Metal processor Metals USA Holdings Corp. wants to raise about USD 200 million in an initial public offering. The Fort Lauderdale, Florida, US, company is being taken public by private equity firm Apollo Management LP, which owns more than 90% of the company. After the IPO, Apollo would own more than 60% of Metals USA. Metals USA plans to use the proceeds from the offering, which it estimates at about USD 182 million, to repurchase debt. Metals USA is a provider of processed carbon steel, stainless steel, aluminum and roofing products to companies in various industries, including industrial machinery, appliance manufacturing, construction, energy and aerospace. It is an intermediary between primary metal producers such as Nucor Corp. and its customers, who want smaller amounts of customized metals.