RUSSEL METALS DONATES $100,000 TO SUPPORT HUMANITARIAN EFFORTS IN UKRAINE

Rhea-AI Summary

Russel Metals Inc. announced a donation of $100,000 to the United Nations High Commission for Refugees Canada to aid humanitarian efforts in Ukraine. This contribution aims to support those displaced by the ongoing crisis. CEO John Reid emphasized the urgency of the situation, highlighting the company's commitment to assist affected individuals. Russel Metals is recognized as one of North America's largest metals distribution firms, operating in three primary segments: metals service centers, energy products, and steel distribution.

Positive

• Donation of $100,000 to support humanitarian efforts in Ukraine demonstrates corporate social responsibility.
• Strengthens brand reputation by actively participating in global humanitarian initiatives.

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• None.

TORONTO, March 2, 2022 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it is donating $100,000 to the United Nations High Commission for Refugees Canada (UNHCR) UN Refugee Agency, to provide immediate support to the humanitarian efforts in Ukraine for those Ukrainians forced to flee their homes. 

"The people of Ukraine are in immediate need of our support," said John Reid, President and CEO of Russel Metals.  "This is an urgent situation, and we are joining the global efforts to support this critical need."

About Russel Metals Inc.
Russel Metals is one of the largest metals distribution companies 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.  Its network of metals service centers carries an extensive line of metal products in a wide 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 mainly on an "as is" basis.

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SOURCE Russel Metals Inc.

FAQ

What did Russel Metals announce on March 2, 2022?

Russel Metals announced a donation of $100,000 to the UNHCR to support humanitarian efforts in Ukraine.

How is Russel Metals supporting Ukraine's humanitarian crisis?

Russel Metals is supporting Ukraine by donating $100,000 to the United Nations High Commission for Refugees Canada.

Who is the CEO of Russel Metals who commented on the donation?

John Reid is the CEO of Russel Metals who commented on the donation's urgency.

What areas does Russel Metals operate in?

Russel Metals operates in metals service centers, energy products, and steel distribution.

What is the significance of Russel Metals' donation?

The donation signifies Russel Metals' commitment to corporate social responsibility and support for humanitarian efforts.