Steel Product Producers

Cornerstone spends $475M on Mueller Supply buy
Written by Ethan Bernard
July 3, 2024
Cornerstone Building Brands agreed to buy Mueller Supply Co. for $475 million, according to an 8-K filing with the US Securities and Exchange Commission (SEC) on July 1.
As previously reported, the transaction is expected to close in Q3’24. The price is also subject to certain customary adjustments.
Ballinger, Texas-based Mueller is a manufacturer of residential metal roofing and steel buildings in Texas and the Southwest.
Cornerstone, base din Cary, N.C., manufactures exterior building products for residential and low-rise non-residential buildings in North America.
A request for comment from Cornerstone was not returned by time of publication.
Ethan Bernard
Read more from Ethan BernardLatest in Steel Product Producers
Nucor profits jump in Q3, but company cautions on Q4 outlook sequentially
Nucor’s profits more than doubled in the third quarter year over year, but the company expects Q4’25 to be lower sequentially.
SDI announces proprietary low-carbon EDGE products
Steel Dynamics has announced lower-embodied-carbon steel products BIOEDGE and EDGE, and expects “immediate interest” from several markets for some of the offerings.
Loss-making GrafTech shifts volumes to US amid global price pressure
GrafTech reported higher shipments and sales in the third quarter, but continued to lose money. It attributed the continued losses to persistent pricing pressure and global trade uncertainty.
CRU: JSW Steel powers to four-fold profit rise
India's JSW Steel reported a 307% year-on-year (y/y) jump in net profit to INR16.5 bn ($188 million, €161 million) in fiscal Q2.
Wheeling-Nippon Steel raises Galvalume coating extras
The steelmaker released updated extras to customers on Oct. 15, marking the second adjustment in just six weeks following their early September revision
