Category: Distributors/Service Centers

Canadian metals distributor Russel Metals reported lower earnings in the third quarter as the company “navigated through volatile market conditions.”

Olympic Steel’s earnings edged up in the third quarter vs. a year earlier, though sales declined due to lower metal pricing, the Cleveland-based metals service center said.

Brown Strauss Steel has acquired Black Diamond Pipe & Tube Inc. of Peotone, Ill., just south of Chicago.

Arkansas-based metals processor Boyd Metals, is expanding its footprint at its Little Rock, Ark., facility.

Klöckner & Co. said it has agreed to acquire South Carolina-based fabricator Industrial Manufacturing Services (IMS) through US subsidiary Kloeckner Metals Corp.(KMC).

Ryerson Holding Corp, has acquired non-ferrous metals distributor TSA Processing.

Klöckner & Co. posted a narrower net loss in the third quarter as the Duisburg, Germany-based service center group touted the expansion of its North American footprint.

Grand Rapids, Mich.-based carbon flat-rolled steel distributor Mill Steel Co. has appointed Kip Craddick as its new VP of sales.

Ryerson saw lower sales and shipments in the third quarter and is anticipating further declines in the last quarter of the year.

Reliance Steel & Aluminum is anticipating overall demand to remain healthy through year’s end despite some weakening in some sectors and normal seasonality.

Ranger Steel Services has acquired the steel operations of Detroit-based heavy plate distributor Nance.

Cleveland-Cliffs says it is taking advantage of higher demand from the automotive sector – its biggest end-use market – this year.

After more than 40 years in the steel industry, James Bouchard announced he will be retiring as CEO of Esmark Inc., effective Nov. 23.

Azz Inc. swung to a profit in its fiscal second quarter of 2024 as its metal coatings business was lifted by infrastructure spending.

Feralloy Corp. is planning an $8.75-million expansion at its Decatur, Ala., Red Hat Road plant, according to a local report.

Samuel, Son & Co. has named Maria Perrella as its new CFO.

Leeco Steel has promoted Tom Murray to sales manager, north. The appointment was effective Oct. 1.

Esmark Steel Group has established Esmark Steel International, a business focused on supplying the Mexican industrial steel market.

Cleveland-based service center group Olympic Steel has named a new aluminum sales director.

Worthington Industries Inc. announced on Oct. 5 the expansion of its Tempel Steel facility in Apodaca, Mexico.

Commercial Metals Company (CMC) has unveiled its new branding as "CMC," reflecting its growth beyond metals.

Ryerson has acquired Norlen Inc., a Wisconsin-based metal fabricator, for an undisclosed sum.

Olympic Steel has acquired Conway, Ark.-based Central Tube & Bar (CTB).

Pessimism grew among metalformers in September’s business report from the Precision Metalforming Association.

Worthington Industries said it has so far been little impacted by the United Auto Workers (UAW) strike.

Worthington Industries Inc. on Wednesday reported net income of $96.1 million in its fiscal 2024 first quarter, up 49.9% from a year earlier despite net sales falling 15.3% over the same period. The Columbus, Ohio-based service center and manufacturer said the drop resulted mostly from lower average prices in its steel processing division as well as lower overall sales volumes.

Kenwal Steel has hired Dean Kreuzer to the newly created position of vice president of strategy and business development.

Steel mill lead times were largely unchanged this week, with hot rolled extending slightly and plate falling back marginally.

In a Steel Summit fireside chat, Karla Lewis, president and CEO of service center group Reliance Steel & Aluminum, sat down with SMU managing editor Michael Cowden to talk about current demand trends and where she’s leading her company.

Longview, Texas-based steel processor Friedman Industries is anticipating steady demand in the current quarter.