Norfolk Iron & Metal, a full-line steel service center based in Norfolk, Neb., will acquire the Coeur d’Alenes Company (Cd’A), a service center and processor headquartered in Spokane, Wash. “We are pleased to welcome the Cd’A team members to the NIM family,” said Richard Robinson, chairman and CEO of NIM. “This investment represents a strategic […]
Contractors Steel Company, a Midwest-based service center operated under UPG Enterprises, has acquired family-owned Borrmann Metal Center, a light structural and specialty metal service center based in the Los Angeles area. Borrmann has two California locations with more than 200,000 square feet of warehouse space and a fleet of 15 trucks. Borrmann offers a wide […]
Stephen Eisenberg has been named chairman and CEO of Kenwal Steel, succeeding his father Kenneth to become the third generation to lead the company. Detroit-based Kenwal is one of the largest service center organizations in North America, listed at No. 17 on this year’s Metal Center News Top 50 Service Centers ranking with 2020 revenues estimated […]
Russel Metals’ third-quarter results showed steady gains from rising steel prices and improved demand as the market comes to grip with the coronavirus. Russel also rationalized some assets during the quarter and is taking steps to reduce its exposure to the volatile energy sector. “Although business conditions remain challenging, they are improving,” said Russel President […]
Canadian steel processor Nova Steel plans to open a new tube manufacturing plant in Bowling Green, Ky. The $70 million project was announced Thursday and includes an initial investment of more than $20 million for the acquisition of a 108,000-square-foot building in the Kentucky Transpark and the purchase and installation of equipment. The plant will […]
Revenues from construction and toll processing exceeded expectations in the third quarter, offsetting some of the weakness in aerospace and energy, reported Reliance Steel & Aluminum Co. in its quarterly conference call today. Touting a record gross profit margin of 32.4 percent, executives of the industry’s largest service center organization told analysts and investors they […]
Zekelman Industries is partnering with Everguard.ai to use artificial intelligence and sensor fusion to increase safety at the company’s steel facilities. The companies will bring Everguard’s Sentri360 platform to Zekelman’s Atlas Tube facility in Blytheville, Ark., for a proactive approach to preventing workplace injuries and accidents. Loading of heavy steel products on trucks and tarping […]
Paragon Steel has broken ground on a 43,000-square-foot addition to one of its two plants in Butler, Ind., on the campus of Steel Dynamics Inc. The $8.3 million expansion will house a new high-performance Braner/Loopco slitting line that will give the service center the capability to process next-generation, high-strength steel grades. The automated triple-turret-head slitting […]
Congratulations to Majestic Steel USA for being honored with its 14th NorthCoast 99 Award, which ranks Majestic among the top 99 workplaces for top talent in Northeast Ohio. NorthCoast 99 winners participated in a rigorous application process that asked for detailed information on how their organization addresses top-performer attraction, development and retention in the following areas: […]
Samuel Roll Form Group, a division of Samuel, Son & Co., is expanding operations at its Iuka, Miss., facility and adding 30 jobs. “Our team is very excited about Samuel’s investment in Iuka. The additional 67,000-square-foot process bay will accommodate a number of additional rolling mills and complementary steel fabricating equipment,” said Samuel Roll Form […]
Canadian-based Nova Tube & Steel says it will delay construction of its new pipe and tube steel plant in Delta, Ohio, until next year. The company plans to build a $70 million facility that will produce structural tubing. Construction was originally scheduled to begin on May 1 of this year, but was delayed due to […]
Alliance Steel looks forward to hosting an open house later this month to show off its impressive new service center in Gary, Ind. No doubt the coronavirus will have a presence at the event, where Alliance personnel will pass out masks and hand sanitizer along with drinks and hors d’oeuvres. Indeed, COVID has been an […]
Canada’s Russel Metals, a North American metals distribution company, generated net income of $5 million on revenues of $588 million in the second quarter of 2020. Total tons shipped fell 14 percent from the first quarter. Results from U.S. operations represented 33 percent of total revenues. “During the second quarter, the pandemic along with low […]
Allegheny Technologies, Inc., posted a net loss of $422.6 million for the second quarter, but feels poised to emerge from the COVID-19 crisis stronger than ever. Revenue slipped 26 percent year-over-year to $770 million. ATI generated between $140 million and $160 million in cost reductions through efficiency measures, right-sizing workforce and reducing working capital. The […]
Commercial Metals Co. has added AZZ’s Continuous Galvanized Rebar division to its portfolio of businesses. GalvaBar, located in Tulsa, Okla., produces galvanized rebar with a zinc alloy coating that provides superior corrosion protection and post-fabrication formability. The product is used in steel reinforced concrete. “We are thrilled to welcome the GalvaBar team to CMC,” said […]
