Steel Mills
Ryerson Completes Acquisition of Central Steel & Wire
Written by Sandy Williams
July 5, 2018
Ryerson Holding Corp. has complete the acquisition of Central Steel & Wire Co. Central Steel & Wire will be a wholly-owned subsidiary of Ryerson and will continue to operate under its brand name.
“The inclusion of Central Steel & Wire into the Ryerson family of highly valued industrial metal distribution and processing companies enhances Ryerson’s ability in providing great customer experiences,” said Ryerson President and CEO Eddie Lehner. “The expansion of our long, tube, and plate portfolio through this acquisition makes our combined commercial, operational, product, and processing strengths that much more valuable to the customers of both Central Steel & Wire and Ryerson.”
Central Steel & Wire has five service centers located in Chicago, Milwaukee, Detroit, Cincinnati and Greensboro, N.C., as well as Central Coil Processing, a flat rolled coil/plate processing center in Portage, Ind.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.
Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.
USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.
SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.
POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.