Steel Mills
Totem Steel International Partnering with Tata International Metals Americas
Written by John Packard
January 27, 2015
Totem Steel International is merging operations with Tata Steel International. JR Meyers, CEO of Totem Steel, told Steel Market Update that the Totem customers will see no change with the exception of having more options for sourcing than the company currently offers. With the financial strength of Tata behind them Meyers expects that they will be able to aggressively grow their business, especially in the area of valued added business.
Totem Steel International provided the following press release with the details of the change which will go into effect on February 1, 2015:
Totem Steel International and Tata International Metals Americas, a division of Tata International Limited (member of the Tata Group, one of the most respected business conglomerates), announced that effective on February 1, 2015; Totem Steel will be continuing its operations as Tata International Metals Americas.
Totem’s founder and owner, JR Meyers, will remain with the company, and continue to lead his team of highly experienced traders through the transition and beyond.
“My biggest excitement about this relationship is the opportunity to take our operation to the global level beyond what we can achieve on our own. Our partnership with Tata will build on our already impressive growth with the help of their tremendous reach and resources,” says Meyers of the partnership.
“The expertise of JR Meyers and Totem Steel represent a unique aspect of the steel trading business we are proud to add to our portfolio,” says Murat Askin, President, Tata International Metals Americas. “It will be a pleasure growing our business together.”
About Totem Steel
Totem Steel International is a steel and forest products trading company located in Portland, Oregon. The company was founded in 1998 by its owner, JR Meyers. Totem’s primary business is trading and distribution of flat rolled steel products.
Totem’s core strategy surrounds its long established relationships both on the supply and the sales side of the business. The majority of Totem’s sales are to end user customers in the US and Canada who manufacture residential HVAC products, metal buildings, carports, garage doors, entry doors, metal furniture, steel shelving, steel drums, and coil tubing for the energy sector.
For more information about Totem Steel, visit their website at www.totemsteel.com.
About Tata International
Tata International Limited (TIL) is a global trading and distribution company, headquartered in Mumbai, India, with a network of offices and subsidiaries spanning more than 39 countries in Africa, Asia, Europe and the Americas. Tata International’s Metals Trading division is supported by global sourcing, deep market knowledge and supply chain management of various steel and related products, serving customers across 50 countries.
In addition to Tata International’s extensive multi-industrial distribution system, key metal products offered include all forms and grades of steel products, metallics, steel making rolls, products for the aluminum industry, customized engineering products, and module mounting systems for the solar industry. Tata International Metals Americas is headquartered in Schaumburg, Illinois.
For additional information about Tata International, visit their website at www.tatainternational.com (Source: Totem Steel Press Release)
John Packard
Read more from John PackardLatest in Steel Mills
Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]
Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.
Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]
Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."