Steel Products

NIM Group Adding Processing Line to Colorado Facility
Written by Laura Miller
October 19, 2022
Steel service center NIM Group is adding a new processing line to its Norfolk Iron & Metal facility in Windsor, Colo.
Installation of a new precision cut-to-length line from Red Bud Industries and a hydraulic cassette leveler from Braner USA will begin at the end of this year. Operations are slated to begin in the first half of 2023.
The new line will be capable of leveling and shearing cold-rolled, coated, and stainless steels, as well as aluminum, in gauges from .024” to .250” in widths up to 72”.
NIM acquired the Windsor facility from Plateplus Inc. earlier this year.
The NIM Group is made up of Cd’A Metals, Metalwest, and Norfolk Iron & Metal, and operates 18 locations throughout the US.
By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller
Read more from Laura MillerLatest in Steel Products

US rig count slips, Canada ticks higher
ncreases through September, according to the latest Baker Hughes rig count data.

CRU: EC to toughen steel safeguards
The European Commission proposes cutting its steel import quota by almost half, with volumes exceeding the limit facing 50% duties. The region’s steel industry welcomes the move, while other steel-producing nations fear the consequences. CRU published an insight before this announcement, noting that more restrictive trade policy could significantly raise the cost of marginal supply […]

US and Canadian rig counts stabilize
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.

Plate market sources critique mill hikes amid current market conditions
Following spot market plate price increase notices issued by domestic mills this past week, participants are contemplating the rationale behind the increases and whether they will stick. Some sources anticipate that current market conditions will shift in November and believe the increases may set a new "pricing floor."

Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.