Skip Navigation

Our Story: A History of Customer Driven Expansion

Founded in 1971 by Merwin J. Ray, our 1st plant was located in Eminence, KY. Mr. Ray was a growth-oriented, visionary entrepreneur and his drive still permeates throughout the organization today. We continue to expand through Greenfields, strategic acquisitions and partnerships and have built a broad North American processing footprint. Steel Technologies is one of the largest Steel and Aluminum processors in North America. We traded on NASDAQ for 22 years prior to becoming a wholly owned subsidiary of Mitsui & Co. (USA), Inc. in 2007. In 2010, Mitsui formed a joint venture with Nucor Corporation (NuMitt) which now owns 100% of the Company. Steel Technologies operates as an independent business and has continued to expand and thrive under our new ownership.

Our Timeline

1971

Founded as Southern Strip Steel by Merwin J. Ray in Eminence, KY and opens an 8,000 sq. ft. Greenfield facility.

1977

Southern Strip Steel acquires Miller Steel in Kokomo, IN.

1979

Kokomo operations relocated to Greenfield facility in Peru, IN.

1984

Southern Strip Steel enters the State of Michigan, establishing a facility in Madison Heights, MI.

1985

Southern Strip Steel successfully completes IPO and changes name to Steel Technologies.

1986

Mi-Tech Steel, a Steel Technologies/Mitsui & Co. partnership is founded.

1987

Steel Technologies opens new Greenfield facility in Portage, IN. Mi-Tech Steel opens new Greenfield facility in Murfreesboro, TN.

1989

Mi-Tech Steel opens new Greenfield facility in Greensburg, IN

1991

Steel Technologies opens new Greenfield facility in Canton, MI.

1994

Steel Technologies acquires 80% of Aceros Y Maquilas TYCOME, SA de CV., a steel processor in Monterrey, Mexico.

1995

Steel Technologies opens new Greenfield facility in Ghent, KY.

1997

Steel Technologies completes acquisition of Atlantic Coil Processing in Clinton, NC. Mi-Tech Steel opens new Greenfield facility in Decatur, AL.

1998

Steel Technologies acquires Roberts Steel in Cleveland, OH.

1999

Steel Technologies opens new Greenfield facility in Berkeley, SC.

2000

Steel Technologies opens new Greenfield facility in Matamoros, Mexico.

2002

Mi-Tech Steel opens new Greenfield facility in Madison, MS.

2003

Steel Technologies acquires assets of Cold Metal Products in Ottawa, OH. Steel Technologies exceeds $500M in sales.

2004

Steel Technologies expands its Eminence, KY facility.

2005

Steel Technologies expands its Canton, MI facility.

2006

Steel Technologies completes the acquisition of Kasle Steel Corporation and becomes a leader in exposed blanking for the U.S. automotive industry.

2007

Steel Technologies acquires MASCI in Cambridge, ON. Opens new Greenfield facility in Juarez, Mexico. Steel Technologies is merged with Mitsui & Co. (USA), Inc., a wholly owned subsidiary of Mitsui & Co., Ltd.

2008

Steel Technologies exceeds $1B in sales. and opens new Greenfield facility in Woodstock, ON. Mi-Tech Steel’s 5 locations are merged and consolidated into Steel Technologies’ NA Platform. Steel Technologies merges and consolidates MSI (Mitsui Steel, Inc.).

2010

Steel Technologies’ parent company, Mitsui & Company (USA) Inc. and Nucor Corporation form “Nu-Mit”, a 50/50 joint venture, which now owns 100% of Steel Technologies.

2011

Steel Technologies acquires NuPro – Crawfordsville in Crawfordsville, IN.

2012

Steel Technologies exceeds $2B in sales. Opens new Greenfield facility in Celaya, Mexico and begins operations in the strategic Bajio region and expands their Berkeley, SC facility.

2013

Steel Technologies opens new Greenfield facility in Pesqueria, Mexico with the latest EPS green pickling technology. Installed heavy and light gauge Red Bud slitting and multi-blanking line.

2014

Steel Technologies completes acquisition of Stripco – Mishawaka, IN.

2015

Steel Technologies upgrades and widens its reversing mill in Canton, MI improving efficiency, quality and increasing capacity. Expands its Ottawa, OH facility.

2016

Steel Technologies expands its Woodstock, ON facility and announces new Greenfield facility in Smyrna, TN. Expands its Crawfordsville, IN facility and announces an expansion to its Celaya, MX facility.

2017

Steel Technologies expands its Smyrna, TN operation adding laser blanking.

2018

Steel Technologies expands its annealing operation in Canton, MI and expands its Ghent, KY facility.