Steel News

Sumitomo Corp. to Acquire Edgen Group

01 October 2013 - Sumitomo Corporation (SC) and Sumitomo Corporation of America, Inc. (SCOA), collectively “Sumitomo,” and Edgen Group Inc. announced the signing of a definitive merger agreement whereby Sumitomo will acquire all outstanding shares of Edgen Group Inc. for US$12.00 per share in cash.

Olympic Steel Announces Management Promotions to Support Strategic Growth

01 October 2013 - Olympic Steel, Inc., a leading national metals service center, announced several management promotions to support the company's strategic growth.

MSCI: Improvement in July Service Center Shipments Disappears in August

18 September 2013 - U.S. and Canadian service center shipments of both steel and aluminum returned to the year-over-year trend that was experienced earlier this year in contrast to the modest growth displayed last month, the Metals Service Center Institute reports.

Leeco Steel Opens Distribution Center in Mobile, Ala.

18 September 2013 - Leeco Steel, a global supplier of carbon, HSLA, heat-treated and alloy plate steel, has secured a facility in Mobile, Ala.. The distribution center began shipping plate steel this month.

Marmon Distribution Services President to Retire; Successor Named

13 September 2013 - After 45 years of service to the company, Marmon Distribution Services, Inc. president Norman Gottschalk Jr. has announced his retirement effective 31 January 2014. Current vice president of Marmon Distribution Services Alan Wilkinson has been selected as Gottschalk Jr.'s successor.

Butech Bliss Supplies Hydraulic Roller Leveler to Russel Metals

06 September 2013 - Butech Bliss has completed the design, manufacturing, installation and start-up of a new state-of-the-art Synergy™ hydraulic roller leveler for Russel Metal’s existing heavy gauge cut-to-length line at their B&T Steel division located in Stoney Creek, Ontario.

Leeco Steel's Eastern Region Relocates Sales Office

03 September 2013 - Leeco Steel, a leading global supplier of carbon, HSLA, heat-treated and alloy plate steel, has moved its Eastern Region sales office to a new location at 9500 Brooktree Drive in Wexford, Pa.

Supply Dynamics Named a 2013 'Great Supply Chain Partner' By SupplyChainBrain

22 August 2013 - Supply Dynamics, a leading source of multi-enterprise technology solutions that provide visibility, collaboration, and control of supply in distributed manufacturing environments, announced that it has been selected as one of 2013’s ‘Great Supply Chain Partners’ by SupplyChainBrain, a supply chain management information resource.

Heidtman Employees Honored at Service Awards Dinner

14 August 2013 - The Heidtman Steel awards dinner was held 12 June 2013 at the Toledo Club in downtown Toledo.

Olympic Steel Nets US$2.5 Million in Second Quarter 2013

13 August 2013 - As it announced financial results for the second quarter and six months ended 30 June 2013, U.S. service center chain Olympic Steel said the first half of 2013 was characterized by lower sales volume and average selling prices compared with last year.

MRC Global Results Impacted By Continued Weakness in Line Pipe Product Group

09 August 2013 - MRC Global Inc., the largest global distributor, based on sales, of pipe, valves and fittings (PVF) and related products and services to the energy and industrial sectors, announced second quarter 2013 results. 

A.M. Castle Reports Quarterly Results

06 August 2013 - As it reported its second quarter earnings results, A. M. Castle & Co. said its outlook for the second half of the year is comparable to what was seen in the first six months of the year.

Kenwal Adds Strip Width Measurement by ISRA VISION PARSYTEC

06 August 2013 - Kenwal is adding strip width measurement from ISRA VSION PARSYTEC to supplement its existing inspection system for the pickling line of its steel plant in Dearborn, Mich.

Reliance Steel & Aluminum Reports Quarterly Results and Outlook

31 July 2013 - Reliance Steel & Aluminum expects global economic uncertainty will continue to present challenges to industrial growth in the third quarter of 2013 and expects only slight improvements in demand with pricing remaining relatively unchanged from second quarter levels.

A. M. Castle Announces New Commercial and Operations Executives

23 July 2013 - A. M. Castle & Co., a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, announced the appointment of two executives who will lead the global commercial and operations functions.

Ballou Retires from O'Neal Steel; Parnell Moves Up

19 July 2013 - After a storied career in the American steel industry, Tom Ballou has retired as vice president of supply chain management at O’Neal Steel. He will, however, continue in an advisory role to the company through the end of 2013.

U.S. and Canadian Service Center Shipments Continued to Decline in June

18 July 2013 - U.S. and Canadian service center shipments of both steel and aluminum continued to decline in June at rates that were similar to those displayed in May, the Metals Service Center Institute (MSCI) reports.

AMM Announces Twelve Winners of 2013 Awards for Steel Excellence

11 July 2013 - Twelve companies and a veteran steel executive were named winners of American Metal Market’s 2013 Awards for Steel Excellence at a special ceremony and dinner honoring the pioneering efforts of movers and shakers, who have brought real change to the steel supply chain.

MRC Global Completes Acquisition of Flow Control Products

04 July 2013 - MRC Global Inc. has completed the previously announced acquisition of the operating assets of Dan H. Brown, Inc., D/B/A Flow Control Products (Flow Control).

Nippon Steel Pipe Mexico Commences Commercial Operations

02 July 2013 - Nippon Steel Pipe México, S.A. DE C.V. has completed the construction and commissioning of all its plant facilities and started commercial production in late May 2013.