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Service Centers
The latest news on companies processing and distributing steel products.
Latest News
Ryerson Launches Comprehensive Reorganization
25 October 2007 - Newly acquired Ryerson takes initial steps in a comprehensive reorganization, beginning with several key appointments to the company's senior leadership team.
Reliance Names Chairman of the Board and CEO
22 October 2007 - Reliance Steel & Aluminum announces that David H. Hannah, currently Chief Executive Officer, has been elected to the additional role of Chairman of the Board, effective October 17, 2007.
Reliance Reports 3rd Quarter Results
19 October 2007 - Reliance Steel & Aluminum reported net income of $93.6 million on sales of $1.81 billion for the third quarter and record net income of $328.0 million on record sales of $5.55 billion for the nine months ended September 30, 2007.
Ryerson Shareholders Approve Merger Agreement
18 October 2007 - Ryerson stockholders approve Platinum Equity’s acquisition of Ryerson in a vote that took place during a special meeting of stockholders on Wednesday, Oct. 17.
Olympic Steel Announces Scholarship Recipients
05 October 2007 - Olympic Steel announces seventeen recipients of its corporate scholarship program – nine new awardees, and eight renewals.
Ryerson Announces Convertibility of Senior Notes
04 October 2007 - Ryerson's 3.50% Convertible Senior Notes due 2024 will be convertible beginning October 4, 2007 through November 21, 2007, the date on which Ryerson's fundamental change repurchase offer is expected to expire.
Gibraltar to Sell the Assets and Cease the Operations of Its Hubbell Steel Subsidiary
04 October 2007 - Gibraltar Industries is selling the assets and ceasing operations of its Hubbell Steel subsidiary in support of its ongoing effort to sell non-core assets and businesses.
Reliance Completes Acquisition of Metalweb
03 October 2007 - Reliance Steel & Aluminum completes its purchase of Metalweb plc, a Birmingham, England, based metal service center with three additional centers in England.
Russel Metals Completes Acquisition of JMS Metal Services
01 October 2007 - Russel Metals completes its acquisition of JMS Metals Services and related companies.
Reliance Steel & Aluminum to Acquire Metalweb
19 September 2007 - Reliance Steel & Aluminum Co. has reached an agreement to acquire the outstanding capital stock of Metalweb plc, a Birmingham, England based processor and distributor of products for non-structural aerospace components and general engineering parts.
Ryerson Schedules Special Meeting for Approval of Merger
19 September 2007 - Ryerson will hold a special meeting of stockholders on October 17 to vote on a proposal to approve its merger with an affiliate of Platinum Equity.
Russel Metals Applies for Termination of Reporting Obligations
11 September 2007 - Russel Metals intends to terminate its reporting obligations under section 15(d) of the Securities Exchange Act of 1934 with respect to its 6.375% Senior Notes due March 1, 2014.
Ryerson Acquisition Passes U.S. Antitrust Waiting Period
10 September 2007 - Ryerson passes the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its proposed merger with an affiliate of Platinum Equity LLC.
Gibraltar Acquires Florence Corporation
05 September 2007 - Gibraltar Industries acquires Florence Corp., a leading manufacturer of engineered storage solutions, including centralized mail and package delivery products.
Russel Metals to Acquire JMS Metal Services
05 September 2007 - Russel Metals enters into share purchase agreement to acquire 100% of the outstanding capital stock of JMS Metals Services and related companies.
Stockholders Re-Elect All 11 Incumbent Ryerson Directors
24 August 2007 - Stockholders at Ryerson’s 2007 Annual Meeting of Stockholders re-elect all 11 Ryerson director nominees to the company’s Board of Directors.
Reliance Purchases Shares of its Common Stock
22 August 2007 - Reliance Steel & Aluminum has been actively repurchasing shares of its own common stock in the open market under the company's Stock Repurchase Plan.
Harbinger Capital Partners Sends Letter to Ryerson Stockholders
08 August 2007 - Harbinger Capital Partners sends letter to the Ryerson stockholders urging them to elect new directors to the Ryerson Board at the Annual Meeting of stockholders to be held August 23, 2007.
Outokumpu to Build Stainless Service Center, Cold Mill in India
06 August 2007 - Outokumpu's Board of Directors approves plans to build a greenfield stainless steel service center in the western part of India, and is evaluating plans to build a new greenfield stainless steel cold rolling mill there as well.
Olympic Steel Reports 2nd Quarter Earnings
06 August 2007 - Olympic Steel reports net income of $9.4 million on net sales of $277.4 million for the second quarter and net income of $14.7 million on net sales of $536.8 million for the first six months of 2007.
