07:57 AM EDT, 08/14/2025 (MT Newswires) -- Russel Metals ( RUSMF ) said Thursday that it secured TSX approval to renew its normal course issuer bid.

Under the NCIB, Russel Metals ( RUSMF ) may purchase for cancellation up to 5,542,173 shares, or 10% of its public float, from Aug. 18 until Aug. 17, 2026.

The company's previous NCIB is expiring Aug. 15.

Russel Metals ( RUSMF ) said the NCIB will provide a flexible tool as part of its capital allocation program, while generating value for shareholders.

The company's share price gained 1.2% on Wednesday to $40.92 on the TSX.