughest market that I've encountered,” Gilmore told SMU. He cited factors such as stretched lead times, mill consolidation, maintenance outages, and very limited imports affecting availability.

    SMU Survey: Buyers push price peak expectations later despite competitive imports

    Buyers in SMU’s latest Flat-Rolled Steel Survey increasingly expect hot-rolled (HR) coil prices to keep climbing into year-end and beyond. But competitive import offers have not yet eased concerns about tight availability: most surveyed manufacturers and service centers said foreign suppliers were quoting competitive prices, while many service centers said they were still buying imports to secure additional tons. As of Tuesday, Oct. 27, current spot prices for HR coil range from $1,280 per short ton (st) to $1,330/st, averaging $1,305/st, according to SMU’s market survey. Looking two months ahead, 41% of respondents to our Oct. 28 survey expected HR coil prices to be $1,300-1,349 per short ton (st) in two months, down from 47% in our survey two weeks earlier.

    National Material acquires Arlington Metals, companies see a win-win

    National Material Company has completed its acquisition of Arlington Metals Corp., the companies said in a joint press release. National Materials, a service center based in East Chicago, Ind., said the acquisition of Arlington Metals, a Franklin Park, Ill.-based toll processor, will allow it to serve customers across a broader range of markets and metals. "Arlington Metals is a great fit for us," said Blake Johnson, president of National Material.

    SMU flat-rolled market survey results now available

    The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members. After logging in, look under the Data tab for Market Reports, and there you will find the Flat-Rolled Survey Results section. Previous survey results are also available on that page. If you need help accessing these results, or if your company would like to have your voice heard in our future surveys, contact smu@crugroup.com.