At the end of October, Friedman Industries began shipping material from its new coil processing facility on the campus of Steel Dynamics Inc.’s newest sheet mill in Sinton, Texas. The Longview, Texas-based processor’s new 70,000-square-foot facility includes a new stretcher leveler cut-to-length line that’s able to process coils up to one-inch thick and in widths […]
Metal products service center Gerber Metal Supply Co. has been purchased by All Metals Industries Inc. (AMI). Gerber is a New Jersey-based distributor of carbon sheet steel, strip, blanks, and edge processed material. Belmont, New Hampshire-based AMI is a finisher and distributor of carbon, aluminum, stainless, and coated sheet and coil products serving the Northeastern […]
Canadian service center Russel Metals posted lower earnings in the third quarter of 2022 on falling prices and customer destocking. The Mississauga, Ontario-based service center posted net sales of Canadian $1.27 billion ($938.58 million USD) in third quarter of this year, up 15% from $1.11 billion in the same quarter in 2021. But net income dropped to […]
Marubeni-Itochu Steel America Inc. (MISA) has acquired Worthington Specialty Processing (WSP), a joint venture between Worthington Industries and United States Steel Corp. The New York-based value-added steel and aluminum processor and North American subsidiary of Japan’s Marubeni-Itochu Steel Inc. acquired WSP’s only remaining facility in Jackson, Mich. in an all-cash deal for an undisclosed sum. […]
Flat rolled distributor Mill Steel has launched an order tracking feature that customers can use to track their orders and estimated time of arrival. The Grand Rapids, Mich.-based company aims to streamline its supply chain process with enhanced digitalization as a value-added service. In 2020 it launched an app for the painted coil market and […]
The reshoring of US manufacturing, nonresidential construction, and semiconductor manufacturing are key areas where Reliance Steel & Aluminum Co. remains incredibly bullish. Speaking on the company’s third quarter earnings conference call with analysts on Thurs., Oct. 27, executives expressed their optimism for these markets. Reshoring/nearshoring is “legit,” and the company is “pumped up about it,” […]
BICO Steel has acquired Integrity Fab and Machine Inc. (IFABM), further expanding its processing and fabrication capabilities. BICO is a processor of heavy carbon steel plate and forged specialty alloy steel in Mogadore, Ohio, providing die casting, fabrication, machining, and other processes that serve various end-use segments. The addition of Breckenridge, Mich.-based IFABM, which specializes […]
Somewhat better-than-expected demand helped service center behemoth Reliance Steel & Aluminum Co. achieve strong third-quarter sales. And despite macroeconomic uncertainty, inflation, continuing supply chain disruptions, and geopolitical issues, the Scottsdale, Ariz.-based company anticipates healthy demand trends to continue in the current quarter, according to its Q3 earnings report released on Thursday, Oct. 27. The company […]
Engineered shapes producer McDonald Steel Corp. is adding plate processing capabilities to its portfolio via the acquisition of General Steel Corp. Mac Steel GSC Inc., a wholly-owned subsidiary of McDonald Steel, recently acquired the assets of General Steel, a Cleveland-based plate service center and processor, for an undisclosed sum. The addition of plate processing capabilities naturally […]
Friedman Industries is already seeing the benefits of its April acquisition of Plateplus Inc., but hedging losses continue to impact the company. The Longview, Texas-based steel processor and manufacturer said the fiscal 2023 first quarter ended June 30, 2022, was positively impacted by the acquisition, resulting in the second most profitable quarter in the company’s […]
Flat-rolled steel processor JM Steel Corp. is expanding into Georgia with the acquisition of Five Star Roll Form LLC and Sun States Steel Corp. Financial terms of the deals were not disclosed. Five Star is a fabricator serving the trailer, garage door, roofing, and solar industries. Sun States Steel is a flat-rolled steel distributor. Both […]
Steel service center Willbanks Metals Inc. is expanding in Fort Worth, Texas. The company recently purchased property across the street from the current location of its headquarters and flat-rolled steel sheet and plate service center, allowing it to expand with a new Red Bud stretcher leveler and additional processing equipment. “We are thrilled to continue […]
Metals supplier Alro Steel has completed the acquisition of Access Metals, a service center and supplier located in Essex, Md. Effective Sept. 30, the purchase allows Alro to continue growing its customer base. Access Metals caters to small-purchase customers, both from the public and within the manufacturing, machining, and fabricating industries. “Alro shares my philosophy […]
The Hamilton, Ohio-based Matandy steel and metal companies are now 100% employee owned. The prior owners of 35 years, Frank and Joanne Pfirman, recently converted the company to an employee stock option plan, surprising its 110 employees on Sept. 28 with the announcement. “I knew if we were to sell to a competitor or venture […]
A new spiralweld pipe mill has officially opened its doors in Houston. The JDF/HDM mill, a partnership between Houston-based JD Fields and Turkish pipe piling manufacturer HDM Çelik Boru Sanayi ve Ticaret AŞ, has been rolling pipe successfully for two months now. An official ribbon cutting ceremony was held on Wednesday, Sept. 28, to celebrate […]
