- CEO
- John Gregory Reid
- Full Time Employees
- 3,970
- Sector
- Industrials
- Industry
- Industrial - Distribution
- Address
- 6600 Financial Drive Mississauga ON Canada L5N 7J6
- IPO Date
- Aug 13, 1996
- Business
- Russel Metals Inc. is one of North America's largest metals distribution and processing companies, primarily distributing steel products through three principal business segments: metals service centers, energy field stores, and steel distributors. The metals service centers segment operates a network of centers that provide processing and distribution services, offering a broad line of metal products in various sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum, and other non-ferrous specialty metals; the energy field stores segment supplies specialized products such as oil country tubular goods, line pipes, tubes, valves, fittings, flanges, and related items to the energy industry in Western Canada and the United States; and the steel distributors segment sells carbon steel plate, flat rolled products, beams, channels, and pipes to other steel service centers and equipment manufacturers. Founded in 1929 and headquartered in Mississauga, Ontario, Canada, the company serves a broad base of end-users across all major regions of Canada and the Southeastern and Midwestern United States through nearly 70 locations. Recent major changes include the November 2024 agreement to acquire Tampa Bay Steel Corporation for US$79.5 million, extending its geographic presence into the Florida market with significant value-added processing and non-ferrous capabilities, which closed on December 4, 2024; the September 2025 agreement to acquire seven service centers from Kloeckner Metals Corporation for approximately US$118.6 million in locations including Dubuque (Iowa), Charlotte (North Carolina), Suwanee (Georgia), Houston and Austin (Texas), Jacksonville and Pompano Beach (Florida), expected to close in Q4 2025 or Q1 2026 and shift over 50% of revenue to the US; and a March 2025 closing of a $300 million offering of investment grade senior unsecured notes.