Cleveland Metal Exchange

What Cleveland Metal Exchange does

Cleveland Metal Exchange is a flat-rolled metal distributor operating through seven service centers and thirty production lines across five US regions (Northeast, Southwest, Southeast, Midwest, Mountain West). Its product portfolio spans hot rolled steel, cold rolled steel, coated products, painted coil stock, metal framing, stainless steel, and aluminum, with processing capability covering gauges from .010" to .500" and coils up to 72" wide. In-house lab services provide material certification, and a Rapid Response program commits to five-minute quote response and 48-hour emergency shipment.

The company sells B2B across nine named verticals: agriculture, appliance, automotive, construction, data centers, HVAC, office furniture, oil and gas, and solar. Distribution runs through direct sales, an online store for smaller buyers, and the Rapid Response emergency channel. Geographic reach was extended in August 2025 with the move into a new Portside facility in Houston.

The company is privately held and women-owned, led by CEO Pam Heglund who succeeded the founder's family leadership. It was ranked #14 on the Metal Center News Top 50 Service Centers list in September 2025 and #2 on the Michigan women-owned business list in April 2026. Note: firmographic metadata flags the firm as 11–50 employees, which is materially inconsistent with thirty production lines across seven service centers; the operational footprint is the more credible indicator of scale.

Name

Cleveland Metal Exchange

Legal name

Mill Steel

Website

https://clevelandmetal.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Cleveland Metal Exchange is a flat-rolled metal distributor of steel and aluminum operating seven service centers and thirty production lines across five US regions, serving agriculture, automotive, construction, data centers, solar, and other industrial B2B customers.

Ownership category

akta.pro rank

Product category

Flat-Rolled Metal Distribution

NAICS

Rolling and Drawing of Purchased Steel (33122), Aluminum Sheet, Plate, and Foil Manufacturing (331315)

SIC

Wholesale-Metals Service Centers & Offices (5051)

akta.pro primary industry

Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB)

akta.pro secondary industry

Non-Ferrous Base Metals Trading (Aluminum, Copper, Zinc, Lead, Tin, Nickel) (IMAKAJAC)

Keywords

• Flat rolled steel distribution
• Aluminum coil distribution
• Metal service center
• Coated steel products
• Metal processing services

Headquarters

HQ city

Ohio

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Flat Rolled Metal Distribution: Sale of flat rolled steel and aluminum products including hot rolled, cold rolled, coated products, painted coil stock, metal framing, stainless steel, and aluminum. Products range from galvanneal, galvalume, aluminized, and specialty grades. All orders include full material certification with shipment.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Cleveland Metal Exchange, operating as Mill Steel, distributes flat-rolled steel and aluminum products including hot rolled, cold rolled, coated, painted coil stock, stainless steel, aluminum, and metal framing to industrial buyers. The company complements this physical product offering with value-added processing (slitting, cut-to-length, blanking), in-house metallurgical lab services, and a Rapid Response emergency fulfillment capability supporting same-day shipping.

Product overview

Mill Steel is a flat rolled metal distributor offering a comprehensive portfolio of steel and aluminum products. The company distributes seven core product lines: Hot Rolled Steel, Cold Rolled Steel, Coated Products (including galvanneal, galvalume, and aluminized specialty grades), Painted Coil Stock, Metal Framing, Stainless Steel, and Aluminum. All products are evaluated and tested for quality of metal and precision to customer specifications, with full material certifications provided with each shipment. The company operates 30 strategically located production lines across seven service centers, offering processing capabilities for gauges from .010 inches to .500 inches and coils up to 72 inches wide. Key services include Rapid Response (guaranteeing five-minute response times and 48-hour emergency shipping) and Lab Services. The company serves diverse markets including Agriculture, Appliance, Automotive, Construction, Data Centers, HVAC, Office Furniture, Oil and Gas, and Solar.

