Fort Lauderdale, US-based metal service center Metals USA Holdings Corp is set to join the broad-market Russell 3000® Index.
A company statement said that the participation will take place when Russell Investments reconstitutes its comprehensive set of US and global equity indexes on June 25, according to a preliminary list of additions posted on www.russell.com. Metals USA is one of the largest metal service centers in North America and a leading provider of value-added metal processing and inventory management services.
Annual reconstitution of Russell's US indexes captures the 4,000 largest US stocks as of the end of May, ranking them by total market capitalization.