Tube City Pulls IPO

Tube City IMS Corp., a Glassport, Pa.-based provider of outsourced services to steel mills, has withdrawn its proposed $172.5 million IPO. Wellspring Capital Partners holds an 84% position. It had been planning to trade on the Nasdaq, with Credit Suisse, UBS and Jefferies & Co. serving as co-lead underwriters. www.tubecityims.com