April 27, 2016

Ratner to Expand Indiana Facility

Ratner Steel will expand its operation in Portage, Ind., less than three years after the facility opened. The Minneapolis-based service center company is doubling the size of the building and adding a second stretch leveler.

In July, the company will add a cut-to-length line with a ¼-inch by 72-inch stretch leveler, as well as 100,000 square feet of warehouse space for coil storage. It expects to complete the building addition by the end of the year.

Ratner Steel, which processes about 350,000 tons per year at its facilities in Minnesota and Indiana, expects to grow capacity by an additional 100,000 tons. “We have been running at capacity in Portage and we’re setting it up for future growth,” says Steve Gottleib, vice president and CFO for Ratner Steel. “The market has accepted the way we do business. We believe there’s more potential in the flat-rolled market for us.”

Ratner’s expansion has been assisted by the Port of Indiana, the City of Portage and the State of Indiana, Gottleib says. Ratner Steel was North America’s 46th-largest service center company in 2015, with prior-year revenues of more than $200 million.


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Thursday, October 19, 2017