Category: Distributors/Service Centers

United Steel Supply plans to invest up to $10 million to open a steel processing and painting facility at the Ports of Indiana-Jeffersonville near Louisville, Ky.

Olympic Steel logged lower earnings in the first quarter of 2024, but the company said all three of its segments contributed to profitability.

Russel Metals’ earnings fell in the first quarter, but the Toronto-based metals distributor sees steel prices stabilizing in the near term and staying above historical averages.

Ryerson swung to a loss in the first quarter of 2024, but the company’s chief executive sees less volatility in the sheet steel market.

Reliance Inc.’s earnings slumped in the first quarter of 2024, but the company expects better than normal seasonal recovery in demand in the second quarter.

Galvanized buyers reported steady demand and ample supply this week as pricing momentum has shifted, potentially pointing down. Service centers, distributors, and manufacturers who are members of the Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) association met virtually on Tuesday, April 23, for the monthly meeting of HARDI’s Sheet Metal/Air Handling Council. Sentiment was noticeably […]

Lapham-Hickey Steel has acquired the operating assets of Crystal Steel Corporation of Middleton, Mass., for an undisclosed sum.

AZZ Inc. said it is seeing improving demand for its coil coating services as it reported a solid quarterly performance.

Metalformers expect economic activity to remain level over the next three months, according to the April Business Conditions Report from the Precision Metalforming Association (PMA).

Russel Metals Inc.’s planned purchase of seven service centers in western Canada from Samuel, Son & Co. has been delayed.

Steel Warehouse Co. has announced the rebranding of its Cold Mill division as “Specialty Strip,” a boutique cold mill.

Reliance Inc. said it has completed its buy of Houston-based American Alloy Steel, effective as of April 1.

Reliance Inc. has acquired flat-rolled steel service center MidWest Materials of Perry, Ohio.

Metalformers are expecting business conditions to remain steady over the next few months, according to the March Business Conditions Report from the Precision Metalforming Association.

Worthington Steel is taking a pause on M&A activity as it focuses on progressing its electrical steel expansions in Mexico and Canada.

Varsteel, a Canadian steel and pipe service center, has announced the acquisition of Pacific Steel in Laval, Quebec.

Jemison Metals has announced a definitive agreement to buy Advanced Metal Components Inc. The Birmingham, Ala.-headquartered supplier of flat-rolled products said the transaction is scheduled to be completed on or before March 29. Further terms of the deal were not disclosed.

AZZ – Precoat Metals has announced the promotion of Jeff Vellines to president of the company.

Olympic Steel said it's open to future acquisitions in all three of its business segments.

Olympic Steel’s earnings jumped in the fourth quarter, even as the company dealt with "significant" price volatility in hot rolled for full-year 2023.

Ryerson swung to a net profit in the fourth quarter, though revenue declined from the same period last year.

Friedman Industries posted lower earnings in its fiscal third quarter but was upbeat on the next quarter due to the effect of increased hot-rolled coil prices.

Reliance Inc. – formerly Reliance Steel & Aluminum Co. – introduced its “new company identity” that emphasized its “evolution to more than steel,” the company said in its fourth-quarter and full-year earnings report.

Reliance has entered into an agreement to purchase Houston-based American Alloy Steel Inc. for an undisclosed sum.

Prices for galvanized products have been falling for more than a month, and market participants expect this trend to continue in the near term.

Russel Metals has invested a lot in recent years, and it’s not done yet.

Reliance Steel & Aluminum Co. announced on Feb. 2 that it has acquired Tifton, Ga.-based Cooksey Iron & Metal Co.

Norfolk Iron & Metal is installing a new Butech Bliss temper mill cut-to-length line at its Port of Catoosa processing facility near Tulsa, Okla.

Thyssenkrupp Materials de México is opening a new service center in San Luis Potosí.

Coming out of a strong fourth quarter, galvanized steel market participants are reporting an above-average start to January and are cautiously optimistic for 2024.