NEW YORK Ratner Steel
Supply Co. plans to build a second flat-rolled steel service
center in the Midwest as it looks to expand its customer base
and nearly double its volumes.
The Roseville, Minn.-based
company, which today operates a more than 150,000-ton-per-year
steel sheet service center in Roseville, is planning to build a
100,000-square-foot facility in the Port of Indiana-Burns
Harbor in Portage, Ind., Ratner vice president Steve Gottlieb
Ratner expects to break ground
by April 1, with all major construction slated for completion
by Thanksgiving in November, Gottlieb said.
"Well start inventorying
steel by the end of the year," he added.
The facility, which is expected
to expand Ratners annual capacity by at least another
100,000 tons, will include a ½- by 72-inch stretch
leveler made by Red Bud Industries Inc. that is scheduled to
come online in February 2013.
The companys decision to
build a facility in Portage was driven by a desire to expand
its customer reach, Gottlieb said. The facility will also be
located near a number of major domestic steel mills.
"Right now, theres a
significant amount of sales that were not part of in
Indiana and Illinois because of freight restrictions. We think
there are a lot of opportunities that were not taking
advantage of," he said.
Additionally, those customers
Ratner already supplies in such states as Iowa and Wisconsin
will be able to take advantage of reduced freight costs from
the new facility, Gottlieb said.
"Were operating at 100
percent here now, so we believe we can sell a lot more," he
The company received the final
approval to move ahead with the project at a Tuesday night
meeting with the city of Portage.