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Home > Company Index > Metals & Mining > Steel Production > Roanoke Electric Steel Corporation

Roanoke Electric Steel Corporation
Nasdaq: RESC
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 PROFILE
Roanoke Electric Steel turns wrecked Renaults and bashed Buicks into merchant steel bar, billets, steel joists, and reinforcing steel. Its Shredded Products subsidiary processes junked autos to supply the company's steel minimills with raw materials. Subsidiaries John W. Hancock, Jr., and Socar use the merchant steel to produce joists used in construction; subsidiary RESCO Steel Products Corporation cuts and bends reinforcing steel to contractor specifications. Another subsidiary, Steel of West Virginia, makes custom steel for mining equipment, guardrail posts, and industrial lift trucks. Roanoke Electric Steel utilizes Norfolk Southern's rail service and more than 50 truck carriers to serve customers in 21 states.

 COMPETITION
Nucor Corporation (NUE)
Pohang Iron & Steel Co., Ltd. (PKX)
USX-U.S. Steel Group (X)

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 FINANCIAL OVERVIEW
Fiscal Year-End: October
2000 Sales (mil.): 372.70
1-Yr. Sales Growth: (0.1)%
Employees: 1,811
Revenue per employee: $205,797.90

 KEY PEOPLE
• Donald G. Smith
    CEO
• John E. Morris
    CFO

 CONTACT INFO
102 Westside Blvd., N.W.
Roanoke, VA 24017
US
Phone: 540-342-1831
Fax: 540-342-9437
Online: Web Site

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