Top Stories for Feb. 15, 2024: 1. Morgan Stanley analyst Carlos De Alba downgraded United States Steel Corporation (NYSE: X) from Overweight to Equal-Weight and raised his price target from $40 to $51.
Reliance Steel (RS) to Acquire American Alloy Steel streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
SCOTTSDALE, Ariz., Feb. 14, 2024 (GLOBE NEWSWIRE) Reliance Steel & Aluminum Co. (NYSE: RS) announced that it has entered into a definitive agreement to acquire all of the outstanding equity interests and related real estate assets of American Alloy Steel, Inc. (“American Alloy”), a leading distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. Headquartered in Houston, Texas and founded in 1971, American Alloy operates five servi