Category: Service Centers

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.

Flat rolled distributor Mill Steel Co. announced the appointment of a new CFO on Jan. 9.

Olympic Steel has promoted Zachary Siegal to the newly created role of president of manufactured metal products.

The newly separated Worthington Steel noted improved earnings in its fiscal second-quarter results.

Canadian metals distributor Russel Metals Inc. plans to acquire Samuel, Son & Co.’s carbon plate service center operations in Western Canada and the US for roughly $225 million.

Friedman Industries was hit by falling steel prices in its fiscal 2024 second quarter ended Sept. 30, 2023, but anticipates improvement in its financial results for the remainder of the fiscal year.

Worthington Industries said on Thursday its board of directors has approved the previously announced separation of its Steel Processing business, Worthington Steel Inc.

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.

SMU’s Current and Future Steel Buyers Sentiment Indices both increased this week, based on our most recent survey data. Every other week we poll steel buyers about sentiment. The Steel Buyers Sentiment Indices measure how steel buyers feel about their company’s chances of success in the current market, as well as three to six months down the road. We have historical data going back to 2008. Check our interactive graphing tool here.

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.

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.