Service Centers
Ryerson Expands Non-Ferrous Distribution, Buys TSA Processing
Written by Becca Moczygemba
November 2, 2023
Ryerson Holding Corp. has acquired non-ferrous metals distributor TSA Processing.
“TSA’s expertise in non-ferrous processing and polishing strengthens Ryerson’s value-added services within our own industry-leading stainless and aluminum franchises,” Ryerson COO Mike Burbach said in a press release on Wednesday.
Terms of the deal were not disclosed. Prior to this announcement, the metals service center’s most recent acquisition was Wisconsin-based fabricator Norlen Inc. last month.
TSA processes flat-rolled aluminum and stainless steel in six locations across the Midwest and Southern US. The Houston-based non-ferrous processor will remain under the leadership of former owners Bill Tresten and Monte Sneed, according to the release.
Becca Moczygemba
Read more from Becca MoczygembaLatest in Service Centers
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.
Tampa Steel Conference: Service centers more upbeat about 2025
If 2021 and 2022 was the party, 2024 is the morning after, one panelist said.