Red metals centers seen ripe for consolidation

Jun 23, 2014 | 04:35 PM | Saranya Kapur

Tags  copper, brass, Thyssenkrupp Materials NA, Reliance Steel & Aluminum, William Sales, David Buhl, Metals Service Center Institute, MSCI copper demand

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 it’s happening in other metals—like carbon, aluminum and stainless—it 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 Institute’s Copper & Brass Conference in White Sulphur Springs, W.Va.....





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