Steel Products
Ryerson adds Hudson Tool Steel Corp. to portfolio
Written by Becca Moczygemba
December 5, 2023
Ryerson Holding Corp. announced Dec. 4 that it acquired Hudson Tool Steel Corporation.
The Cerritos, Calif.-based Hudson is a supplier of tool steels and high-speed, carbon, and alloy steels. The company has additional locations in Loves Park, Ill., and Dover, N.H. Terms of the deal were not disclosed.
“Hudson’s offering of high-quality standard and specialty-grade tool steel builds upon Ryerson’s expanding tool steel business,” said Ryerson’s chief operating officer, Mike Burbach in a press release.
Other acquisitions the Chicago-based metals service center made in 2023 include TSA Processing , Norlen Inc, and BLP Holdings LLC. Ryerson has approximately 100 locations throughout North America and China.
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products
US and Canadian rig counts stabilize
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.
Plate market sources critique mill hikes amid current market conditions
Following spot market plate price increase notices issued by domestic mills this past week, participants are contemplating the rationale behind the increases and whether they will stick. Some sources anticipate that current market conditions will shift in November and believe the increases may set a new "pricing floor."
Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.
CRU: Construction of pilot plant for green steel process starts
Voestalpine and partners have begun building an industrial-scale Hy4Smelt demonstration plant in Linz, Austria, which they hope will become key in the decarbonization of steel.
Rig count increases in the US and in Canada
Oil and gas drilling activity increased this week in the US and Canada for the third consecutive week, according to the latest Baker Hughes rig count data. US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.