Service Centers
Paragon Orders Slitting Line for Butler Expansion
Written by Sandy Williams
September 18, 2020
Paragon Steel has broken ground on a 43,000-square-foot addition to one of its two plants in Butler, Ind., on the campus of Steel Dynamics Inc. The $8.3 million expansion will house a new high-performance Braner/Loopco slitting line that will give the service center the capability to process next-generation, high-strength steel grades.
The automated triple-turret-head slitting line, with shape correction and leveling, will be able to process 30-ton by 72-inch-wide hot-rolled and cold-rolled coils with mechanical properties up to 150,000 psi (1035 MPa). Paragon anticipates beginning operations on the new line by the end of first-quarter 2021. Staffing the new line will add 15 employees to Paragon’s workforce.
Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers
October service center shipments and inventories report
Flat rolled = 63.4 shipping days of supply Plate = 52.4 shipping days of supply Flat rolled shipments and inventories Flat-rolled steel supply at US service centers remains seasonally high. October inventories increased after edging lower in September – a dynamic driven largely by disappointing demand. October’s report reflects lower demand and stable lead times […]
Russel Metals to acquire Tampa Bay Steel
Tampa Bay Steel, a Florida-based steel distributer and metal processer, generated average annual revenues of about US$115 million
Friedman swings to loss amid ‘challenging’ market
Friedman Industries swung to a loss in its fiscal second quarter ended Sept. 30 amid “challenging” business conditions.
Worthington Steel taps Larivey as flat-rolled steel president
Worthington Steel has named Cliff Larivey as the company’s president of flat-rolled steel processing, effective Dec. 1. He will replace Jeff Klingler, who had been performing the role for the past year.
Olympic buys Georgia components manufacturer Metal Works
Cleveland-based Olympic Steel announced its first acquisition of 2024, Georgia-based components manufacturer Metal Works.