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Service Centers
The latest news on companies processing and distributing steel products.
Latest News
Wilkinson Steel Enters Into Agreement to Sell its Assets to Samuel, Son & Co.
01 April 2013 - Wilkinson announced that it has reached an agreement to sell its assets to Samuel, Son & Co., Ltd. The transaction is expected to close late next month following regulatory approval.
North American Service Center Shipments Fell in February
19 March 2013 - Steel shipments from U.S. service centers during the month of February declined almost 8% from a year ago while declines in U.S. service center aluminum shipments declined by just over 12%, the Metals Service Center Institute reported.
MRC Global and NAWAH to Open Distribution Facility to Support Iraq's Energy Sector
12 March 2013 - Pipe, valves and fittings distributor MRC Global Inc. and NAWAH LLC, a company aimed at building enduring businesses in Western Asia, announced an exclusive logistics alliance to serve Iraq's booming oil and gas market.
Metals USA Announces End of "Go-Shop" Period, Termination of Antitrust Waiting Period
11 March 2013 - Metals USA Holdings Corp. announced the expiration of the 30 day "go-shop" period pursuant to the terms of the previously announced merger agreement between Metals USA Holdings Corp. and Reliance Steel & Aluminum Co.
Marmon/Keystone Opens Newly Constructed Birmingham Service Center
08 March 2013 - Marmon/Keystone announced the completion of a 105,000 sq. ft. service center 10 miles northeast of downtown Birmingham, Ala. The facility was completely rebuilt from the ground up after sustaining severe damage from an EF3 tornado, which devastated the area in January 2012.
Klockner & Co. Sales Increase Led by Growth in U.S.
06 March 2013 - Klöckner & Co. reported that turnover and sales increased significantly in the fiscal year, largely due to the acquisition of Macsteel Service Centers USA and strong organic growth in the U.S.
MRC Global Announces Q4 and Full Year 2012 Results
25 February 2013 - MRC Global said 2012 was a landmark year for the company as it completed anIPO and a secondary offering, significantly reduced debt and interest expense, improved its product mix and grew its business both organically and through strategic acquisitions.
Reliance Steel & Aluminum Reports 2012 Results, 2013 Outlook
21 February 2013 - Reliance Steel & Aluminum says its fourth quarter results reflect the impact of continued global economic uncertainty coupled with normal seasonal trends and expects global economic and political uncertainty to continue negatively impacting the metals industry in the 2013 first quarter.
Olympic Steel Reports 2012 Fourth Quarter and Full Year Results
21 February 2013 - Olympic Steel said 2012 ended with a disappointing quarter as steel demand and pricing declined in tandem with mounting political and fiscal uncertainty masking much of the company's operational headway.
2013 Off to a Slow Start for North American Service Centers
20 February 2013 - Service centers’ metal shipments decrease in January 2013 from last January’s levels at small, single digit rates in both the U.S. and Canada, the Metals Service Center Institute reports.
Owner of Knauf Interfer Acquires 7.82% Stake in Klöckner & Co.
19 February 2013 - Klöckner & Co was notified that Interfer Holding GmbH, a portfolio company of the Dr. Albrecht Knauf family, acquired 7.8 million ordinary shares in Klöckner & Co SE. That represents 7.82% of the total share capital.
CHRG Metals Doubles Facility Size with Relocation
08 February 2013 - Due to increased business and the need for additional processing equipment and storage of inventory, CHRG Metals, a specialty division of O’Neal Steel, is preparing to move to a facility twice the size of its current operation in Houston.
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.
Reliance Steel to Buy Metals USA in Deal Worth $1.2 Billion
06 February 2013 - Reliance Steel & Aluminum Co. and Metals USA Holdings Corp. announced a definitive merger agreement whereby Reliance Steel & Aluminum Co. will acquire all outstanding shares of Metals USA Holdings Corp. for US$20.65 per share in cash, representing an enterprise value of approximately US$1.2 billion.
A. M. Castle Announces New Commercial Leadership Team
22 January 2013 - A. M. Castle & Co. announced the appointment of four executives who will comprise its new commercial leadership team.
A. M. Castle & Co. Announces Plan to Reduce Costs and Improve Performance
17 January 2013 - A. M. Castle & Co., a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, announced restructuring actions, including an organizational restructuring, warehouse realignments and performance improvement programs.
MSCI: 2012 Service Center Shipments Match 2011
16 January 2013 - With the exception of aluminum shipments in Canada, which increased moderately, the slowdown in North American service center shipments from 2011 levels that has characterized the second half of 2012 and continued in December, left the year about even with 2011.
Ranger Steel Names New C-Suite Leaders
15 January 2013 - Houston-based steel plate distributor Ranger Steel Services LP has recently named a new CEO, president and COO, the Houston Business Journal reports.
Klöckner & Co. Apoints New Member to Its Management Board
11 January 2013 - The Supervisory Board of Klöckner & Co SE has appointed Karsten Lork as a member of the company's Management Board with responsibility for Europe and Asia.
Shale-Inland Holdings Names New CFO
10 January 2013 - Shale-Inland Holdings, LLC announced the appointment of Gary Haire to the position of chief financial officer.