Steel sheet processor Steel Technologies LLC is expanding its campus in Decatur, Ala., to produce steel blanks to be used in the automotive, agricultural, and consumer goods markets. The initial expansion plan has already secured a commitment for approximately 50,000 tons of coil and blank processing, according to a LinkedIn post from the company. A […]
Lapham-Hickey Steel is continuing its growth by taking a controlling stake in Mexico’s lamination stamper and value-added services provider VC Laminations. VC Laminations, located in Queretaro, Mexico, is a family-owned business that produces a complete line of E&I and motor laminations to the electric and power generation markets. The manufacturer has 10 high-speed progressive stamping […]
ThyssenKrupp Material Services is investing $37 million to build a new aluminum and steel service center in San Luis Potosí, Mexico, to serve the automotive supply markets. Operations at the new location are scheduled to begin mid-2023. A Schuler blanking line to cut aluminum and high-strength steel blanks will be a focal point of the […]
Samuel, Son & Co. is expanding its family, announcing its recent acquisition of technology development company RAMP Inc. Based in Waterloo, Ontario, RAMP specializes in full system design, technology development, and integration. Its custom automation systems are intended to increase efficiencies in the workplace. “RAMP is an outstanding automation integrator with a unique product and […]
Lapham-Hickey Steel has acquired SMC Metal Fabricators of Oshkosh, Wisc., for an undisclosed sum. SMC operates a 115,000-square-foot facility adjacent to two Lapham-Hickey facilities in Oshkosh. Its facility, previously owned by the Albright family for nearly three decades, hosts laser cutting, forming, welding, powder coating, and assembly services. SMC’s products and services “will enhance our […]
Alro Steel announced last week that it has entered into an agreement to acquire certain assets of Access Metals, a Maryland-based metals service center. The transaction, terms of which were not disclosed, is expected to close on Sept. 30. Access Metals is a service center specializing in small orders of value-added and cut-to-size metals. Founded […]
Russel Metals disclosed a favorable end to the second quarter. The Mississauga, Ontario-based service center lauded steady demand for its results and noted a Moody’s upgrade from Ba2 to Ba1. Executives at the company discussed having a fantastic first half of 2022 and stated they are positioned very well in light of market circumstances. Russel […]
While steel service centers remain cautiously optimistic on their demand outlooks for the remainder of the year, most agree that the environment for mergers and acquisitions remains quite strong. This is according to executives from Reliance Steel & Aluminum, Ryerson, and Olympic Steel—some of the industry’s top players—speaking on their recent and respective second quarter […]
Pennsylvania steel distributor Mainline Metals has acquired Great South Metals, a service center located in Acworth, Ga. Mainline Metals seeks to sweeten its position as a leading nationwide provider of prime, secondary, and excess steel with the Peach State service center’s capabilities. Great South’s machinery includes a 60-inch Pro-Eco loop slitter, a 48-inch Turner loop […]
O’Neal Steel recently announced a $2.6 million investment that will expand its Birmingham headquarters with a new flat laser and press brake. After working closely with the Birmingham Business Alliance, O’Neal received abatements on non-educational sales and property taxes for the manufacturing machinery. A representative for the City of Birmingham stated that O’Neal has had […]
Reliance Steel & Aluminum Co. “delivered an exceptional second quarter with record-setting financial performance and outstanding operational execution,” CEO Jim Hoffman said in the service center’s second quarter results release. Reliance reported record second quarter net income of $572.8 million on sales of $4.68 billion. The company’s top results were driven by “ongoing healthy demand” […]
Though steel prices might down from the historic highs of 2021, Reliance Steel and Aluminum sees its diverse product portfolio and end markets as a buffer, executives said during an earnings call with analysts on Thursday, July 28. “Our product breadth is so diverse, which is part of the strategy and design,” company president Karla […]
Steel plate supplier Leeco Steel has completed an expansion at its facility in Hamilton, Ontario, Canada. The expansion added 30,000 square feet to the existing 45,000 square feet of warehouse space, which was originally opened by Leeco in January 2020. “Leeco’s Canadian customer base is rapidly expanding, and we outgrew our existing warehouse space,” Leeco […]
Gary, Ind.-based Alliance Steel, a flat-rolled coil service center and toll processor, appoints Andrew “Drew” Gross as president and chief operating officer. He will assume his new role effective July 1, the company said. Gross, who has been with Alliance for more than 15 years, held several senior positions within the company, including merchandising, sales, […]
Flack Global Metals (FGM) will open a new metals service center near the port of Houston in the fourth quarter of this year, the company announced Tuesday. “FGM Houston” will be located on the campus of North Shore Steel and is FGM’s first physical location. The 60,000-square-foot facility will service flat-rolled steel, aluminum, and stainless […]