Russel Metals has announced it will acquire the operating assets and facilities of DuBose Steel in Roseboro and Fayetteville, N.C. DuBose Steel is a full-line structural steel service center operation with value-added processing capabilities serving customers in the Southeast and along the East Coast. The company posted revenues of $66.8 million in its last fiscal […]
Russel Metals Inc., the Toronto-based steel distributor, reported positive results in its fourth-quarter and year-end earnings report, driven by sales to the energy sector. Net income for the company totaled $124 million on revenues of $3.3 billion in 2017, a significant improvement from the $63 million earned on sales of $2.6 billion in 2016. The […]
Toronto-based Russel Metals, Inc., has acquired Color Steels, Inc., a service center that processes and distributes pre-painted metals from facilities in Thornhill, Ontario, and Laval, Quebec. David Sanderson will continue as president of Color Steels, along with the current management team. Color Steel’s revenues for the last year totaled approximately $45 million. “This unique opportunity […]
The Association of Women in the Metal Industries has elected a new President and Vice-President for 2017-2018. The election was held during the Association’s 2016 Annual Conference held in Florida in November. The positions are for a term of two years. The following roles were announced in a press release from AWMI. Carol Chizmar has […]
Metal Center News published their top 50 service centers based on volume with Reliance Steel & Aluminum taking top honors once again by a wide margin. Reliance 2013 revenues were $9.22 billion up from 2012 revenues of $8.44 billion. The next five service centers are closely bunched with revenues of at least $3.0 billion but […]
By Sandy Williams Russel Metals reported second quarter earnings of $20 million on sales of $758 million, as compared to $23 million on sales of $719 millions in 2012. Revenues dropped 13 percent in the metals service center segment and 29 percent in the steel distributors segment due to lower demand levels and pricing. Energy […]