Category: Service Centers

Worthington Steel is preparing to move its corporate headquarters to the Easton area of Columbus, Ohio.

A factor in the sales was customers buying ahead of tariff-related price increases.

Participants on the HARDI Sheet Metal/Air Handling Council call said underlying demand is solid but there are slower pockets in some markets.

This is the Ohio-based steelmaker’s fourth time winning the award.

Olympic Steel has named Alex Hegler as general manager for its Action Stainless facility in Rock Hill, S.C.

Olympic Steel has opened a new facility in Houston to support its Action Stainless business.

Lower volumes and steel prices dampened Worthington Steel’s profits, but market momentum is building, the metals processor said in its most recent quarterly earnings report.

Demand is up, but tariffs raise concerns

Cleveland-based Olympic Steel Inc. has promoted Scott M. Zito to the newly created role of vice president of business development. Zito has been with the company for more than 40 years.

Worthington Steel confirmed it is closing the Worthington Samuel Coil Processing (WSCP) facility in Cleveland. WSCP is a joint venture between Worthington Steel and Oakville, Ontario-based Samuel, Son & Co.

One buyer summed up the prevailing sentiment: “Everything is pointing up — pricing, sentiment, order activity. But the real test will come once the immediate reactionary buying subsides. Will there be enough true demand to support these levels through mid-year? That’s the big unknown.”

Olympic Steel has seen jobs for line pipe jump in recent weeks as the Trump administration has talked up fossil fuel production, which is good news for hot-rolled coil producers. Meanwhile, tariff talk has lengthened lead times, Olympic executives said.

Ryerson swung to a loss in the fourth quarter, but has seen a turnaround in the last 30 days.

Reliance noted that it is about 95% domestically sourced.

Russel Metals said on Thursday that it doesn’t expect to be directly impacted by US tariffs on Canadian steel. The Mississauga, Ontario-based distributor made the comments in its quarterly earnings report on Thursday. The company doesn’t export significant volumes to the US, it said, and thus doesn’t expect to be directly impacted. However, “The primary […]

Friedman swings to a loss in its fiscal third quarter of 2025.

If 2021 and 2022 was the party, 2024 is the morning after, one panelist said.

"Personally, I find it very hard to believe that we would be in a trade war with Mexico and Canada for more than a few months at any given time. I don't know how Mexico and Canada could survive that. That's a recession for them. That's a few points off GDP for us - my opinion.”

Olympic Steel Inc. has promoted Brant Harbert to general manager for the company’s three facilities in Bedford Heights and Dover, Ohio.

Denver-based service center Brown Strauss Steel has named Kris Farris as CEO, effective Jan. 1. Farris has also joined the company’s board of directors. He previously served as president and COO of Brown Strauss Steel. Farris is taking over from Ryan Secrist, who held the CEO role since 2013. Secrist is stepping down from position […]

Reflecting on 2024 and looking ahead to the new year, galvanized steel buyers on this month’s HARDI call expressed a mix of cautious optimism with lingering uncertainties.

Steel fabricators and distributors SPS Companies and State Steel will be merging their service center businesses under the SPS Companies family of firms.

The deal will expand Norfolk’s stainless steel sheet and coil product lines, the company said.

Alkar Steel and Processing supplies hot- and cold-rolled steel, high carbon spring steel, high strength-low alloy steel, coated and stainless steel products throughout the Midwest.

Worthington Steel's CEO feels optimistic as the company heads into its second year as a standalone company.

Depressed demand and weak prices drove Worthington Steel’s second fiscal quarter results to a sequential decline.

Jodi Parnell has been named president and CEO of Birmingham, Ala.-based service center group O’Neal Steel.

Russel Metals Inc. has closed on its buy of Tampa Bay Steel.

Worthington Steel has reached an agreement to acquire a controlling equity stake in Italian-based electric motor lamination producer Sitem SpA.

Contractors Steel was acquired in 2018 by UPG, a private equity firm with a portfolio of metals and logistics companies