Steel Mills

Ryerson Buys Ford Tool Steels

Written by Laura Miller

June 2, 2022

Ryerson is adding a Midwestern tool steel processor to its extensive portfolio of companies.

RyersonThe metals service center group has acquired St. Louis-based Ford Tool Steels (FTS) for an undisclosed sum. FTS processes tool steels and alloys with cut-to-length sawing, plate sawing, and grinding and mill services.

Ryerson believes the sawing and machining capabilities of FTS will be a synergistic fit with another subsidiary, Southern Tool Steel, which it acquired in 2015.

Chicago-based Ryerson currently operates approximately 100 locations throughout the US, Canada, Mexico, and China.

By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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