Consolidated Mill Supply acquires Miller

Consolidated Mill Supply (CMS) has acquired foundry product distributor Miller and Company, CMS announced on Friday September 3.

CMS acquired Chicago-based Miller – “the leading supplier of several key raw materials to the ferrous foundry industry in North America” – from Holta Invest AS in Oslo, Norway, the company said.

Miller will retain its current name, brand and management team – chief executive officer Geir Kvernmo and chief financial officer Dimitra Kotsinonos – while operating as a CMS subsidiary.

CMS is the largest independent distributor of basic pig iron, and also sells hot-briquetted iron, alloys, scrap and steel mill by-products. “The acquisition of Miller adds the pre-eminent United States supplier of high purity pig iron, ferroalloys, silicon carbide, briquettes, foundry coke, inoculants [and other products]” CMS said.

“Miller’s reputation and focus on long-term relationships with both customers and suppliers make it a natural fit with CMS’ philosophy,” CMS president Mark Kaplan said. “Together, we will continue to focus on servicing both our customers and our suppliers to ensure sustainable, long term, and mutually beneficial relationships.”

Fastmarkets’ assessment for pig iron export, fob main port Black Sea, CIS was at $490-$505 per tonne on September 2, down by 3.4% at the midpoint from $510-$520 per tonne on August 26 but up by 46.75% at the midpoint from $335-343 per tonne at the same time in 2020.

Fastmarkets’ assessment for pig iron export, fob Ponta de Madeira, Brazil was at $510 per tonne on September 3, down by 3.32% from 527.5 on August 27 but up by 47.61% from $345.50 from September 2020.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.