Steel Products

Ryerson adds Hudson Tool Steel Corp. to portfolio
Written by Becca Moczygemba
December 5, 2023
Ryerson Holding Corp. announced Dec. 4 that it acquired Hudson Tool Steel Corporation.
The Cerritos, Calif.-based Hudson is a supplier of tool steels and high-speed, carbon, and alloy steels. The company has additional locations in Loves Park, Ill., and Dover, N.H. Terms of the deal were not disclosed.
“Hudson’s offering of high-quality standard and specialty-grade tool steel builds upon Ryerson’s expanding tool steel business,” said Ryerson’s chief operating officer, Mike Burbach in a press release.
Other acquisitions the Chicago-based metals service center made in 2023 include TSA Processing , Norlen Inc, and BLP Holdings LLC. Ryerson has approximately 100 locations throughout North America and China.

Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products

US HR prices surge above offshore tags
Hot-rolled (HR) coil prices leaped in the US this week, while tags abroad saw more measured gains. The result: US hot band prices have become even more expensive than imports on a landed basis. In fact, the premium US HR prices carry over HR prices abroad now stands at a 12-month high.

US rig counts inch up again, Canadian activity slips
The latest oil and gas rig count in the US increased slightly from last week, while Canadian activity edged lower, according to Baker Hughes.

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]

CRU: Rising protectionism impacts global steel trade
US sheet prices surge following tariff announcement

SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]