Mac Steel GSC Inc. acquires General Steel Corp.

Jan 06, 2024

McDonald Steel Corp., McDonald, Ohio, a producer of custom-engineered hot-rolled shapes, has announced that its wholly owned subsidiary Mac Steel GSC Inc. has acquired the assets of Cleveland-based General Steel Corp., a steel service center specializing in the processing of steel plate.

General Steel will continue to operate as a stand-alone enterprise in Cleveland.

"We pursued this acquisition because General Steel's precision plate processing capabilities are a natural complement to our broad line of specialty hot-rolled shapes," McDonald Steel President Jim Grasso said. "Our partnership will enable us to more fully serve our current customers, particularly those related to rail transportation and infrastructure reinvestment, and will pave the way for increased penetration of the construction and agriculture markets."