Steel Products
![Kloeckner Metals Logo](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/08/kloeckner.png)
Kloeckner Expands with Purchase of National Material of Mexico
Written by Laura Miller
August 1, 2023
Service center group National Material of Mexico (NMM) is now a part of Germany’s Klöckner & Co. group of companies.
![Kloeckner Metals Logo](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/08/kloeckner.png)
After receiving approval from antitrust authorities, Klöckner’s US subsidiary Kloeckner Metals Corp. completed the purchase of NMM’s 10 facilities located throughout Mexico.
The acquisition allows Kloeckner “to significantly expand its footprint in Mexico and increase its presence where the key automotive and industrial customers are located,” parent company Klöckner said in a press release.
Additionally, Kloeckner customers will now be able to better access electrical steel, the company noted.
NMM specializes in the processing of hot rolled, cold rolled, grain-oriented and non-oriented electrical steels, galvanized, galvannealed, aluminized, prepainted, and other coated metals, serving the automotive, HVAC, home appliance, and motor and transformer industries.
The acquisition of NMM increases Kloeckner’s presence in North America to include 56 locations and around 2,600 employees.
Through the acquisition, “we will further strengthen our position as a leading distributor for steel and metal products and as a steel service company in North America in the long term. From now on, our customers will benefit from an even larger product and service portfolio,” commented Klöckner CEO Guido Kerkhoff.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/02/SMU_LM_headshot.png.jpg-150x150.png)
Laura Miller
Read more from Laura MillerLatest in Steel Products
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/10/CMC-New-Logo.png)
CMC to open rebar fabrication facility in Ohio
Longs producer and metal recycler CMC plans to open a new rebar fabrication plant in Akron, Ohio.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/steel_trade.png)
US and Mexico take action to curb ‘unfair’ trade
The US and Mexico announced measures on Wednesday to prevent tariff evasion and protect North America’s steel and aluminum industries.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
Final thoughts
First off, we hope everyone had a safe and happy July 4th holiday, with fireworks seen and BBQs attended. Many parts of the country are quite toasty at the moment, signaling that, yes, summer has indeed arrived. And looking at our most recent survey results, the summer doldrums have arrived as well.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/12/Rig_count_pic_3-scaled.jpg)
Active rig counts recover in US, slip in Canada
US drill rig activity moved back up last week after drifting lower for four straight weeks. Meanwhile, Canadian counts slipped for the first time after a seven-week rally, according to the latest data from Baker Hughes.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI: US steel shipments up in May from April, off from 2023
Domestic steel shipments increased in May month over month but have fallen on-year.