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The new absorption at the special steel market

a powerful new operator will appear on the world market of special steels. On Wednesday, April 4 American corporation Reliance Steel & Aluminum Co has acquired a new asset — production and distribution companies National Specialty Alloys. The transaction amount and details of the absorption has not yet made public, but we know that lead the NSA will continue to be the current president and managing director of the organization — Mark Russ.

RelianceSteel & AluminumCo (headquartered in Los Angeles, California) — the largest US service center, ensuring the delivery of special steels, stainless steel, aluminum, titanium, copper, and products from these and other metals in the domestic market of the country, so and beyond. The company owns a network of offices in 38 US states and has subsidiaries in Belgium, China, Canada, Malaysia, Singapore, Mexico, Britain and South Korea.

Business Corporation acquired asset — National Specialty Alloys (Houston, Texas) is also concentrated in a part of the production and distribution of special steels. The company supplies the market with austenitic, martensitic, austenitic-ferritic (duplex) stainless steels and nickel alloys Ni grades 200, of Monel 400, 405, K-500 and other varieties. The head of Reliance, David Hanna, believes that the purchase will allow NSA to optimize the range of the company in terms of the completeness of the range and ratio of prices, so that the competitiveness of the organization will certainly rise.

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