Russel Metals Inc T.RUS

Alternate Symbol(s): RUSMF

Industrials Industrial Distribution

Russel Metals Inc. is a metals distribution company in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy products and steel distributors. The Company’s network of metals service centers carries a line of metal products in a range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals. Its energy products operations carry a specialized product line focused on the needs of energy industry customers. Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers. It provides processing and distribution services to a base of approximately 34,000 end users through a network of over 53 Canadian locations and 23 United States locations.

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Russel Metals Inc

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Comment by dismalscienceon Jan 23, 2004 8:17pm

129 Views

Post# 6944796

RE: redemption

That's my take too. I believe it's called rescheduling debt. Also if this debt is denominated in US dollars as the PR suggests, RUS must be taking advantage of the exchange rate to buy it back cheaply. Looks like a savvy move financially. Mr. Market seems to think so too. Me, I keep kicking myself for not averaging up on this one! Diz

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