Russel Metals Inc. announced today that it has entered into a stock purchase agreement to acquire all the outstanding shares of City Pipe & Supply Corp. for approximately $160 million. City Pipe & Supply's revenues were approximately $275 million during its last fiscal year. Founded in 1942, City Pipe & Supply is an industry leader in supplying pipe, valves, and fittings to oil and gas companies in the Permian, Eagle Ford, Granite Wash, Barnett and Haynesville basins

The "Southeast Asia Galvanized Steel Market by Product (Hot-Dip Galvanizing, Electroplating Steel, Application (Building, Construction, Automotive, White Goods) - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. Southeast Asia galvanized steel market is expected to grow at a CAGR of 8.5% from 2019 to reach $17.5 billion by 2025. Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, th

Superior Aluminum Alloys, LLC today announced the successful launch of its newest product offering, deox rod/wire. This product is used by steel mills to remove oxygen from liquid steel during the steelmaking process. "We are excited to announce the further diversification of our product offering to include deox rod/wire," said Denny Luma, President. "Our deox rod/wire product has been successfully tested and approved for production at several steel mills. We are look

Northwest Pipe Company, an industry leader of engineered welded steel pipe products for the water transmission market, announced today it was selected by Garney Construction to supply both sections of the treated water pipeline for the Bois d’Arc Lake project, which represents over 22,000 tons of pipe. This portion of the project will convey treated water, from the new Leonard Water Treatment Plant currently under construction to existing pipeline infrastructure within North Texas Munic

NLMK Group, a global steel company, has embarked on the assembly of main process equipment to implement the stamp charging technology at its operating coke oven battery at Altai-Koks, a leading Russian manufacturer of metallurgical coke. Instead of the conventional top charging method, stamped charging involves feeding compacted coal briquettes into the oven horizontally. Stamping technology is being implemented at Coke Oven Battery No. 5, the most advanced coke oven battery at Alta

New State Capital Partners today announced a significant investment in Mako Steel, an acknowledged leader in the self-storage construction industry. Headquartered in Carlsbad, California, Mako Steel builds single-story, multi-level, and custom storage facilities in 44 states, Canada, and Mexico. Financial terms of the transaction were not disclosed.  The company was named "Best Builder" five years in a row by Inside Self-Storage. "The storage industry is booming

Olympic Steel Inc., a leading national metals service center, today announced that it has acquired certain assets related to the manufacturing of the EZ-Dumper® hydraulic dump inserts. Terms of the purchase were not disclosed. While the EZ-Dumper acquisition will not be material to Olympic Steel’s financial performance, the company does believe it will be incrementally positive to EBITDA. This represents Olympic Steel’s second branded metal products acquisition in the past sev

The Chemours Company, a global chemistry company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, today announced the acquisition of Southern Ionics Minerals, LLC (SIM), a minerals exploration, mining, and manufacturing company headquartered in Jacksonville, Florida. SIM was a wholly owned subsidiary of Southern Ionics Incorporated (SII), a privately held inorganic chemical manufacturer based in West Point, Mississippi. SIM mines and pro

ArcelorMittal’s South Africa business has agreed to buy steelmaker Highveld Structural Mill (HSM) for R300 million, it said on Thursday, as it seeks to expand its manufacturing capabilities. The company, majority-owned by ArcelorMittal, had a manufacturing agreement with parent company Highveld Steel, supplying steel products to HSM for processing into heavy structural steel, and an option to purchase HSM. Read: ArcelorMittal cuts steel demand outlook on weak Europe

Novelis Inc., the world leader in aluminum rolling and recycling, today announced the launch of Advanz™ 6HS-s650, a precisely engineered aluminum automotive body sheet product that exceeds industry standards for strength, lightweighting, formability, performance and structural integrity. It is the strongest 6xxx series product with a 15 to 25 percent in-service strength advantage over incumbent high strength aluminum alloys and exhibits excellent crash behavior and corrosion resistance.