Service Centers

Steel Warehouse set to invest $20M in Tennessee expansion
Written by Ethan Bernard
July 11, 2024
Steel Warehouse plans to expand in Jefferson City, Tenn., with an investment of ~$20 million.
The South Bend, Ind.-based service center and steel processor has bought the former Footwear Industries of Tennessee building, according to a press release from the Tennessee Department of Economic and Community Development.
The building in Jefferson City, ~30 miles from Knoxville, Tenn., will be retrofitted to accommodate its new purpose.
The project intends to create more than 70 new jobs with an investment of nearly $20 million in “innovative equipment, which will support their strategic partners in the construction equipment, agriculture, lawn and garden, and truck and trailer industries.”
“We are incredibly grateful to the Jefferson City community and our strategic partners for their unwavering support as we embark on this exciting expansion,” Ted Lerman, CEO of Steel Warehouse, said in the release.
Since starting in 1947, the company has expanded to 15 locations across the US, Mexico, and Brazil. Steel Warehouse serves various industries, including aerospace, agriculture, automotive, construction, energy, and transportation.

Ethan Bernard
Read more from Ethan BernardLatest in Service Centers

Klöckner narrows Q1 loss, targets growth in North America and Europe
Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.

Russel mulls buying US service centers despite Q1 profit dip
Russel Metals’ earnings slipped in the first quarter, but the company is still eyeing service center acquisitions in the US.

Olympic Steel earnings slump in ‘challenging’ first quarter
Olympic Steel’s earnings slid in the first quarter as the steel industry faced a “challenging” economic conditions.

Olympic taps Scott for board, Rippey steps down
Olympic Steel elected Peter J. Scott to its board of directors at its annual meeting on May 2. At the same time, long-time director Michael G. Rippey has retired from the board after 10 years.

Ryerson narrows loss in first quarter
Ryerson's net loss shrinks in first quarter.