Service Centers
Reliance Leads MCN’s Top 50 for the 12th Year in a Row
Written by Tim Triplett
September 12, 2019
Reliance Steel & Aluminum continues to dominate the service center market, ranked No. 1 once again in the just-released Metal Center News Service Center Top 50 with $11.5 billion in revenues.
In total, North America’s Top 50 metals distributors accounted for a record $61.1 billion of the industry’s sales last year. Sixteen of the companies responding to MCN’s survey topped the billion-dollar mark. The ranking ranges from Reliance at $11.5 billion down to No. 50 Klein Steel with sales of $112 million. The ranking is based on full-year revenues from 2018.
Rounding out the Top 10 are: Ryerson, Inc., $4.4 billion; Russel Metals, $3.2 billion; ThyssenKrupp Materials NA Inc., $3.2 billion; Kloeckner Metals Corp., $3.2 billion; Samuel, Son & Co. Ltd, $2.85 billion; O’Neal Industries, Inc., $2.7 billion; Steel Technologies, $2.6 billion; Worthington Industries, $2.5 billion; and Toyota Tsusho America, $2.3 billion.
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
Brown Strauss Steel names new chief executive
Denver-based service center Brown Strauss Steel has named Kris Farris as CEO, effective Jan. 1. Farris has also joined the company’s board of directors. He previously served as president and COO of Brown Strauss Steel. Farris is taking over from Ryan Secrist, who held the CEO role since 2013. Secrist is stepping down from position […]
Galvanized buyers see glimmers of optimism amidst the chaos
Reflecting on 2024 and looking ahead to the new year, galvanized steel buyers on this month’s HARDI call expressed a mix of cautious optimism with lingering uncertainties.
SPS Companies and State Steel combine service center businesses
Steel fabricators and distributors SPS Companies and State Steel will be merging their service center businesses under the SPS Companies family of firms.
Norfolk Iron & Metal to buy Pennsylvania service center
The deal will expand Norfolk’s stainless steel sheet and coil product lines, the company said.
Lapham-Hickey acquires Michigan’s Alkar Steel
Alkar Steel and Processing supplies hot- and cold-rolled steel, high carbon spring steel, high strength-low alloy steel, coated and stainless steel products throughout the Midwest.