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    Reliance completes acquisition of American Alloy

    Written by Ethan Bernard


    Reliance Inc. said it has completed its buy of Houston-based American Alloy Steel, effective as of April 1.

    Further terms of the deal, announced in February, were not disclosed.

    Ethan Bernard

    Read more from Ethan Bernard

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    Galvanized buyers report severe supply strain

    Service centers and manufacturers on the Sept. 15 HARDI Sheet Metal and Air Handling Council call described a tight, seller-driven market. Lead times are long, deliveries are late, inventories are thin, imports are down, and demand is strong, causing a shortage of galvanized material. SMU regularly joins the council’s meetings to discuss the galvanized sheet market. Participants — members of Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) — are wholesalers, service centers, distributors, and manufacturers who buy or sell galvanized steel.