Russel Metals Inc (TSX:RUS) News and Share Price

Russel Metals Inc (TSX:RUS) is a publicly listed company that supplies metal products across North America.

It is also engaged in processing and distribution of steel and steel products.

The Mississauga-based company was incorporated in 1929 as Federal Grain Limited. The company rebranded itself to Russel Metals Inc in 1995.

Russel Metals Inc primarily operates the business through three segments:
• Energy Products
• Metals Service Centers
• Steel Distributors

Metals Service Centers

It offers processing and distribution facilities for a different metal-based products, including fence products, brass, bronze, copper, etc. In addition, various it offers different metal products varying in size, shape and specifications, including:
• carbon hot rolled
• pre-painted steel
• pipes and chains
• cold finished steel
• tubular products
• steel plates and tube
• stainless steel
• aluminum non-ferrous metals
• hot rolled steel bars,
• metal building products
• specialty metal products

Russel owns processing facilities across North America, including Georgia, British Columbia, Arkansas, Quebec, Kentucky, Alberta, Ontario, Alabama, Saskatchewan and North Carolina.

It distributes metals products through various subsidiaries such as:

• Russel Metals Alberta
• A.J. Forsyth
• Baldwin International
• Russel Metals Manitoba
• Color Steels
• Russel Metals Saskatchewan
• JMS
• Russel Metals Atlantic

Energy Products

The Canadian company caters to energy firms and distributes the following:
• Fittings and valves
• Oil country tabular goods (OCTG)
• Line pipe and tubes
• Drilling equipment
• Carbon and stainless steel
• Fiberglass
• Industrial Cable and hose

The energy product segment conducts operations under two business division: Field Stores and OCTG/Line Pipe

Under the field stores segment, it caters to oil and gas, industrial and resource markets.

The company distributes various OCTG products, line pipe and related goods used in oil and gas, distribution and construction industries.

The Canadian firm operates through a platform of companies, including:
• Apex
• Comco Pipe and Supply Company
• Leroux
• AJF
• Color Steels
• Elite Supply Partners
• Pioneer Pipe

The sub-companies cater to food processing, mining, oil and gas producers, and forestry companies by providing oilfield and industrial products.
In addition, they provide metal products and processing services to energy, pulp and paper, manufacturing, construction, mining industries and ski industries.

Steel Distributors

The third segment distributes products to customers, manufacturers and distributors The products include sheets, plates, structural and tubular products, coil, welded and seamless pipes.