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Reliance Steel
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The $156 Million Final Judgment Against Nucor Corp
May 8, 2014The $156 million final judgment against Nucor Corp. Reliance Steel & Aluminum Co., American Alloy Steel Inc. and JSW Steel (USA), for conspiring to drive competitor MM Steel LP out of business was delayed Monday by US District Judge Kenneth ...
Tags: Metallurgy, Mineral, Energy
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Reliance Purchased Washington Since 1955.Terms of The Sale Were Not Disclosed
Nov 12, 2013Local reports Friday indicated that Reliance Steel & Aluminum Co. purchased Haskins Steel, a service center based in Spokane, Washington since 1955.Terms of the sale were not disclosed. Haskins Steel, which reported net revenue of $31.5 ...
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Reliance Acquired Capital Stock of Haskins Steel Located in Spokane, Washington
Nov 6, 2013Reliance Steel & Aluminum Co. announced Friday that, through its wholly-owned subsidiary American Metals Corporation, it has acquired all of the capital stock of Haskins Steel Co., Inc. ("Haskins"), located in Spokane, Washington. Founded ...
Tags: Metallurgy, Mineral, steel
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Reliance Reported Its Financial Results for The Third Quarter Ended September 30, 2013
Oct 28, 2013Reliance Steel & Aluminum Co. reported Friday its financial results for the third quarter ended September 30, 2013, indicating sales of $2.44 billion, which reflect an 18.9 percent increase year-on-year, but a 0.2 percent decrease from Q2 ...
Tags: Reliance Steel, Mineral
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Reliance Steel & Aluminum's Net Income Down by 27%
Jul 26, 2013U.S. based metal processing centers operator Reliance Steel & Aluminum Co. said yesterday that its net income of the second quarter was US$81 million, down by 27% from the same period of fiscal year 2012. The company attributes the net ...
Tags: Reliance Steel, Mineral
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David H. Hannah Has Been Elected Chairman of The Board for The Msci Effective July 1
May 21, 2013On Monday, the Metals Service Center Institute (MSCI) announced that David H. Hannah, chairman and chief executive officer of Reliance Steel & Aluminum Co., has been elected chairman of the board for the MSCI effective July 1. He was ...
Tags: David Hannah, MSCI
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Reliance Steel Saw Severe Pricing Struggle in Flats Market of US
Apr 27, 2013US domestic flat rolled price increases in Q4 2012 and Q1 2013 did not stick due to lackluster demand, overcapacity woes and import competition, executives at Reliance Steel & Aluminum said during the company's Q1 2013 conference call on ...
Tags: Reliance Steel, US Flats Market
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Reliance Steel Has Acquired Metals USA for US$20.65 Per Share in Cash
Apr 17, 2013Reportedly, Reliance Steel & Aluminum, California-based service center has acquired Metals USA for US$20.65 per share in cash. Accordingly, Metals USA has become a wholly-owned subsidiary of Reliance Steel & Aluminum. Besides, the merger ...
Tags: steel, Metallurgy, Mineral, Energy
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Reliance Completed The Previously Announced Acquisition of Metals
Apr 17, 2013Los Angeles, California-based service center Reliance Steel & Aluminum Co. announced Monday that it has completed the previously announced acquisition of Metals USA Holdings Corp. for $20.65 per share in cash, and Metals USA has become a ...
Tags: Reliance Steel&Aluminum, Mineral
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Metals USA Holdings Corp Will Complete The Aquisition of Reliance Steel
Apr 12, 2013On Wednesday, Fort Lauderdale, Florida-based service center Metals USA Holdings Corp. announced that its stockholders approved the adoption of the merger agreement, entered into on February 6, 2013, among Metals USA Holdings Corp., Reliance ...
Tags: Reliance Steel, Metallurgy, Mineral, Energy
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Reliance Steel Amended and Restated Its $1.5 Billion Unsecured Revolving Credit Facility
Apr 7, 2013On Friday, Los Angeles, California-based service center Reliance Steel & Aluminum Co. announced that it has amended and restated its existing $1.5 billion unsecured revolving credit facility and raised $500 million in a new term loan. The ...
Tags: Metallurgy, Mineral, Energy, steel
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Go-Shop Period as Part of The Merger Agreement Between Metals USA and Reliance Steel
Mar 13, 2013On Monday, Fort Lauderdale, Florida-based service center Metals USA Holdings Corp. announced the expiration of the 30 day go-shop period as part of the merger agreement between Metals USA and Reliance Steel & Aluminum Co. Pursuant to the ...
Tags: Steel, Metals, Metal Service
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During The Speakers' Forum at The Port of Tampa 24th Annual Steel Conference on March 1
Mar 6, 2013During the speakers' forum at the Port of Tampa 24th Annual Steel Conference on March 1, Patrick McCormick, Managing Partner with World Steel Dynamics, explained that in recent years, scrap demand has been relatively flat--and during ...
Tags: Steel Conference, Steel, scrap prices
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Reliance Steel Will Go Forward to Acquire Metals USA
Feb 28, 2013Reliance Steel & Aluminum Co. will go forward to acquire Metals USA. The US government relative department pointed out that the merger already has no doubt of antitrust concerns. In an early notice under the Hart-Scott-Rodino Antitrust ...
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Reliance Steel Has Planned to Acquire of Metals USA Holdings Corp
Feb 18, 2013Reportedly Reliance Steel & Aluminum Co. has planned to invest US$766 million in acquisition of Metals USA Holdings Corp. in attempt to develop high-margin business of cutting and customizing metals. The acquisition of Metals USA will ...
Tags: Steel, Aluminum, Reliance Steel
