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Russel Metals Announces Upgrades to Cut-To-Length Lines in Ontario
Published : November 29, 2012
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Keywords :   Growth | Market |

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2012) - Russel Metals Inc. (News - Market indicators) is pleased to announce a $7 million investment for the upgrade of its two cut-to-length lines at its B&T Steel division in Stoney Creek, Ontario. The Company will be adding a Red Bud Industries stretcher leveler to its light gauge line and a Butech Bliss synergy hydraulic roller leveler to its heavy gauge line. These upgrades allow the Company to continue to provide superior quality products with industry leading flatness.

The installation involves a two phased approach starting with the light gauge line in early 2013 immediately followed by the heavy gauge line in mid-2013.

John Reid, Vice President, Operations Service Centers stated, "This investment in value added capabilities reinforces our commitment to our customers' needs for improved flatness tolerances and superior service. We look forward to continued growth with all of our business partners."

Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy tubular products and steel distributors, under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier Richler, Alberta Industrial Metals, Apex Distribution, Apex Remington, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, Mégantic Métal, Métaux Russel, Métaux Russel Produits Spécialisés, Milspec, Norton Metals, Pioneer Pipe, Russel Metals Specialty Products, Russel Metals Williams Bahcall, Siemens Laserworks, Spartan Energy Tubulars, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel and York-Ennis.



Russel Metals Inc.
Brian R. Hedges
Chief Executive Officer
(905) 819-7401
info@russelmetals.com
www.russelmetals.com

Russel Metals Inc.

CODE : RUS.TO
ISIN : CA7819036046
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Russel Metals is a producing company based in Canada.

Russel Metals is listed in Canada. Its market capitalisation is CA$ 1.3 billions as of today (US$ 973.2 millions, € 866.9 millions).

Its stock quote reached its lowest recent point on May 08, 2009 at CA$ 10.02, and its highest recent level on September 23, 2016 at CA$ 20.77.

Russel Metals has 61 700 000 shares outstanding.

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Financings of Russel Metals Inc.
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5/4/2009Amends and Increases its Credit Facility
Option Grants of Russel Metals Inc.
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10/30/2012Declares Common Share Dividend
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Nominations of Russel Metals Inc.
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Financials of Russel Metals Inc.
5/3/2016Announces 2016 First Quarter
2/19/2014Announces 2013 Annual and Fourth Quarter Results
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8/7/2013Announces Second Quarter Results
2/13/2013Announces 2012 Annual and Fourth Quarter Results
10/30/2012Announces Third Quarter Results
5/4/2012Announces Solid First Quarter Results
2/16/2012Announces Strong 2011 Annual and Fourth Quarter Results
11/4/2011Announces Third Quarter Results
8/5/2011Announces Strong Second Quarter Results
5/16/2011Announces a Significant Increase in First Quarter Results
2/17/2011Announces 2010 Annual and Fourth Quarter Results
11/2/2010Announces Third Quarter 2010 Net Earnings
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5/12/2010Announces Stronger First Quarter 2010 Net Earnings
2/18/20102009 Annual and Fourth Quarter Results
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8/5/2009Announces 2009 Second Quarter Loss
5/12/20092009 First Quarter Loss
2/24/20092008 Annual and Fourth Quarter Results
11/6/2008Reports Third Quarter 2008 Net Earnings of $1.45 Per Share a...
8/5/2008 Reports Second Quarter 2008 Net Earnings of $1=2E25 Per Sha...
6/11/2008Exceed Street Expectations for Second Quarter Earnings
5/12/2008 Reports First Quarter 2008 Net Earnings of $0.46 per Share
Project news of Russel Metals Inc.
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Corporate news of Russel Metals Inc.
8/19/2016ETF’s with exposure to Russel Metals, Inc. : August 19, 2016
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6/30/2016ETF’s with exposure to Russel Metals, Inc. : June 30, 2016
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6/17/2016ETF’s with exposure to Russel Metals, Inc. : June 17, 2016
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10/30/2015Q3 2015 Russel Metals Inc Earnings Release - 5:00 pm ET
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4/6/2015Notice - 2015 First Quarter Results Conference Call
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10/24/2012Announces the Execution of Apex Distribution Agreement
10/1/2012Notice: 2012 Third Quarter Results Conference Call
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2/17/2011Announces a 10% Increase In Common Share Dividend
12/14/2010Obtains Approval to Amend its Convertible Debentures
11/18/2010Settles Union Contract in British Columbia
10/20/2010Comments on Potential Strike in British Columbia
9/15/2010Announces Executive Promotion
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TORONTO (RUS.TO)
20.77-1.14%
TORONTO
CA$ 20.77
09/23 16:00 -0.240
-1.14%
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