Russel Metals sees strong second-quarter setup

Russel Metals saw tightening supply and rising steel prices in the first quarter. The service center and distributor’s larger US footprint is now delivering more than half of the company’s operating profit, according to executives speaking on a first-quarter earnings conference call on Wednesday.

CFO Martin Jurasek described the first quarter as a “positive inflection point” as strategic initiatives, including the recent Kloeckner acquisition, began to materially lift results.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

Laura Miller

Latest in Analysis

AISI: US production retreats after early September surge

Plate supply squeeze tightens as demand presses higher

SSAB Americas hikes extras, doubles Grade 50 adder

AMU: Kibar starts production at West Virginia facility

Price on Trade: A wall-less structure is not a fortress