Steel Mills
Ryerson Acquires SMP to Beef Up Stainless, Specialty Offerings
Written by Michael Cowden
September 8, 2021
Ryerson has acquired Specialty Metals Processing (SMP) as it looks to expand its value-added offerings and its presence in the stainless arena.
Stow, Ohio-based SMP toll processes stainless steel, aluminum, titanium and nickel alloy products for specialty markets such as aerospace, Ryerson said.
It also offers expertise in buffing, grinding and polishing, the Chicago-based service center said.
Terms of the deal were not disclosed.
“We are pleased to welcome SMP to the Ryerson Family of Companies as a recognized leader in toll processing,” Ryerson President and CEO Eddie Lehner said in a statement.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Trump says US government to control 51% share in USS
President Trump says the US government will hold a 51% stake in U.S. Steel after the Nippon deal.
ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.
USS, Nippon Steel quiet as litigation deadline approaches
There has been little word from U.S. Steel, Nippon Steel, or the White House since President Trump endorsed the companies’ “partnership” on social media and celebrated it at the May 30 rally outside Pittsburgh.
AISI: April mill shipments fall, sheet down YTD
US steel mills saw a decline in shipments from March to April.
Hybar rolls first rebar, ramping up Arkansas mill commissioning
The startup steelmaker produced its first rebar at its greenfield steel mill in Osceola, Ark., marking a key milestone by completing construction in 22 months.