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AMM Awards for Steel Execellence winners: 2014

Jul 31, 2014 | 07:00 PM |

Tags  ArcelorMittal, Material Sciences, Severstal North America, Reliance Steel & Aluminum, Borusan Mannesmann Pipe U.S., Schneider Electric Industries, Bank of America Merrill Lynch, AEP River Operations Columbus Scrap Material


AMM presented 15 Awards for Steel Excellence to 13 companies and one individual at a June 17 dinner in New York celebrating best-in-class initiatives that have introduced real and quantifiable change to the steel industry.

The fifth annual awards program recognized the efforts of individuals and companies whose ingenuity, dedication and difference-making savvy distinguished 2014’s honorees from their peers over the past 12 months.


BEST INNOVATION: PROCESS
- ARCELORMITTAL
With its long history of providing financial services to the steel industry, both domestic and global, through numerous industry cycles, Bank of America Merrill Lynch has earned AMM’s Financial Services Company of the Year award for its wide spectrum of capabilities.
(READ MORE)


BEST INNOVATION: PRODUCT
- MATERIAL SCIENCES
Accelerator pedals in motor vehicles are not typically made of laminated steel, but that material has been the accelerator for Material Sciences Corp. (MSC), winner of AMM’s award for Best Innovation: Product. 
(READ MORE)


BEST OPERATIONAL IMPROVEMENTS
- SEVERSTAL NORTH AMERICA
Famed European statesman Otto von Bismarck said that “politics is the art of the possible, the attainable--the art of the next best.” Russia’s OAO Severstal is applying the same principle to steelmaking in the United States. 
(READ MORE)


BEST MERGERS & ACQUISITIONS
- RELIANCE STEEL & ALUMINUM
The highly fragmented domestic service center industry has not seen many big consolidation deals since 2009 as metal distributors continue to lick their wounds from the Great Recession. One notable exception was Reliance Steel & Aluminum Co.’s $1.24-billion acquisition of Metals USA Holdings Corp. in 2013. 
(READ MORE)


TECHNOLOGY PROVIDER OF THE YEAR
- BORUSAN MANNESMANN PIPE U.S.
The U.S. oil country tubular goods (OCTG) marketplace is traditionally highly competitive and prone to extreme volatility and cyclicality. This has clearly intensified with the more than 5 million tons of new OCTG production capacity that has been announced since 2008. 
(READ MORE)


INFORMATION TECHNOLOGY COMPANY OF THE YEAR
- SCHNEIDER ELECTRIC INDUSTRIES
Steel production is a very energy-intensive process, accounting for up to 40 percent of the total cost in some countries, so optimizing process efficiency is one of the most effective ways to reduce energy consumption and lower costs, with the added benefit of reducing the steel industry’s impact on the environment. 
(READ MORE)


FINANCIAL SERVICES COMPANY OF THE YEAR - BANK OF AMERICA MERRILL LYNCH
With its long history of providing financial services to the steel industry, both domestic and global, through numerous industry cycles, Bank of America Merrill Lynch has earned AMM’s Financial Services Company of the Year award for its wide spectrum of capabilities.
(READ MORE)


ENVIRONMENTAL RESPONSIBILITY/STEWARDSHIP
- AEP RIVER OPERATIONS
The “zero harm” mantra of AEP River Operations LLC is not just a vague concept, but representative of the commitment that the barge operator has made to protect and enhance the quality of the environment as it conducts its business on all the major navigable inland waterways connected to the Mississippi River. 
(READ MORE)


LOGISTICS PROVIDER OF THE YEAR - AEP RIVER OPERATIONS
This year’s long, harsh winter highlighted how reliant the U.S. steel industry is on safe and efficient transportation of its products, including those that move via the inland waterways system.
(READ MORE)


SCRAP COMPANY OF THE YEAR: SMALL/MIDSIZE -
COLUMBUS SCRAP MATERIAL
Columbus Scrap Material Co. Inc. (CSM) is a fast-growing ferrous and nonferrous metal recycler with five facilities in the South. Its suppliers range from Fortune 500 manufacturers to regional and local businesses to daily peddlers, and its consumers include a wide range of foundries and steel-processing facilities. 
(READ MORE)


SCRAP COMPANY OF THE YEAR: LARGE - SCRAP METAL SERVICES
Two Chicago brothers have shown that metal recycling remains a good industry for shrewd operators despite an environment of shrinking margins and losses. In less than a decade since its inception, Scrap Metal Services LLC (SMS) has grown rapidly and earned respect among its peers--and this year received AMM’s award as Scrap Company of the Year: Large.
(READ MORE)


INDUSTRY AMBASSADOR/ADVOCATE OF THE YEAR -
MICHELLE APPLEBAUM
Michelle Gallanter Applebaum founded and was managing partner of Steel Market Intelligence Inc., a five-member research and consulting company in Chicago, after serving the industry over a distinguished career as a steel analyst. She previously held analyst positions at Citigroup Inc. and Salomon Brothers Inc.
(READ MORE)


SERVICE CENTER OF THE YEAR: SMALL/MIDSIZE -
BERLIN METALS
Berlin Metals LLC’s rigorous attention to quantifying customer satisfaction and service has earned it the title of Service Center of the Year: Small/Midsize. The Hammond, Ind.-based company uses an annual customer satisfaction survey as the basis for setting improvement objectives. 
(READ MORE)


SERVICE CENTER OF THE YEAR: LARGE - STEEL WAREHOUSE
Steel Warehouse Co. chief executive officer Dave Lerman was getting ready to celebrate the Fourth of July with a noon ice time when AMM caught up with him. And while winning AMM’s award for Service Center of the Year (Large) may not be as exciting as hoisting the Stanley Cup, Lerman does plan to take the award on the road to the company’s 11 locations and roughly 1,000 employees. 
(READ MORE)


STEEL PRODUCER OF THE YEAR -
NUCOR
Winning AMM’s Steelmaker of the Year award is difficult enough to do once, but Nucor Corp. has now taken the honor two years running. “While it is great to receive these awards, we don’t specifically set out to win them,” said chairman and chief executive officer John Ferriola. 
(READ MORE)




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