Red metals centers seen ripe for consolidation
Jun 23, 2014 | 04:35 PM
| Saranya Kapur
NEW YORK The dynamics of supply and demand have made the copper and brass service center space ripe for consolidation, executives from Reliance Steel & Aluminum Co. and ThyssenKrupp Materials NA Inc. said.
"We have seen a fair amount of consolidation already on the mill side in this market, and if you look at the dynamics of where its happening in other metalslike carbon, aluminum and stainlessit makes sense for consolidation to happen in red metals, both on the service center side and the mill side," William K. Sales Jr., senior vice president of operations at Los Angeles-based Reliance, said June 20 during the Metals Service Center Institutes Copper & Brass Conference in White Sulphur Springs, W.Va.....
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