Steel Mills
Ryerson Acquires Apogee Steel, Boosting Fabrication
Written by David Schollaert
March 3, 2022
Ryerson has acquired Apogee Steel Fabrication, expanding the service center’s value-added offerings in a move likened to its purchase of Specialty Metals Processing (SMP) last September. Terms of the deal were not disclosed.
“We see Apogee strengthening Ryerson’s network of value-added service centers in Canada, adding to our processing capabilities and growing our full-service fabrication business,” said Mike Burbach, Ryerson’s COO.
Apogee, based in Mississauga, Ontario, is a full-line fabricator of stainless steel, aluminum, galvanized and carbon sheet, offering shearing, punching, forming and laser-cut processing, in addition to welding and hardware assembly services. The company serves the automotive, construction, transportation and several industrial subsectors.
“We are excited to further grow our business and expand our customer offerings by joining the Ryerson Family of Companies,” said Bob MacPherson, Apogee Steel’s president. “Ryerson’s ‘say yes and figure it out’ culture and commitment to creating excellent customer experiences are a perfect fit for our team at Apogee.”
Ryerson, headquartered in Chicago, Ill., is a leading value-added processor and distributor of industrial metals employing about 4,000 across 100 locations in the U.S., Canada, Mexico and China.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Steel Mills
Nucor lowers 2024 output estimate for Brandenburg plate mill
Nucor has lowered the 2024 production estimate for its Brandenburg, Ky., plate mill due to soft market conditions.
SSAB adjusts output in weak Q3, readies for Q4 rebound
SSAB said lower plate prices in the US were the primary reason for reduced results in the second quarter. With a dismal Q3 outlook, the Swedish steelmaker is adjusting production across its facilities. That includes moving up its annual US mill outage in anticipation of a better Q4. SSAB Americas Revenues in the Americas segment […]
Topalian puts focus on “unfair” trade, eyes USMCA partners
Nucor’s top executive expressed concerns over unfair trade practices, highlighting increased steel imports from Mexico and Canada.
Cliffs sees close of Stelco buy, bottom to steel tags, and Mexico out of USMCA
Cleveland-Cliffs expects its acquisition of Canada’s Stelco to close later this year, which will help the the Cleveland-based steelmaker as a bottom to steel tags nears.
Nucor posts lower Q2 earnings, predicts tough Q3 too
Nucor recording lower second quarter earnings on falling steel prices. And the Charlotte, N.C.-based predicted that profits would be lower still in the third quarter, primarily because of weaker results from its steel mills divisions.