Steel Products
Ratner Orders Heavy-Gauge CTL Line
Written by Tim Triplett
December 14, 2017
Ratner Steel has purchased a new 5/8th-inch 76-inch-wide stretcher leveler from Red Bud Industries for its Osceola, Ark., service center, to be delivered in fourth-quarter 2018.
“We are very excited with this new opportunity,” said Mark Ratner, owner and CEO. “Our belief is that this region of the country has significant potential for a flat rolled company such as Ratner Steel. The equipment we purchased will be the preeminent cut-to-length line in the region. It will allow us to provide customers with a quality piece of steel at a competitive price.”
Ratner Steel currently has three stretch levelers in its Indiana and Minnesota locations. The company processes 400,000 tons of carbon steel annually. It services a diverse customer base, including service centers, fabricators and OEMs.
{loadposition reserved_message}
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Galvanized buyers brace for market shifts amid rising tariffs
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.”
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]
Olympic Steel sees increased line pipe jobs while lead times jump on Trump tariffs threats
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.
US HR prices surge above offshore tags
Hot-rolled (HR) coil prices leaped in the US this week, while tags abroad saw more measured gains. The result: US hot band prices have become even more expensive than imports on a landed basis. In fact, the premium US HR prices carry over HR prices abroad now stands at a 12-month high.
US rig counts inch up again, Canadian activity slips
The latest oil and gas rig count in the US increased slightly from last week, while Canadian activity edged lower, according to Baker Hughes.