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May 7, 2006

Bucking Trends, MSCI Welcomes 43 New Members in Last Six Months

May 07, 2006

Bucking Trends, MSCI Welcomes 43 New Members in Last Six Months

ROLLING MEADOWS, Illinois, Continuing a two-year trend of rapid growth despite ongoing metals industry consolidation, the Metals Service Center Institute added 43 companies as members in the six-month period ended March 31, bringing the institute’s total membership to 413 service centers, mills, and providers of metals industry goods and services.

 “Our recruiting program, operated by our members and staff, produced record results in the first quarter,” said M. Robert Weidner, III, MSCI’s president and chief executive officer. “These results are an overwhelming endorsement of our products, services and effectiveness as the industry’s broadest and most representative trade association. This growth validates our value proposition, which is built around networking, education, advocacy and research, or N-E-A-R.”

“MSCI attracts these new members because of programs and services that are completely focused on the well-being of the metals industry, our manufacturing and fabricating customer base, and because of tools and training that can help all of us operate more profitably,” said Bill Jones, president and chief executive officer of O’Neal Steel , MSCI’s vice chairman and chair of the recruiting committee. “We are delighted that so many service centers, mills, and companies that support us have become members.”

Of the newly recruited members, 20 are metals service center operators, 3 of them based outside the U.S. or Canada; 11 are producers of such industrial metals as steel, aluminum, stainless steel, alloys, copper or brass; and 12 are providers of goods and services, including service center equipment, management software, financial services and more.

Jones and Weidner said continual program and service improvements have helped attract new members. These include:

·         A continued emphasis on robust business agendas at all MSCI conferences and events, including top business  thinkers from outside the industry and CEOs and other senior executives from within the industry

·         A growing training and education program, including the institute’s new Strategic Metals Management program to train the industry’s next generation of leadership in the skills necessary to be part of senior management

·         Continued, effective MSCI advocacy of policies necessary to maintain a vibrant, growing North American manufacturing sector

·         A steadily growing menu of propriety MSCI research reports, including the often-quoted Metals Activity Report and the new Metals Tendencies Report

·         Enthusiastic industry acceptance of  Forward magazine, the only thought leadership publication serving the metals value chain

·         Continued growth of the institute’s 30 chapters, including the recent revival of the former Detroit Chapter, now named the Michigan Chapter

·         Continued growth of the Canadian Division with events and designed to meet the specific needs of members in Canada.

“In this environment of industry consolidation, it is very important that we continually renew our membership base, and to do that, we have to strive to reach our goal of being the premier metals industry trade association,” said Weidner. “All of us are delighted that these companies have chosen to join us. We welcome them aboard, and encourage other eligible companies to strongly consider joining MSCI.”

             

            New metals service center members in this period include:

            


  •             Direct Metals Co. LLC
  •             Everglades Steel Corporation
  •             iMetals, Inc.
  •             Industrial Tube & Steel Corp.
  •             Falcon Aerospace, Inc.
  •             Falcon Steel, Inc.
  •             MAN Ferrostaal, Inc.
  •             Monarch Steel Company
  •             Shintu, Inc.
  •             State Pipe & Supply, Inc.
  •             Steel & Pipe Supply Company
  •             Swiss Steel International
  •             TPL Metals      

            New metals producer members include:

  •              Alton Steel, Inc.
  •             Böllinghaus GmbH & Co, KG
  •             Jindal United Steel Corp.
  •             Koenig & Vits, Inc.
  •             Leggett & Platt Tubing Division
  •             Lloyds Steel Industries
  •             National Metalwares, LP
  •             Round Ground Metals, Inc.
  •             Wise Alloys LLC

            New members that provide products or services to service centers:


  •             Acme Refining Scrap Iron & Metal
  •             AGH & Associates
  •             CIT Business Capital
  •             Credit Suisse
  •             CRU International
  •             Invera Corporation
  •             KeyBanc Capital Markets
  •             Michelle Applebaum Research
  •             Metal Suppliers Online LLC
  •             Steel Storage Systems

            Rejoined members include:

            

  •             Acero Sueco Palme S.A. de C.V.
  •             Allied Tube & Conduit
  •             A.J. Oster Company
  •             Banner Service Corporation
  •             Brown-Strauss Steel
  •             Cascade Steel Rolling Mills
  •             Fortacero S.A. de C.V.
  •             General Steel Company
  •             Kenilworth Steel Company
  •             New Process Steel LP
  •             Roll Coater, Inc.

About MSCI

Founded in 1907, the Metals Service Center Institute has more than 400 members operating from about 1,200 locations in the U.S., Canada, Mexico, and elsewhere in the world. Together, MSCI members constitute the largest single group of metals purchasers in North America, amounting each year to more than 65 million tons of steel, aluminum, and other metals, with about 300,000 manufacturers and fabricators as customers. MSCI’s membership also includes almost all ferrous and non-ferrous industrial metals producers in North America. Metals service centers inventory and distribute metals and provide first-stage fabrication services.

Contacts:

Jon Kalkwarf, vice president, finance (847) 485-3007

jkalkwarf@msci.org

Steve Weiner, Readmore Communications, (847) 485-3011

sweiner@msci.org