Category: Service Centers

Olympic Steel Inc. has appointed Larry N. Norred, Jr. to the role of general manager for its Buford (fabrication) and Winder (metal processing) operations in Georgia.

Canada's Nova Steel has fully acquired all of the assets of Ohio's Sheffield Steel Products.

Jack Biegalski, former president and CEO of American Heavy Plates, has been named the new CEO of the Esmark Steel Group.

National service center chain Olympic Steel has made an internal promotion to fill the newly created role of director of manufactured metal products.

The seven facilities Russel agreed to purchase are located in Iowa, North Carolina, Georgia, Texas, and Florida.

German service center Klöckner and Co. has agreed to sell seven of its US locations to Canadian service center Russel Metals Inc. for approximately $119 million, the companies said in press releases on Sunday.

Worthington Steel saw a strong first quarter to kick off its fiscal 2026 as both profits and sales notched increases.

The American Iron and Steel Institute (AISI) has added Worthington Steel to its membership roster and elected Geoff Gilmore, president and chief executive officer of the steel processor, to its board of directors. 

The chief executives from Majestic Steel, Olympic Steel, and Worthington Steel swapped notes on inventory discipline, customer trust, and the race to turn AI from hype into results.

Steel industry analysts at this year's SMU Steel Summit said they see lackluster demand through this year and next.

Varsteel Ltd. announced two new strategic acquisitions. The Canadian service center stated that the acquisitions position it to meet a wider range of steel product needs.

Karla Lewis, president and CEO of Reliance Inc., told attendees of SMU’s Steel Summit 2025 that North America’s largest service center company is eyeing strategic opportunities in Mexico. 

Galvanized steel prices dipped to ~$48/hundredweight in August from the $50-59/hundredweight range during the month of July.  

Mill Steel Co. announced it is relocating its Houston operations to a bigger facility at the Port of Houston.

Olympic Steel Inc. has promoted Vincent Anza to the role of general manager for its Milford, Conn., facility.

Friedman Industries’ fiscal first-quarter earnings nearly doubled from a year ago.  

Russel Metals posted its strongest quarterly revenue in three years, fueled by higher steel prices, steady demand, and near-record shipments across its service center network.

Her insatiable curiosity and desire to solve complex problems remain at the forefront of O’Neal Steel President and CEO Jodi Parnell’s success in the steel industry. Parnell is as fluent in employee management styles as she is in managing successful client technology adoption.

Olympic Steel's earnings fell in the second quarter amid an "unprecedented" environment in the metals industry.

Ryerson’s earnings slumped in the second quarter amid “recessed” demand.

Reliance Inc. reported record second-quarter tonnages, with 1.62 million tons sold in the second quarter of 2025, a 4% increase year over year (y/y).

Triple-S Steel Holdings has closed on its previously announced acquisition of American Stainless Tubing.

Worthington Steel earnings rose while sales fell in its fiscal fourth quarter.

Friedman Industries' earnings increased in its fiscal fourth quarter ended March 31.

The Ohio-based steel processor is now the majority owner of Italy's Sitem Group, which has six manufacturing sites across Italy, Switzerland, Slovakia, and France.

Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.

Russel Metals’ earnings slipped in the first quarter, but the company is still eyeing service center acquisitions in the US.

Olympic Steel’s earnings slid in the first quarter as the steel industry faced a “challenging” economic conditions.

Olympic Steel elected Peter J. Scott to its board of directors at its annual meeting on May 2. At the same time, long-time director Michael G. Rippey has retired from the board after 10 years.

Ryerson's net loss shrinks in first quarter.