09:15 AM EDT, 08/14/2026 (MT Newswires) -- Russel Metals ( RUSMF ) said Friday it received exchange approvals to renew its normal course issuer bid (NCIB), to buy back up to 5.45 million shares, 10% of its public float.

The NCIB will begin on Aug. 18 and run for one year.

Russel Metals ( RUSMF ) bought back 1.02-million shares of an allowed 5.54 million under its previous share buyback program.

The company's shares closed up C$0.83, or 1%, to C$80.50 on the Toronto Stock Exchange.