Specialty metals distributor says cheap gas fuels growth

Feb 05, 2013 | 01:30 PM | Corinna Petry

Tags  CHRG Metals, Tate Forrester, O'Neal Steel, steel plate, natural gas, Big River Steel, Corinna Petry

CHICAGO — CHRG Metals is hitting the right materials-consuming markets at the right time and has experienced exponential growth as a result, the company’s general manager told AMM.

CHRG had sales in excess of $10 million last year, and the company hopes for "a 20- to 25-percent increase in sales in 2013," general manager Tate Forrester said. "We are tripping over metal as we speak."

Houston-based CHRG—which stands for "corrosion- and heat-resistant grades"—is a business unit of O’Neal Steel Inc., a privately held $2.5-billion service center chain and processor based in Birmingham, Ala.....

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