Steel Mills

Ryerson Buys Ford Tool Steels
Written by Laura Miller
June 2, 2022
Ryerson is adding a Midwestern tool steel processor to its extensive portfolio of companies.
The metals service center group has acquired St. Louis-based Ford Tool Steels (FTS) for an undisclosed sum. FTS processes tool steels and alloys with cut-to-length sawing, plate sawing, and grinding and mill services.
Ryerson believes the sawing and machining capabilities of FTS will be a synergistic fit with another subsidiary, Southern Tool Steel, which it acquired in 2015.
Chicago-based Ryerson currently operates approximately 100 locations throughout the US, Canada, Mexico, and China.
By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller
Read more from Laura MillerLatest in Steel Mills

Op-Ed: Ternium CEO Máximo Vedoya wants a fair future forged in steel
After recently receiving an industry honor on behalf of Ternium, I had the opportunity to reflect and share my vision on the state and future of our industry.

Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.

Nucor cuts CSP by $20/ton, third straight drop
Nucor has lowered its consumer spot price by $20 per short ton, marking the third consecutive weekly decrease.

Nucor reports IT systems breach
Nucor said it temporarily and proactively halted some production operations at various locations.

Cliffs talks DOE funding, blast furnace relining schedule
The future of two projects supported in part by funding through the Department of Energy remains uncertain.