.gif?width=220&height=200&mediaprotectionhash=b13da841472e6e7ed500ee35df2a350aaf53d75246118b33ea2095cc7e9a3fc4&ext=.gif)
Service Centers
The latest news on companies processing and distributing steel products.
Latest News
Tenova I2S to Supply Temper Mill for Olympic Steel’s new Gary Plant
20 December 2010 - Tenova I2S will supply to supply a Four-High Temper Mill at Olympic Steel’s planned new site at U.S. Steel’s Gary Works plant in Gary, Ind.
Reliance Acquires Lampros Steel Assets
06 December 2010 - Reliance Steel & Aluminum has acquired the outstanding capital stock of Lampros Steel and a related interest in Lampros Steel Plate Distribution LLC.
Ryerson to Open Plate Processing Center in Iowa
30 November 2010 - Ryerson announced plans to open a plate processing center in Iowa capable of a range of process including laser cutting, plasma and oxy-fuel burning, robotic beveling, plate blasting, machining and press brake bending.
Metals USA Holdings to Acquire Eagle Steel Affiliate
23 November 2010 - Metals USA Holdings has entered into an agreement to purchase an affiliate of Eagle Steel Products that is to be named Ohio River Metal Services (ORMS).
Olympic Steel Orders Temper Mill, Cut-to-Length Line for Gary Site
10 November 2010 - Olympic Steel, Inc. has signed agreements to purchase a new temper mill and cut-to-length line; the company plans to locate it on U.S. Steel’s Gary Works facility in Gary, Ind. The temper mill equipment is expected to be operational in the first half of 2012.
Russel Metals Reports Q3 2010 Net Earnings
03 November 2010 - Russel Metals Inc. announced third-quarter earnings of $17 million, or $0.28 per share, compared with $0.31 per share for the second quarter of 2010 and $0.21 per share for the 2009 third quarter. For the nine months ended September 30, 2010, net earnings were $52 million, or $0.87 per share, on revenues of $1.6 billion.
Reliance Steel Reports Q3, Nine-Month Results
22 October 2010 - For the 2010 third quarter ended September 30, 2010, Reliance Steel & Aluminum Co. reported net income of $48.7 million, an increase of 17% compared to 2009 third-quarter net income of $41.8 million. Sales were $1.65 billion, a 33% increase from 2009 Q3 sales of $1.24 billion.
Ryerson to Open El Paso Service Center
21 October 2010 - Ryerson Inc. plans to open a service center in El Paso, Tex., that is expected to begin operations in mid-October. The facility will service the El Paso/Juarez, Mexico, market and will distribute a range of carbon, aluminum, and stainless steel products.
Russel Metals Comments on Potential Strike in British Columbia
21 October 2010 - Russel Metals Inc. is currently in mediation discussions with a B.C. Ministry of Labour mediator and United Steelworkers representatives to help reach agreement on language and issues related to five plants in British Columbia. Under the mediation process, the parties can neither strike nor force a lockout.
Reliance Steel Acquires Diamond Consolidated Industries and Affiliates
04 October 2010 - Reliance Steel & Aluminum Co. has acquired the outstanding capital securities of Diamond Consolidated Industries, Inc. and affiliated companies. All the businesses will operate as divisions of Diamond Manufacturing Co., which will operate as a subsidiary of Reliance.
Olympic Steel Completes 7th Annual Partnership with Make-A-Wish
21 September 2010 - Olympic Steel, Inc. announced record results for its seventh annual partnership with the Make-A-Wish Foundation®. The company’s month-long campaign concluded with total contributions of $56,830, exceeding its previous record by more than $10,000.
Russel Metals Announces Executive Promotion
15 September 2010 - Russel Metals Inc. has promoted John G. Reid to Vice President Operations, Service Centers. In addition to his current responsibilities for U.S. service centers, Reid will add oversight of the company's service centers in British Columbia, Alberta, Manitoba, and Saskatchewan.
Olympic Steel to Add Service Center in Kentucky
27 August 2010 - Olympic Steel has purchased a service center facility in Mount Sterling, Ky., that it will use to perform plate burning, machining, forming, and shot blasting.
Olympic Steel Recognized for Workplace Safety and Health Excellence
19 August 2010 - Olympic Steel has received an award from the Michigan Occupational Safety and Health Administration in recognition of the exemplary safety and health management program at its Detroit, Mich., facility.
Ryerson Opens New Mexican Service Center
19 August 2010 - Ryerson Inc. has opened a new service center in Monterrey, Nuevo Leon, Mexico. Expected to begin operations August 30, 2010, the facility will serve as a general line service center and carry a range of carbon, aluminum, and stainless steel products in different shapes.
Russel Metals Reports Stronger Q2 2010 Net Earnings
12 August 2010 - Russel Metals Inc. announced second-quarter earnings of $19 million, or $0.31 per share, an improvement of $0.28 per share from the first quarter of 2010. These results were stronger than both the comparable adjusted net earnings for the second quarter of 2009 of $0.10 per share and the reported loss of $0.41 per share.
Ryerson Continues Southwest U.S. Expansion via Acquisition
10 August 2010 - Ryerson Inc. has acquired SFI-Gray Steel Inc., a steel plate processor based in Houston, Tex., as part of its ongoing initiative to expand product and service offering in this market.
Olympic Steel Elects New Board Member
05 August 2010 - Olympic Steel, Inc.’s Board of Directors has elected the Honorable Dirk A. Kempthorne as a Director, effective immediately. Governor Kempthorne will also serve on the Nominating Committee of the Board.
Metals USA Reports Q2 2010 Results
23 July 2010 - Metals USA Holdings Corp. reported sales revenues of $335.0 million for the second quarter of 2010 ended June 30, 2010. This compares favorably to sales revenues of $287.9 million for the first quarter of 2010 and $267.8 million for the same period a year ago.
Olympic Steel Completes New Credit Facility
12 July 2010 - Olympic Steel, Inc. completed a new $125 million five-year asset based credit facility on June 30. The new ABL facility, which replaces the company’s existing $130 million credit facility that was due to expire in December 2011, has a maturity date of June 30, 2015.
