PITTSBURGH, Feb. 1, 2012 /PRNewswire/ -- TMS International Corp.(NYSE: TMS), the parent company of Tube City IMS Corporation, a leading provider of outsourced industrial services to steel mills globally, today announced that it has opened a trading office in Dubai, United Arab Emirates.
(Logo: http://photos.prnewswire.com/prnh/20110406/MM78984LOGO )
The opening of the office follows the company's recently announced seven-year contract for a variety of outsourced services with a leading regional steel company in Abu Dhabi.
J. David Aronson, President and Chief Operating Officer of the company's Raw Material and Optimization Group, said the Middle East/North Africa region is an increasing important market.
"We believe the steel industry will continue to grow in the Middle East/North Africa countries during the coming years," Mr. Aronson said. "The opening of this office, linked with our trading offices throughout Latin America, Europe and the Asia-Pacific, will provide the company with a worldwide platform to serve customers in these regions in addition to our significant historic presence in North America."
Heading up the newly-opened office is Anthony Rupert "Butch" Zeederberg, as Manager of Scrap/Raw Materials in the Middle East/North Africa region. "Butch is a seasoned steel trading veteran with a wealth of knowledge in the international marketplace. He has more than 30 years of experience in management, steel trading and logistics," Mr. Aronson said. "His charisma, leadership and existing relationships with leading worldwide steel producers will help facilitate the company's expansion into the growing Middle East/North Africa Region.
"With Butch on board, we will continue to pursue further commodity diversification into the scrap and steel products arena. His presence will expand our global network of professionals across the five continents with extensive knowledge of and deep experience in raw material and steel products. We welcome Butch to our team."
Previously, Mr. Zeederberg was Executive Director at trading company Balli Middle East. He has also worked as Director, Liberty Commodities, Dubai; Director of Long Products and Raw Materials for Macsteel International, Middle East; and was also Global Head of Stemcor Long Products for seven years.
He is a founder and current member of LME Steel Futures Committee and a member of the International Rebar Producers Association Traders Committee.
About TMS International Corp.
TMS International Corp., through its subsidiaries, including Tube City IMS Corporation, is the largest provider of outsourced industrial services to steel mills in North America as measured by revenue and has a substantial and growing international presence. The company provides mill services at 82 customer sites in 11 countries and operates 29 brokerage offices from which it buys and sells raw materials across five continents.
Certain information in this news release contains forward-looking statements with respect to the company's financial condition, results of operations or business or its expectations or beliefs concerning future events. Such forward-looking statements include the discussions of the company's business strategies, estimates of future global steel production and other market metrics and the company's expectations concerning future operations, margins, profitability, liquidity and capital resources. Although the company believes that such forward-looking statements are reasonable, it cannot assure you that any forward-looking statements will prove to be correct. Such forward-looking statements involve risks, uncertainties, estimates and assumptions that may cause the company's actual results, performance or achievements to be materially different. Additional information relating to factors that may cause actual results to differ from the company's forward-looking statements can be found in the company's Registration Statement on Form S-1. The company undertakes no obligation to update or revise forward-looking statements after the day of the release as a result of new information, future events or developments except as required by law.
SOURCE TMS International Corp.