Steel Mills

Ryerson Acquires Howard Precision Metals
Written by Becca Moczygemba
September 8, 2022
Ryerson has announced its acquisition of Howard Precision Metals, one of the largest distributors of aluminum in the Midwest.
“Howard has cultivated a strong brand and a reputation for creating excellent customer experiences,” said Mike Burbach, Ryerson’s COO. “Its processing capabilities complement Ryerson’s existing non-ferrous franchise, and we are excited to recognize these synergies as we welcome them to the Ryerson Family of Companies.”
Terms of the deal were not disclosed.
The Milwaukee, Wis.-based aluminum distributor noted its excitement in joining Ryerson. “Its processing capabilities complement Ryerson’s existing non-ferrous franchise, and we are excited to recognize these synergies as we welcome them to the Ryerson Family of Companies,” added Burbach.
Howard Precision Metals was established in 1928 and specializes in aluminum mold plate, wrought plate, cast plate, and extruded aluminum bar stock.
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 US, Canada, Mexico, and China.
By Becca Moczygemba, Becca@SteelMarketUpdate.com

Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Mills

Hot-rolled coil market remains slow, market participants say
Hot rolled spot market participants reported another week of moderate demand and ample supply, with no strong signs that conditions will change next week.

CRU: Blackout knocks out ArcelorMittal mill ‘for months’
Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.

Nippon Steel posts quarterly loss on cost to buy U.S. Steel
Nippon Steel earnings take hit from buy of U.S. Steel.

Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.

ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.