Service Centers
Mill Steel announces new CFO
Written by Becca Moczygemba
January 9, 2024
Flat rolled distributor Mill Steel Co. announced the appointment of a new CFO on Jan. 9.
The Grand Rapids, Mich.-based company hired Justin Powell to replace retiring CFO Marc Rabitoy.
Before joining Mill Steel, Powell served as CFO at ClarkDietrich Building Solutions. Prior to that, he spent 15 years in various finance roles at BlueScope Steel.
“We are thrilled to welcome Justin to our executive team. His extensive experience and strategic mindset make him an invaluable asset as we continue to expand our business. We are confident his financial acumen will contribute to Mill Steel’s success” said the CEO of Mill Steel, Pam Heglund, in a news release.
Powell’s background consists of flat rolled production, engineered metal buildings, and building products manufacturing.
“I am honored to be part of such a dynamic and forward-thinking organization. I look forward to the continued success and growth ahead for Mill Steel Company,” said Powell in the release.
Becca Moczygemba
Read more from Becca MoczygembaLatest in Service Centers
Triple-S Steel buys plate distributor Griffin Trade Group
Triple-S Steel Holdings has acquired Houston-based plate distributor Griffin Trade Group.
Klöckner loss widens in Q1 but sees brighter quarter ahead
Klöckner & Co. logged a wider net loss in the first quarter on-year, but the Duisburg, Germany-based service center group expects higher shipments and sales in the upcoming three months.
Thyssenkrupp Materials Services adds Sinton stocking site
Thyssenkrupp Materials Services is continuing its expansion in North America. It announced the opening of a new steel service center in Sinton, Texas, to primarily serve the automotive, HVAC, and construction markets.
Majestic Steel opens Arkansas location on Nucor campus
Majestic Steel announced the completion of its flagship Majestic Steel Arkansas facility in Blytheville on the campus of Nucor Steel Hickman.
Olympic Steel profits fall 12% in Q1
Olympic Steel logged lower earnings in the first quarter of 2024, but the company said all three of its segments contributed to profitability.