Distributors/Service Centers
October 25, 2023
Written by Laura Miller
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.
SMU’s latest Flat-Rolled Steel Buyers Survey shows that in a tight US market marked by long lead times, low inventories, and rising prices, foreign products continue to gain the interest of domestic buyers.
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
Service centers and manufacturers report a tight, seller-driven market for galvanized sheet. Lead times are long, deliveries are late, inventories are thin, imports are down, and demand is strong, causing a shortage of galvanized material.
US service centers’ flat-rolled steel supply declined in August, making the marginal gain the month prior an outlier year-to-date. Shipping days of supply slipped to 44.2 in August, according to SMU data.
Carolina Heavy Steel is set to establish heavy steel processing, fabrication, and coating operations in Ridgeville, S.C.