Category: Service Centers

Klöckner & Co. posted a narrower net loss in the third quarter as the Duisburg, Germany-based service center group touted the expansion of its North American footprint.

Grand Rapids, Mich.-based carbon flat-rolled steel distributor Mill Steel Co. has appointed Kip Craddick as its new VP of sales.

Ryerson saw lower sales and shipments in the third quarter and is anticipating further declines in the last quarter of the year.

SMU’s Current and Future Steel Buyers Sentiment Indices both increased this week, based on our most recent survey data. Every other week we poll steel buyers about sentiment. The Steel Buyers Sentiment Indices measure how steel buyers feel about their company’s chances of success in the current market, as well as three to six months down the road. We have historical data going back to 2008. Check our interactive graphing tool here.

Reliance Steel & Aluminum is anticipating overall demand to remain healthy through year’s end despite some weakening in some sectors and normal seasonality.

Ranger Steel Services has acquired the steel operations of Detroit-based heavy plate distributor Nance.

Cleveland-Cliffs says it is taking advantage of higher demand from the automotive sector – its biggest end-use market – this year.

After more than 40 years in the steel industry, James Bouchard announced he will be retiring as CEO of Esmark Inc., effective Nov. 23.

Feralloy Corp. is planning an $8.75-million expansion at its Decatur, Ala., Red Hat Road plant, according to a local report.

Samuel, Son & Co. has named Maria Perrella as its new CFO.

Leeco Steel has promoted Tom Murray to sales manager, north. The appointment was effective Oct. 1.

Esmark Steel Group has established Esmark Steel International, a business focused on supplying the Mexican industrial steel market.

Cleveland-based service center group Olympic Steel has named a new aluminum sales director.

Worthington Industries Inc. announced on Oct. 5 the expansion of its Tempel Steel facility in Apodaca, Mexico.

Commercial Metals Company (CMC) has unveiled its new branding as "CMC," reflecting its growth beyond metals.

Ryerson has acquired Norlen Inc., a Wisconsin-based metal fabricator, for an undisclosed sum.

Olympic Steel has acquired Conway, Ark.-based Central Tube & Bar (CTB).

Worthington Industries said it has so far been little impacted by the United Auto Workers (UAW) strike.

Worthington Industries Inc. on Wednesday reported net income of $96.1 million in its fiscal 2024 first quarter, up 49.9% from a year earlier despite net sales falling 15.3% over the same period. The Columbus, Ohio-based service center and manufacturer said the drop resulted mostly from lower average prices in its steel processing division as well as lower overall sales volumes.

Kenwal Steel has hired Dean Kreuzer to the newly created position of vice president of strategy and business development.

Steel mill lead times were largely unchanged this week, with hot rolled extending slightly and plate falling back marginally.

In a Steel Summit fireside chat, Karla Lewis, president and CEO of service center group Reliance Steel & Aluminum, sat down with SMU managing editor Michael Cowden to talk about current demand trends and where she’s leading her company.

Russel Metals posted solid second-quarter earnings. The Toronto-based company anticipates a continuation in steady demand for its service centers and steel distributors.

Flack Global Metals (FGM) said it has completed an investment in Windsor America, parent of Windsor Door, Garage Door Services of USA and Lodi Door.

Despite an uncertain economic outlook, Olympic Steel is expecting demand to remain steady in the current quarter.

Jackson, Mich.-based Alro Steel said it plans to acquire Heimansohn Steel, a metals service center based in Clarksville, Tenn.  Alro’s aquisition is expected to close by July 28, the company said in a news release on July 11. “We are excited to welcome Heimansohn Steel to the Alro family. This acquisition will benefit our customers with […]

Leeco Steel has acquired Texas plate processor Titan Steel. Titan Steel, based in Alvarado, Texas, specializes in plasma and oxy-fuel cutting and machining of steel plate. The acquisition will allow Leeco to produce parts that require precision machining and milling. The purchase closed on June 30. Terms of the deal were not disclosed. As of […]

The US Department of Commerce recently updated antidumping and countervailing duty rates on a number of different welded pipe and tube products. An SMU review of the US government’s Federal Register show the following changes by Commerce in multiple administrative reviews: Welded Line Pipe from South Korea Considering the one-year period ended Nov. 30, 2021, […]

Ohio-based Miami Valley Steel Service Inc. (MVSS) has named Nick Straka as its new president and CEO, effective July 1.  The steel service center said Straka joined MVSS in 2005 in sales, and currently serves as the COO. He will be replacing Lou Moran, who will be stepping down as president and CEO after 14 years. […]

Sabel Steel Service Inc. has acquired Beaumont, Texas-based metals service center Sampson Steel Corp., effective Thursday, June 1. “Sampson Steel joins the Sabel Steel family with 107 years of history in the metals industry,” Keith Sabel, president and CEO of Sabel Steel, said in a statement via Linkedin. Stephen Eisen, previously president of Sampson Steel, […]