Service Centers

NIM Group Closes Acquisition of Plateplus Plant in Colorado
Written by Tim Triplett
March 1, 2022
NIM Group has acquired Plateplus Inc.’s Windsor, Colo., plant, further expanding the product lines and processing capabilities of the family-owned network of service centers.
“We are pleased to welcome the Windsor team to the NIM Group family,” NIM Group president and COO Arnie Robinson said. “This facility is a great fit to continue our growth and investment in the Western United States.”
Plateplus supplies hot-rolled steel coil, sheet and plate from six service centers strategically located throughout the U.S. Its Windsor plant processes hot-rolled steel coils into sheet and plate products.
NIM Group is the parent company of Norfolk Iron & Metal, Metalwest and Cd’A Metals. Combined, they operate 17 locations nationwide with daily deliveries to customers in 30 states.
By Tim Triplett, Tim@SteelMarketUpdate.com

Tim Triplett
Read more from Tim TriplettLatest in Service Centers

Worthington Steel and Samuel to close Cleveland coil processing JV
Worthington Steel confirmed it is closing the Worthington Samuel Coil Processing (WSCP) facility in Cleveland. WSCP is a joint venture between Worthington Steel and Oakville, Ontario-based Samuel, Son & Co.

Galvanized buyers brace for market shifts amid rising tariffs
One buyer summed up the prevailing sentiment: “Everything is pointing up — pricing, sentiment, order activity. But the real test will come once the immediate reactionary buying subsides. Will there be enough true demand to support these levels through mid-year? That’s the big unknown.”

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.