Steel Products
April 5, 2018
Written by Sandy Williams
Ryerson Holding Corp. announced the acquisition of Fanello Industries, a privately owned metal service company located in Lavonia, Ga.
Fanello Industries provides blanking, stamping, laser cutting, bending, and machining metal solutions to a diverse group of industries in the southeastern U.S. The company employs 150 and has annual revenue of approximately $20 million.
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It has been a crazy 2024 so far for hot-rolled coil (HRC) futures!!! “It’s not crazy, it’s hot rolled.” This chart shows the steeply backwardated Midwest HRC futures curve on Jan. 3 plummeting between $186 to $241 in the front three months, evolving into the curve six weeks later on Feb. 12. CME hot-rolled coil […]
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Though steel prices continue to drop, more buyers are holding off on finalizing transactions.