Differentiator

Problem solved

Functional benefit

Brands

• Mill Steel Framing: Metal framing business unit

Products and services

• Hot Rolled Steel
• Cold Rolled Steel Flat-rolled cold rolled steel coils and sheets supplied to manufacturers and fabricators requiring tighter dimensional tolerances and a smoother surface finish than hot rolled.
• Coated Steel Products Coated flat-rolled steel products such as galvanized coils and sheets sold to manufacturers and fabricators needing corrosion resistance for downstream fabrication and end-use applications.
• Painted Coil Stock Pre-painted flat-rolled steel coil stock supplied to manufacturers and fabricators who require a finished, color-coated surface for use in roofing, cladding, appliances, and other downstream products.
• Metal Framing Metal framing components produced from flat-rolled steel and sold to construction, building products, and industrial buyers as structural and non-structural framing material.
• Stainless Steel Flat-rolled stainless steel coils and sheets sold to manufacturers and fabricators requiring corrosion resistance, hygienic surfaces, or specialized mechanical properties.
• Aluminum Flat-rolled aluminum coils and sheets distributed to manufacturers and fabricators for use where lightweight, corrosion-resistant, or formable non-ferrous material is required.
• Rapid Response Emergency Service Emergency same-day delivery service for flat-rolled steel and aluminum orders, targeting manufacturers and fabricators facing production downtime or urgent replenishment needs.
• Lab Services In-house metallurgical lab services providing material testing, certification, and mill test reports for flat-rolled steel and aluminum products supplied to industrial buyers.

Quantifiable outcome

• Rapid Response guaranteed within 5 minutes of inquiry submission
• +1 more outcomes

Segments9 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators9 records

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• Worthington Industries, Inc. Public US processor of flat-rolled steel with significant service center, framing, and pressure cylinder operations. Overlaps in flat-rolled processing and construction/industrial end-markets at larger scale.
• Reliance Steel & Aluminum Co. Largest US metals service center operator with a diversified portfolio across carbon, stainless, aluminum, and specialty metals. Competes head-to-head in flat-rolled steel and aluminum distribution but at materially greater scale and product breadth.
• Schnitzer Steel Industries, Inc. Recycled metals producer and finished steel products distributor operating a nationwide service center network. Overlaps in flat-rolled and structural steel distribution but with a distinct recycled-metals upstream business.

Direct peers

• Russel Metals Inc. North American metals service center operating flat-rolled processing, aluminum, and stainless distribution with US presence. Comparable product set and processing-driven business model, though Canadian-headquartered.
• Olympic Steel, Inc. Public US metal service center specializing in flat-rolled steel, coil processing, and aluminum products serving similar end-markets including automotive, construction, and HVAC. Highly comparable business model and customer mix.
• Ryerson Holding Corporation: Public US metals service center processor and distributor of flat-rolled steel, aluminum, and stainless products across multiple regions. Closest large-scale direct competitor with overlapping product lines, value-added processing, and nationwide footprint.
• Kloeckner Metals Corporation: US subsidiary of Klöckner & Co distributing flat-rolled steel, aluminum, and stainless products through service centers nationwide. Direct overlap in product lines, processing services, and multi-region distribution.
• Steel Technologies LLC (Heico Companies): Flat-rolled steel processor and service center operator owned by Heico, serving automotive, appliance, and industrial customers with similar processing capabilities. Closely comparable in product focus and customer mix.
• TW Metals: Specialty metals service center distributing stainless, aluminum, and nickel alloy products in tubular, bar, sheet, and plate forms. Comparable specialty metals distribution focus with similar processing-oriented service model.
• EMJ Metals (Earle M. Jorgensen Company): National metals service center distributing steel, aluminum, and stainless bar, sheet, and plate products. Competes in the same flat-rolled and aluminum distribution space with value-added processing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Cleveland-Metal-Exchange-612160668911593
• LinkedInlinkedin.com/company/cleveland-metal-exchange

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cleveland Metal Exchange