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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

Ethan Bernard is a reporter and editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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