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    Company Announcements

    November 12, 2026

    Alro Steel opens new location in Detroit suburb

    Written by Laura Miller

    Alro Steel has opened a new location in Van Buren, Mich., outside Detroit.

    The private metals service center group acquired and renovated the 524,000-square-foot facility over the past year.

    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.

    Read more from Laura Miller

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    CORRECTION: Randall Metals closes on buy of Titan Steel

    Randall Metals has closed on its acquisition of tinplate and specialty flat-rolled products supplier Titan Steel. Further terms of the deal were not disclosed. Titan Steel has facilities in Baltimore and the Chicago area, and serves the food packaging, filtration, and construction markets, among others. "Scale is increasingly important in the service center market, and this transaction brings together the complementary strengths of our two businesses to address the challenges and opportunities of the changing global steel industry," Titan Steel CEO Max Levin said in a statement on Tuesday.

    Canada’s Nova Steel announces layoffs, cites low-priced imports

    Nova Steel, a steel pipe fabricator based in Montreal, has announced layoffs it claims are related to an alleged surge of low-priced imports. The Canadian company announced the temporary layoff of 36 employees at its Saint-Patrick facility, effective Friday, Nov. 13. Nova said unfairly traded steel pipe imports have affected it for years. The company noted that it has brought trade cases to the Canadian government to address the problem.

    Nucor ups spot HR coil to $1,295/ton

    Nucor said on Monday, Nov. 9, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,295 per short ton (st) this week, up $15/st from the prior week. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,365/st, also up $15/st from last week. Nucor continues to offer lead times of three to five weeks, according to its letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Nov. 3, showing HR coil prices averaging $1,350/st, up $45/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 10.