Metal Center News

JAN 2018

Metal Center services the metal center and toll processor industry.

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Page 31 of 48

Metals Year in Review Metal Center News — January 2018 ❘ 31 Aluminum manufacturers continue to ramp up sheet production in expectation of greater penetration into the automotive market. Hammond, Wis.-based Guy Metals, a privately owned service center and processor of stainless steel and nickel alloy products. N Main Steel, Elk Grove Village, Ill., sold Midland Stamping & Fabricating to Speyside Equity Fund. The company, which is based in Schiller Park, Ill., supplies stamping, fabricating and other metalworking services to major industrial markets. N Nucor subsidiary Fisher & Ludlow Inc., Burlington, On- tario, acquired the assets of AMICO's bar grating facility in Bourbonnais, Ill., plus bar grating equipment and related inven- tory at three other AMICO locations. The company projected a manufacturing capability of 50,000 tons of bar grating products from the facility. N Company chairman Joe Klein resumed leadership of Klein Steel Service, Rochester, N.Y., replacing Todd Zyra as presi- dent and CEO. N Charter Steel announced plans to build a new special bar quality mill adjacent to its existing coil mill and steelmak- ing operations in Cuyahoga Heights, Ohio. The SBQ project was projected to cost $150 million and to go online in the second half of 2018. Second Quarter N Kloeckner Metals' flat-rolled group relocated its Chicago fa- cility to a service center in University Park, Ill. The distributor said it would use the new 106,000-square-foot facility to ware- house and process light-gauge and prepainted carbon steel, as well as aluminum and stainless steel. N Heidtman Steel, Toledo, Ohio, announced that John Bates Sr. would transition from his role as CEO to company chairman. Tim Berra was named as Heidtman's next CEO. N Nucor Corp., Charlotte, N.C., acquired the assets of Samuel, Son & Co. subsidiary Omega Joist, a producer of open-web steel joists in Nisku, Alberta. The company said Omega Joist would operate as Vulcraft-Omega and become part of Nucor's 11 other joist and deck production facilities. N Bristol Metals, a subsidiary of Synalloy Corp., Richmond, Va., acquired Marcegaglia USA's stainless steel pipe and tube operations. The $14.9 million purchase price included pipe and tube manufacturing equipment and inventory assets. N The U.S. Senate confirmed Wilbur Ross as secretary of commerce. The American Iron and Steel Institute and United Steelworkers announced their support of Ross, who founded the International Steel Group in 2002. N Cleveland-based service center Flack Global Metals and prepainted metal supplier Kenwood Painted Metals, Olympia Fields, Ill., completed a merger of the two companies. N Braidy Industries unveiled plans to construct a new $1.3 bil- lion aluminum rolling mill near its headquarters in Ashland, Ky., to serve the automotive and aerospace markets. The com- pany said the 370,000-ton mill would be capable of producing series 5000, 6000 and 7000 aluminum sheet and plate products. N Arconic, Pittsburgh, invested $150 million in a new very thick plate stretcher at its Davenport, Iowa, facility. The com- pany said the stretcher would allow Arconic to level thick alu- minum plate for aerospace and industrial customers. N Flat-rolled specialist Venture Steel Inc., Etobicoke, Ontario, completed its acquisition of Yellen Metals LLC. N Slice of Stainless completed a building expansion at its Cincinnati location, doubling the size of the facility to 55,000 square feet and allowing for increased warehouse capacity for material, additional shearing equipment, a new crane and ad- ditional loading docks. N Nucor Corp. unveiled plans to build a new hot-band galva-

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