Metal Industry News

Doug Thompson has joined Reibus as its country leader for Canada. Reibus is a service as a software marketplace for the metals marketplace.

Specialty Steel Works Inc. has acquired Tulsa Centerless Bar Processing Inc. The Oklahoma-based company uses advanced methods to process various steel grades, red metals, nickel products and exotic metals to exacting specifications and requirements.

Nucor Corp., Charlotte, will upgrade its engineered bar mill in Nebraska to better serve the automotive market and meet customers’ needs for higher quality products. The modernization project will include a new reheat furnace, new intermediate mill, and coil inspection and trimming station.

Oklahoma City-based M-D Building Products Inc., a family-owned company involved in developing, manufacturing, and marketing a range of residential and commercial specialty extrusion products, has acquired the assets of Louisville-based Cardinal Aluminum Co. and its subsidiaries, Cardinal Architectural and Designer Moulding.

Gerdau has completed the installation and cold commissioning of its rolling mill upgrade at its Petersburg, Va., structural steel mill. Initial hot-rolling trials have also taken place at the $33 million undertaking.

The Brilex Group of Companies, Youngstown, Ohio, has hired former Nucor executive Doyle Hopper as CEO of Brilex Industries, Inc, Brilex Technical Solutions, LLC and Taylor-Winfield Technologies, Inc. As their CEO, Hopper will leverage nearly 30 years of steel industry and manufacturing expertise to drive strategic growth and commercial excellence across these companies.

TimkenSteel Corp., Canton, Ohio, will sell its TimkenSteel (Shanghai) Corporation Limited subsidiary in China to Daido Steel Co. Ltd. The deal is for approximately $7 million.

Nucor Corp., Charlotte, reported record earnings of $942.4 million in the first quarter, more than doubling the figure from the prior quarter. The minimill’s earnings in first-quarter 2021 totaled $20.3 million.

TAB Industries, LLC, Reading, Pa., has purchased a new FLY3015 Bescutter Fiber Laser Cutting Machine. Installed only five months after purchasing a new 3300 W Bescutter Fiber Optic Laser Cutting Machine, the newest laser cutter more than doubles the company's in-house laser cutting capacity.

Raymond S. Napolitan Jr. will retire on June 5 after 25 years with Nucor. He has been serving as executive vice president of engineered bar products and digital for the Charlotte, N.C.-based minimill producer.