Current News

Matt Rohm has been promoted to president and COO of Metal Exchange Corporation, reporting to CEO Rick Merluzzi. In his new role, he will have day-to-day operational responsibility and oversight of all division and operating companies.

Steel industry veteran Alexander D’Alfonso passed away at his home in Burlington, Ontario, Wednesday, Aug. 3 at the age of 67. He had spent the last 15 years of his career with the Bradbury Group, most recently serving as sales director of coils processing systems.

EVRAZ plc is soliciting proposals for all of its North American subsidiaries. The sale will allow to unlock the standalone value of the North America business, EVRAZ North America’s parent company said.

The world’s largest supplier of small-quantity metals will open its newest location in Alexandria, Va. on August 29, instantly becoming the one-stop shop offering speed, variety and convenience for professionals and hobbyists alike.

Chicago-based Ryerson Holding Corp. reported net sales of $1.74 billion in the second quarter, a 22.9 percent gain compared with the same quarter in 2021, but down slightly from the prior quarter. Ryerson’s first-half revenue of $3.5 billion was up 36 percent compared to the previous year.

Olympic Steel reported record sales of $709 million in the second quarter, a 27.5 percent increase compared with the same quarter last year. First-half sales of $1.4 billion increased 37.9 percent from the prior year.

Kloeckner will build a facility for plate processing on the campus of Nucor’s new Brandenburg, Ky., plate operation. The announcement was made by the service center company’s corporate parent, Klöckner & Co.

Conshohocken, Pa.-headquartered Mainline Metals, Inc. has acquired Acworth, Ga.-based Great South Metals. Mainline Metals is a steel distributor with vast experience in the prime, excess and secondary steel markets. Great South Metals, under the leadership of President John Kingery, has become one of the leading flat-rolled service centers in the South.

Nucor Corporation, Charlotte, N.C., will add a new melt shop at its bar mill in Kingman, Ariz. The new $100 million melt shop will have the capacity to produce 600,000 tons annually. Construction of the melt shop is expected to take two years pending permit and regulatory approvals.

O’Neal Steel will invest $2.6 million in new manufacturing equipment to expand the capabilities of its Birmingham, Ala., headquarters. The investment includes the addition of a flat laser and press brake for the value-added processing of metal parts and will add six new jobs to the operation.