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
Domestic HR, offshore prices decline
US hot-rolled (HR) coil prices slipped this week, while tags in offshore markets were also largely down. Thus, the price premium between stateside hot band and imports on a landed basis was relatively unchanged.
Kloeckner, SDI collaborate on aluminum plant in Mississippi
The investment is aimed at growing Kloeckner’s automotive and industrial segment in the US and Mexico.
HVAC shipments slip in September but are still trending higher
Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
Dodge Momentum moves down again
Slowing growth in data center planning and nonresidential projects caused the Dodge Momentum Index (DMI) to pull back in October.
AISI: US steel shipments slip in September
Domestic steel shipments decreased both on-year and month over month in September.