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Service Centers
The latest news on companies processing and distributing steel products.
Latest News
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.
Reliance Completes Acquisition of Worthington Steel Vonore Assets
02 May 2012 - Reliance Steel & Aluminum Co., through its wholly owned subsidiary Precision Strip, Inc., has completed the acquisition of the assets of the Worthington Steel Vonore plant, a processing facility owned by Worthington Industries, Inc.
Metals USA Reports First Quarter 2012 Results
20 April 2012 - Metals USA Holdings Corp. reported net sales for the first quarter of 2012, ended March 31, of $525.3 million, up 22% from net sales of $432.3 million recorded for the first quarter of 2011. Net income was $16.3 million, compared to first quarter 2011 net income of $12.4 million.
Ryerson to Open New Illinois Service Center
19 April 2012 - Ryerson Inc. announced that it will open a new bar processing depot and full line service center in DeKalb, Ill. The 150,000-square-foot facility is expected to begin operations in June 2012.
Reliance Increases 2012 First Quarter Outlook
19 April 2012 - Reliance Steel & Aluminum is updating its guidance regarding the company’s earnings estimates for the first quarter ended March 31, 2012.
Steel Technologies to Expand Operations in Mexico
04 April 2012 - Steel Technologies LLC has secured land in the municipality of Celaya, Mexico, to construct its recently announced flat-rolled steel processing operation. The new 125,000-square-foot facility will be equipped with two slitting lines as well as space for additional equipment.
Metals USA Acquires Gregor Technologies
14 March 2012 - Metals USA Holdings Corp. has acquired Torrington, Conn., based Gregor Technologies, LLC, a provider of high-quality custom-crafted parts and assemblies and tailored solutions to OEM customers in several attractive end markets.
Ryerson Expands Into South America
27 February 2012 - Ryerson has expanded into South America for the first time with the acquisition of a 50% stake in Acofran Acos e Metais LTDA, a steel service center based in Sao Paulo, Brazil. The company's product line comprises primarily long products, specifically flat and round bar.
Olympic Steel Reports 4th Quarter, Annual Financial Results
24 February 2012 - Olympic Steel, Inc. reported that net sales for the fourth quarter of 2011 totaled $319.9 million, its highest ever for a fourth quarter. Net sales for the year totaled $1.26 billion, a record annual revenue total and an increase of 56.7% from $805 million in 2010.
Reliance Steel & Aluminum Reports 2011 Financial Results
20 February 2012 - Reliance Steel & Aluminum Co. reported net income of $67.9 million on Sales of $2.03 billion for the fourth quarter, and net income of $343.8 million on sales of $8.13 billion for the year ended December 31, 2011.
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.
Reliance Steel & Aluminum Acquires McKey Perforating Company
02 February 2012 - Reliance Steel & Aluminum announced completion of the acquisition of McKey Perforating Co., Inc. and its subsidiary McKey Perforated Products Co.
Metals USA reports 4th Quarter, Fiscal 2011 Results
31 January 2012 - Metals USA Holdings reported net income of $14.0 million on net sales of $455.7 million for the fourth quarter and net income of $64.6 million on net sales of $1.9 billion for the year ended December 31, 2011.
Production Starts at Bahru Stainless
29 December 2011 - Bahru Stainless recently started up its factory in Johor Bahru, Malaysia, successfully processing its first coil in the annealing and pickling line AP1 on December 12.
Ryerson Expands Long Products Capacity
13 December 2011 - Ryerson has acquired Turret Steel Industries, Inc. and Sunbelt-Turret Steel, Inc., steel service centers headquartered in Pittsburgh. The acquisition also includes Turret-affiliated companies Wilcox Steel and Imperial Logistics.
Ryerson Opens Service Center in Tijuana, Mexico
09 December 2011 - Ryerson Inc. announced the opening of its newest service center in Tijuana, Baja California, Mexico, offering a wide range of products and processing capabilities.
Ryerson Announces Major Expansion of Little Rock Operations
05 December 2011 - Ryerson announced a renovation and expansion of its Little Rock, Ark., service center including the addition of heavy plate leveling, straightening and forming equipment as well as shot-blasting capability.
Ryerson Opens New Long Products Service Center in Houston
01 December 2011 - Ryerson has opened a new service center in Houston, Texas, that is completely devoted to the processing and distribution of long products.
Ryerson Opens New Service Center in Salt Lake City
15 November 2011 - Ryerson Inc. celebrates the grand opening of their newest service center located in Salt Lake City, Utah.
Olympic Steel Reports Record Third Quarter Net Sales
09 November 2011 - Olympic Steel, Inc. reported net income of $6.1 million on record net sales of $348.5 million for the third quarter, and net income of $24.4 million on net sales of $941.9 million for the nine months ended September 30, 2011.