Russel Metals has named Martin Juravsky to succeed the retiring Marion Britton as CFO of the Canadian service center company. “We are moving to the next phase of our planned chief financial officer transition. Martin will assume the role while Marion will continue to support for the balance of 2020 as executive vice president, as well as serving […]
UPG Enterprises, LLC, has hired Bob Ross as Vice President of Sales, Electrical Steel. Ross is responsible for the business development of UPG’s Mapes & Sprowl Steel and Lamination Specialties divisions located in the Chicagoland area. Ross joins UPG with over 20 years’ experience selling electrical steel/laminations with the balance in forgings, metal fabrication and […]
Contractors Steel, a division of UPG Enterprises, has hired Jim Gould as West Region Sales Manager. In his new role, Gould is responsible for the business development of Contractors Steel’s newest service center location in Phoenix, scheduled to open in the fourth quarter. Gould joins Contractors Steel with more than 30 years of experience in […]
Kate Mitchell joins the leadership team of Majestic Steel USA as executive vice president and chief marketing officer. Cleveland-based Majestic is a privately held distributor and processor of flat-rolled steel serving customers in manufacturing, construction and distribution throughout North America. Reporting to Majestic CEO Todd Leebow, Mitchell will oversee brand marketing and corporate communications, as well […]
Mill Steel Co., a distributor of flat-rolled carbon steel, has launched a mobile app to provide customers access to its complete line of prime, excess, and secondary painted and acrylic inventories. The app features real-time pricing for placing transactions. Customers can reorder their products, view order history, place an order for delivery or pickup, and […]
Steel processor JM Steel, a JENNMAR affiliate, will expand its footprint at the site of Steel Dynamics new flat roll steel mill in Sinton, Texas. The JM facility will include three slitting lines capable of producing 30,000 tons of steel a month. The first line will have capabilities of 0.500″ by 84″ at 80,000 psi, […]
O’Neal Steel is expanding with the opening of a new metal distribution center in St. Joseph, Mo. The 64,000-square-foot warehouse and distribution center will open on June 1. “We are thrilled about our expansion into the St. Joseph market. This new facility opening aligns with growing demand in the area, and we are extremely well […]
Alliance Steel, LLC, is open for business at its new headquarters in Gary, Ind. The company’s Bedford Park location will cease operations in mid-2020. Alliance, a leading distributor and processor of flat rolled steel, has been in operation on Chicago’s south side for 20 years. The company announced its plans to relocate to Northwest Indiana […]
Canada’s Imperial Manufacturing Group has acquired Pointe-Claire/Green Valley Steel Group, Inc., a steel service center headquartered in Hamilton, Ontario, with facilities in Pointe-Claire, Quebec, and Bolton, Ontario. Imperial Manufacturing, based in Richibucto, New Brunswick, is a conglomerate of businesses centered around the HVAC and building products industries. “After working on this agreement for quite some […]
Russel Metals’ first-quarter results, while still profitable, reflect the downturn in the U.S. and Canadian economies and the weakness in the energy sector. Russel generated net income of $11 million on revenues of $815 million in the quarter, compared to income of $34 million on revenues of $1 billion in the 2019 first quarter and […]
Thyssenkrupp Materials NA, Inc., Southfield, Mich., has filed suit challenging the constitutionality of the Trump administration’s Section 232 tariffs. The North American distribution arm of Germany’s Thyssenkrupp, TKMNA is an importer of steel and aluminum. The complaint, filed April 21 with the U.S. Court of International Trade, alleges that the Commerce Department has granted exclusions […]
Service centers polled by Steel Market Update this week reported layoffs and sales declines expected to range from 30-70 percent. Steel orders are being canceled or delayed at most companies as steps to fight the coronavirus take a toll on regional economies across the country. Following are some executives’ comments: “We have not had customers […]
Distributor Kloeckner anticipates its continued drive to sell metals online, along with stable steel prices, will boost operating income this year. Efficiency improvements and cost savings, such as those generated through growing automation of processes through digital applications, will also play their part in raising earnings, the German company said. Kloeckner distributes carbon sheet, long, […]
A new steel plant is slated for Canonsburg, Pa. Ameri-Precision Metals Inc. has begun construction on a 250,000-square-foot facility to produce cold-rolled and heat-treated carbon steel strips. Ameri-Precision is leasing the location from Pennsylvania Transformer. The facility should be running by April or May with phase 1 production beginning in July. The site of the […]
State Steel and SPS Companies have acquired steel fabricator Kooima Co. Kooima, based in Rock Valley, Iowa, provides steel fabrication solutions to OEMs and other manufacturers, including laser cutting, bending, machining and welding. State Steel, headquartered in Sioux City, operates multiple service centers in Iowa as well as metal recycling operations in four states. Kansas-based […]