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

Nucor eyes long-term gains amid strong demand and trade enforcement
Resilient demand across its steel product lines, combined with the continued ramp-up of key expansion projects, drove Nucor’s improved financial results and record-setting performance in the second quarter. That’s according to company executives speaking on an earnings conference call on Tuesday.

Three independent, new directors join USS board
U.S. Steel (USS) appointed three new, independent US members to its board of directors, the company announced.

Nucor reports improved earnings, sales, and operating rates
Nucor reported a sharp sequential rebound in the second quarter, buoyed by improved pricing and strong shipments. But the steelmaker is bracing for a modest slowdown in the months ahead.

Cliffs confirms Cleveland furnace restart, Dearborn furnace idling
Cleveland-Cliffs is idling blast furnace, BOF shop, and continuous caster functions at its Dearborn plant, but downstream operations will remain unaffected, the company confirmed. Cliffs said its pickling line tandeom cold mill (PLTCM) and its extra wide automotive-grade galvanizing line for exposed parts will continue operations at the Dearborn, Michigan-based facility.

Nucor spot HR list price unchanged at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil flat this week, following a price cut the previous week.