Steel Products

Insteel acquires Liberty’s EWP assets for $70M
Written by David Schollaert
October 22, 2024
Insteel Wire Products Co., a subsidiary of Insteel Industries, has acquired Liberty Steel’s Engineered Wire Products (EWP) for $70 million with cash on hand.
Sandusky, Ohio-based EWP manufactures welded wire reinforcement products and has production facilities in Warren, Ohio, and Las Cruces, N.M. Its sales totaled $93.3 million for the 12 months ended Sept. 30.
“We are pleased to complete the acquisition of EWP,” said Insteel President and CEO H.O. Woltz III. “The acquisition of EWP will enhance our customer service capabilities and drive down operating costs through operational synergies.”
The acquisition also expands Insteel’s geographic footprint, better positioning it to serve the Midwest market, added Woltz.
Mount Airy, N.C.-based Insteel is an independently owned steel wire reinforcing product manufacturer serving the residential and non-residential construction sectors. It operates 12 manufacturing facilities across the US.

David Schollaert
Read more from David SchollaertLatest in Steel Products

Nucor increases plate prices by $40/ton
Nucor aims to increase prices for steel plate by $40 per short ton (st) with the opening of its May order book. The Charlotte, N.C.-based steelmaker said the increase was effective with new orders received on Friday, March 28, in a letter to customers dated the same day. The company said the price hike applied […]

US CRC price gains ground over imports
US cold-rolled (CR) coil prices increased again this week, while offshore prices declined.

SMU Steel Demand Index momentum slows
Steel Market Update is pleased to share this Premium content with Executive members. Contact info@steelmarketupdate.com for information on how to upgrade to a Premium-level subscription. Growth in SMU’s Steel Demand Index eased in March after reaching a four-year high in late February. Despite a moderate gain, the index remains in expansion territory. The Steel Demand […]

Leibowitz: Impact of tariffs on US manufacturers
On February 10, President Trump announced a massive restructuring of tariffs on steel and aluminum. Those changes took effect on March 12, and they will impact US manufacturing. What will the impact be? Bye-bye exclusions Perhaps the most important change, which hits imports from all countries, is the loss of a product exclusion process to […]

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 […]