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
USS/Nippon deal: Who will have the happiest holidays?
Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.
Nucor blames steel mills segment for depressed Q4 guidance
Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.