Russel Metals
Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy products and steel distributors, under various names.
Latest News
Russel Metals Announces the Acquisition of Western Fiberglass Pipe Sales
25 May 2015 - Russel Metals Inc. announced that it completed the acquisition of the operations of Western Fiberglass Pipe Sales.
Russel Metals Announces Strong 2014 Annual and Fourth Quarter Results
20 February 2015 - Russel Metals Inc. (RUS - TSX) announced financial results for fourth quarter and annual 2014.
Russel Metals Installs Red Bud Stretcher Leveler Retrofit
01 September 2014 - Russel Metals, located in Mississauga, Ont., Canada, recently installed a Red Bud Industries .250” (6 mm) x 72” (1830 mm) stretcher leveler with SUREGRIP® technology in an existing cut-to-length line at its B&T Steel Division in Stoney Creek, Ont.
Russel Metals Benefitting from Strengthening Economy in U.S., Canada
19 August 2014 - Russel Metals Inc. announced second quarter 2014 earnings of US$31 million or US$0.50 per share on revenues of US$893 million reflecting strong operating margins in all segments.
Russel Metals’ Energy Products Segment to be Area of Focus in 2014
21 February 2014 - As it reported its fourth quarter and full year 2013 results, Russel Metals commented on both its energy products segment and its steel distributors segment.
Butech Bliss Supplies Hydraulic Roller Leveler to Russel Metals
06 September 2013 - Butech Bliss has completed the design, manufacturing, installation and start-up of a new state-of-the-art Synergy™ hydraulic roller leveler for Russel Metal’s existing heavy gauge cut-to-length line at their B&T Steel division located in Stoney Creek, Ontario.
Russel Metals Purchases Red Bud Stretcher Leveler Retrofit
05 April 2013 - Russel Metals, located in Mississauga, Ontario, Canada, recently purchased a Red Bud Industries’ stretcher leveler with SUREGRIP® technology to be installed in an existing cut-to-length line at their B&T Steel Division in Stoney Creek, Ontario.
Russel Metals Upgrading Cut-to-Length Lines in Ontario
08 February 2013 - Russel Metals Inc. is investing $7 million to upgrade its two cut-to-length lines at its B&T Steel division in Stoney Creek, Ont., Canada.
Russel Metals Releases Third Quarter Earnings Results
31 October 2012 - Russel Metals Inc. announced third quarter 2012 earnings of $23 million on revenues of $713 million, noting competitive pricing pressures and lower margins despite higher volume line pipe orders.
Russel Metals Announces Execution of Apex Distribution Agreement
26 October 2012 - Ontario-based Russel Metals has entered into an agreement to acquire Canadian oilfield supply company Apex Distribution. Apex will complement Russel's existing energy tubular products segment and provide a new channel of distribution into the Western Canadian market, the company says.
Russel Metals Comments on Strike at Boucherville Plant in Quebec
11 September 2012 - Russel Metals Inc. announced that it is in discussions with the Québec Ministry of Labour and the Confédération des Syndicats Nationaux (CSN) representatives to reach agreement on language and issues related to the company’s Acier Leroux plant in Boucherville, Quebec. During this process the union has taken strike action.
Russel Metals to Acquire Alberta-Based Apex Distribution
30 August 2012 - Russel Metals Inc. has entered into an agreement with Apex Distribution Inc. pursuant to which Apex has agreed to deal exclusively with Russel Metals until 31 October 2012 and the parties have agreed to negotiate in good faith to enter into a definitive agreement for the acquisition by Russel Metals of Apex Distribution and related companies.
Russel Metals Announces Second Quarter Results
03 August 2012 - Russel Metals Inc. announced second quarter 2012 earnings of $23 million on revenues of $719 million.
Russel Metals to Acquire Alberta Industrial Metals
28 May 2012 - Russel Metals has signed an agreement to acquire Alberta Industrial Metals Ltd., a metals distribution and processing service center located in Red Deer, Alberta.
Russel Metals Announces First Quarter Results
04 May 2012 - Russel Metals Inc. announced first quarter 2012 earnings of $33 million, or $0.55 per share on revenues of $803 million. These results matched the earnings in the same quarter last year and are above the fourth quarter 2011 earnings of $0.47 per share.
Russel Metals Completes Acquisition of Siemens Laserworks
02 May 2012 - Russel Metals Inc. has completed its acquisition of Siemens Laserworks Inc., a value-added laser processing company with trailing twelve months revenues of $33 million.
Russel Metals Reports Strong 2011 Results
16 February 2012 - Russel Metals Inc. announced earnings of $29 million on revenues of $712 million for the fourth quarter and earnings of $118 million on revenues of $2.7 billion for the full year 2011.
Russel Metals Announces Third Quarter Results
04 November 2011 - Russel Metals announced earnings of $26 million on revenues of $705 million for the third quarter, and net earnings of $90 million on revenues of $2.0 billion for the nine months ended September 30, 2011.
Russel Metals Announces Strong 2nd Quarter Results
04 August 2011 - Russel Metals announced earnings of $31 million on revenues of $619 million for the second quarter, and net earnings of $64 million on revenues of $1.3 billion for the first six months of 2011.
Russel Metals to Increase Domestic Focus on OCTG Product
18 January 2011 - Russel Metals Inc. announced the appointment of Dean Rougas, an OCTG veteran, as the new President of the company's Spartan Steel Products division.
