Steel Blog

Reliance Steel & Aluminum to Acquire Metals USA

Wednesday, 06 February 2013 10:02

Reliance Steel & Aluminum announced this morning a definitive merger agreement whereby Reliance will acquire all outstanding shares of Metals USA Holdings Corporation for approximately $1.2 billion. This will make Reliance the largest service center chain in North America with assets over $6.5 billion and annual sales in excess of $10.0 billion



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U.S. Steel announced today that Patrick J. Mullarkey has been named the new plant manager of Fairfield Tubular Operations in Birmingham, Ala. Mullarkey will succeed Dennis Quirk who has retired following 36 years of service



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The Associated General Contractors of America report positive results for the construction industry below:

"Revised government data issued today show the construction industry is contributing



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CRU Press Release

Friday, 01 February 2013 08:20

One week ago, ArcelorMittal circulated their price increase announcement and in their internal memo the company raised the issue of, “The market manipulation and discounting of the CRU has had a dampening effect on industry spot



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