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The latest news on companies processing and distributing steel products.
Latest News
Reliance Steel & Aluminum Reports Record Nine-Month Results
20 October 2008 - Reliance Steel & Aluminum reports net income of $152.5 million on record sales of $2.57 billion for the third quarter, and record net income of $416.5 million on record sales of $6.58 billion for the nine months ended September 30, 2008.
Ryerson to Pay Additional Interest on Outstanding Senior Secured Notes
09 October 2008 - Ryerson will pay additional interest until it consummates its Exchange Offer of 12% Senior Secured Notes due 2015 and Floating Rate Senior Secured Notes due 2014.
Russel Metals Announces Automatic Share Purchase Plan
23 September 2008 - Russel Metals enters into an automatic share purchase plan with a broker to facilitate repurchases of its common shares under its previously announced normal course issuer bid.
Reliance Steel & Aluminum Acquires HLN Metal
18 September 2008 - Reliance Steel & Aluminum acquires the assets of the Singapore operation of HLN Metal Centre Pte. Ltd. For a purchase price of approximately $2.6 million.
Olympic Steel Announces Recipient of Chairman’s Humanitarian Award
22 August 2008 - Olympic Steel announces the 2008 recipient of its Chairman’s Humanitarian Award, which recognizes employees for extraordinary contributions to the community or special initiative, resourcefulness and courage in an emergency situation.
Gibraltar Reports 2nd Quarter Earnings
11 August 2008 - Gibraltar Industries reports net income of $20.1 million on net sales of $379.2 million for the second quarter, and net income of $26.8 million on net sales of $704.8 million for the six months ended June 30, 2008.
Russel Metals Reports 2nd Quarter Earnings
06 August 2008 - Russel Metals reports net earnings of $79 million on consolidated revenues of $856 million for the quarter ended June 30, 2008.
Reliance Steel & Aluminum Completes PNA Acquisition
05 August 2008 - Reliance Steel & Aluminum completes its acquisition of the outstanding capital stock of PNA Group Holding Corp., raises $500 million in a new unsecured term loan, and settles cash tender offers for PNA’s Senior Notes.
Reliance Steel & Aluminum Drops Proposed Common Stock Offering
28 July 2008 - Reliance elects not to proceed with its previously announced public offering of 6,750,000 shares of its common stock, which was to help fund its pending acquisition of PNA Group Holding.
Reliance Announces Public Offering of Common Stock
18 July 2008 - Reliance Steel & Aluminum announces its intention to offer 6,750,000 shares of its common stock in a registered public offering.
Reliance Steel & Aluminum Reports Record 2nd Quarter, YTD Results
18 July 2008 - Reliance Steel & Aluminum reports record net income of $156.6 million on record sales of $2.1 billion for the second quarter, and record net income of $264.0 million on record sales of $4.0 billion for the six months ended June 30, 2008.
Metals USA Reports Record 2nd Quarter Results
15 July 2008 - Metals USA Holdings announces net income of $39.8 million on net sales of $593.1 million for the second quarter, and net income of $43.6 million on net sales of $1082.1 million for the six months ended June 30, 2008.
Olympic Steel to Build New Processing Facility in Dover, Ohio
02 July 2008 - Olympic Steel enters into agreement to purchase a 62,000-square-foot processing facility in Dover, Ohio.
Reliance Upgrades Second-Quarter Outlook
25 June 2008 - Reliance Steel & Aluminum increases earnings guidance for the second quarter ended June 30, 2008 to an expected earnings range of $2.00 to $2.10 per diluted share.
Reliance Steel & Aluminum to Acquire PNA Group
18 June 2008 - Reliance Steel & Aluminum Co. has reached an agreement to acquire the outstanding capital stock of PNA Group Holding Corp. in a transaction valued at approximately $1.1 billion.
Russel Metals to Exceed Projected 2nd Quarter Earnings
12 June 2008 - Russel Metals says that the average analysts’ consensus earnings for the second quarter are understated by 35% to 45%.
Metals USA Files Registration Statement for Initial Public Offering
20 May 2008 - Metals USA Holdings files registration statement with the SEC for a proposed initial public offering of its common stock.
Russel Metals Reports 1st Quarter Earnings
13 May 2008 - Russel Metals reports net earnings of $29.2 million on consolidated revenues of $712 million for the first quarter of 2008.
Olympic Steel Reports 1st Quarter Results
01 May 2008 - Olympic Steel announces net income of $13.2 million on net sales of $274.9 million for the first quarter of 2008.
Metals USA Reports 1st Quarter Results
29 April 2008 - Metals USA Holdings reports net income of $3.8 million on sales revenues of $489.0 million for the quarter ended March 31, 2008.
