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

Galvanized steel prices slip while demand remains flat: HARDI
Galvanized steel prices dipped to ~$48/hundredweight in August from the $50-59/hundredweight range during the month of July.

Mill Steel relocating Texas facility to Port of Houston
Mill Steel Co. announced it is relocating its Houston operations to a bigger facility at the Port of Houston.

Olympic taps Anza for GM role at Connecticut location
Olympic Steel Inc. has promoted Vincent Anza to the role of general manager for its Milford, Conn., facility.

Friedman Industries’ profits jump in its fiscal Q1
Friedman Industries’ fiscal first-quarter earnings nearly doubled from a year ago.

Russel Metals hits recent revenue high as Q2 shipments surge
Russel Metals posted its strongest quarterly revenue in three years, fueled by higher steel prices, steady demand, and near-record shipments across its service center network.