Service Centers

Russel closes on Tampa Bay Steel deal
Written by Ethan Bernard
December 5, 2024
Russel Metals Inc. has closed on its buy of Tampa Bay Steel.
The Mississauga, Ontario-based metals distributor announced the $79.5-million deal last month.
“We are excited to have Tampa Bay Steel join our Southern US businesses, especially as we continue to explore opportunities for growth in the region,” John Reid, Russel’s president and CEO, said in a statement on Dec. 4.
“We welcome Mark Stewart and his entire team to the Russel Metals family,” he added.
Stewart is the president of the Florida-based steel distributor and metal processor.

Ethan Bernard
Read more from Ethan BernardLatest in Service Centers

Jack Biegalski joins Esmark Steel Group as CEO
Jack Biegalski, former president and CEO of American Heavy Plates, has been named the new CEO of the Esmark Steel Group.

Casey to lead Olympic’s manufactured metal products business
National service center chain Olympic Steel has made an internal promotion to fill the newly created role of director of manufactured metal products.

Russel Metals acquiring Kloeckner Metals centers to increase US presence
The seven facilities Russel agreed to purchase are located in Iowa, North Carolina, Georgia, Texas, and Florida.

Klöckner to sell seven US locations to Russel, one to Service Steel Warehouse
German service center Klöckner and Co. has agreed to sell seven of its US locations to Canadian service center Russel Metals Inc. for approximately $119 million, the companies said in press releases on Sunday.

Worthington Steel’s earnings, sales rise in fiscal Q1’26
Worthington Steel saw a strong first quarter to kick off its fiscal 2026 as both profits and sales notched increases.