Mill Steel Co. Gives $1,000.00 Tax Cut Bonus to all Full-Time Associates

News provided by

Feb 08, 2018, 08:50 ET

GRAND RAPIDS, Mich., Feb. 8, 2018 /PRNewswire/ -- Mill Steel Co., one of the nation's largest distributors of flat-rolled carbon steel, is pleased to award a $1,000 bonus to all 400 of its full-time associates following the tax cut passed by Congress and signed by President Trump.

Mill Steel announced this morning that all full-time associates across its nine operations nationwide, no matter each individual's seniority, will receive a one-time bonus from the recent tax overhaul that reduces corporate tax rates.

David Samrick, Mill Steel CEO and Chairman, said, "We would not be where we are today without the dedication of our people. When afforded an opportunity like this, we are delighted to invest back into our hard working associates. As a result, we anticipate increased efficiencies across all operations."

The company will continue to annually assess its compensation and benefit plan.

"We are overwhelmed by the outpouring of gratitude from our associates, it was incredibly rewarding to be able to make so many people happy. Our team is top priority and they are uniquely committed to the success of Mill Steel," said Pam Heglund, President of Mill Steel.

About Mill Steel Co.:

Founded in 1959 by Harry Samrick, Mill Steel Co. is one of North America's premier flat-rolled steel suppliers. Headquartered in Grand Rapids, MI, Mill Steel operates six service center locations including Grand Rapids and Melvindale, MI, Anderson and Jeffersonville, IN, Birmingham, AL, and Houston, TX. Mill Steel excels at serving some of the world's most demanding industries with its steadfast dedication to superior quality, delivery, and performance. The company continues to grow by consistently operating with integrity, putting its customers and associates first. For more information about Mill Steel Co., visit www.millsteel.com

SOURCE Mill Steel Co.