Cargill, Robinson Steel form joint venture

Cargill, a global trader, processor, and distributor of iron and steel, has agreed to enter into a joint venture with Robinson Steel to produce and distribute RPS® sheet and plate under license. The Cargill and Robinson joint venture will have an initial capacity of 200,000 tons per year of cold reduced cut-to-length hot-rolled steel from a jointly owned 100,000 square foot production facility located in Granite City, Ill.

Cargill will source the hot-rolled band and provide all of the sales and marketing to support the venture. Robinson will manage and operate production of the facilities. As a licensed distributor, Cargill will have access to production from Robinson's other Granite City processing line and the East Chicago, Ind., facility. Officials expect to close within the next 45 days. Terms were not disclosed.