Steel Products
Russel Metals Acquires DuBose Steel
Written by Sandy Williams
February 22, 2018
Russel Metals has announced it will acquire the operating assets and facilities of DuBose Steel in Roseboro and Fayetteville, N.C.
DuBose Steel is a full-line structural steel service center operation with value-added processing capabilities serving customers in the Southeast and along the East Coast. The company posted revenues of $66.8 million in its last fiscal year.
Dubose Steel President Tom Harrington and other members of his management team will remain in place.
The acquisition is a strategic fit for Russel Metals, the second largest metals distributor in Canada, and will allow the company to expand its U.S. footprint, said Russel President and COO John Reid.
“We are very excited to announce that we have entered into this agreement with Russel Metals. We believe our customers will be well-served by this transaction and we are eager to join Russel’s team,” said Harrington.
The transaction is expected to close in the second quarter.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
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.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
CRU: Rising protectionism impacts global steel trade
US sheet prices surge following tariff announcement
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 […]