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    Market Segment

    September 8, 2021

    Ryerson Acquires SMP to Beef Up Stainless, Specialty Offerings

    Written by Michael Cowden

    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.

    RyersonIt 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

    Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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