Steel Mills
Ryerson Expands Processing Capabilities, Acquires Excelsior
Written by David Schollaert
November 2, 2022
Ryerson is expanding its value-added portfolio with the addition of a West Coast fabrication and machining company, in a move likened to its purchases of Specialty Metals Processing and Apogee Steel Fabrication over the past 12 months.
The Chicago-based metals service center group has acquired Fresno, Calif.-based Excelsior Inc. for an undisclosed sum.
“Excelsior has built a strong reputation for advanced processing and customer service,” said Steve Bosway, Ryerson’s president, west region. “This acquisition strengthens the Ryerson network of value-added service centers, allowing us to provide better experiences and an extended suite of metal processing solutions for customers in the Western US.”
Excelsior is a full-service fabrication and machining company with advanced processing facilities including machining centers, laser and waterjet cutting, welding, and complex assemblies, the company said in a Nov. 1 release.
“Since 1996, Excelsior has served customers with the equipment and expertise to exceed their expectations,” added Ray Roush, Excelsior’s founder and CEO. “We are pleased to continue that legacy as the newest member of the Ryerson Family of Companies.”
Ryerson, headquartered in Chicago, Ill., is a value-added processor and distributor of industrial metals employing more than 4,000 across 100-plus locations in the US, Canada, Mexico, and China.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Steel Mills
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.
AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.
USW seeks clarity on USS plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.
Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.
ArcelorMittal Mexico to import from sister mills as it works to resume DRI production
ArcelorMittal has partially restarted operations at its direct reduction plant in Lazaro Cardenas, Michoacan. An explosion on Aug. 18 rocked the massive steelworks on Mexico’s Pacific coast, impacting production of direct-reduced iron (DRI).