Service Centers
Ranger Steel Acquires Heavy Plate Distributor Nance
Written by Laura Miller
October 25, 2023
Ranger Steel Services has acquired the steel operations of Detroit-based heavy plate distributor Nance.
The acquisition includes Nance’s stocking locations in Detroit, Chicago, Houston, and East Liverpool, Ohio.
The headquarters of the new entity, Nance Steel Sales, will be in Houston. Operations there are scheduled to begin on February 1, 2024.
“The synergy created by further perfecting the product ranges offered by both Nance and Ranger Steel, coupled with the additional yard locations nationwide, will only serve to enhance opportunities to our mutual clientele,” Ranger Steel said in a statement sent to SMU.
Houston-based Ranger Steel is a privately owned steel plate distributor with locations in Houston; Tulsa, Okla.; Fort Worth, Texas; and the Los Angeles Basin.
It serves the shipbuilding, oil and gas, mining, industrial construction, and service center sectors, as well as fabricators of heavy plate, vessel and heat exchangers, storage tanks, bridges, electrical transmission, and rail cars.

Laura Miller
Read more from Laura MillerLatest in Service Centers

Jack Biegalski joins Esmark Steel Group as CEO
Jack Biegalski, former president and CEO of American Heavy Plates, has been named the new CEO of the Esmark Steel Group.

Casey to lead Olympic’s manufactured metal products business
National service center chain Olympic Steel has made an internal promotion to fill the newly created role of director of manufactured metal products.

Russel Metals acquiring Kloeckner Metals centers to increase US presence
The seven facilities Russel agreed to purchase are located in Iowa, North Carolina, Georgia, Texas, and Florida.

Klöckner to sell seven US locations to Russel, one to Service Steel Warehouse
German service center Klöckner and Co. has agreed to sell seven of its US locations to Canadian service center Russel Metals Inc. for approximately $119 million, the companies said in press releases on Sunday.

Worthington Steel’s earnings, sales rise in fiscal Q1’26
Worthington Steel saw a strong first quarter to kick off its fiscal 2026 as both profits and sales notched increases.