Service Centers
Venture Steel Joins NASA Buying Co-op
Written by Tim Triplett
February 24, 2020
Venture Steel is the newest member of the North American Steel Alliance (NASA), the industry’s largest purchasing co-op. Headquartered in Toronto, Venture Steel is a flat-rolled metal processor and distributor serving customers in Canada, the United States and Mexico.
“Venture Steel is pleased to join NASA. We are always eager to improve our results and being a partner in NASA, along with its illustrious membership ranks, will further enable our efforts to grow,” said President Tony Kafato. “Working alongside industry leading peers in metal processing and distribution will only aid Venture in building a higher performing supply chain for our customers.”
NASA’s membership includes more than 120 independently operated steel service centers with over 450 distribution and processing facilities throughout the U.S. and Canada, giving the co-op a combined buying power of more than $9 billion.
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
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.
Ryerson swung to loss in ’24, but saw fortunes improve over the last month
Ryerson swung to a loss in the fourth quarter, but has seen a turnaround in the last 30 days.
Despite policy uncertainty, Reliance upbeat on ’25
Reliance noted that it is about 95% domestically sourced.
Russel Metals posts solid quarter, doesn’t expect direct impact from tariffs
Russel Metals said on Thursday that it doesn’t expect to be directly impacted by US tariffs on Canadian steel. The Mississauga, Ontario-based distributor made the comments in its quarterly earnings report on Thursday. The company doesn’t export significant volumes to the US, it said, and thus doesn’t expect to be directly impacted. However, “The primary […]
Friedman logs quarterly loss amid ‘challenging conditions’
Friedman swings to a loss in its fiscal third quarter of 2025.