08
May
01:00
Ryerson aggressively manages inventories as US demand softens
Macroeconomic conditions -- including softening demand, and supply exceeding demand across all metal products globally -- pressured Ryerson’s first quarter results. The US-based processor and distributor group reported a Q1 15 net loss of $2.5m on revenues of $868m. This compares to Q1 14 net income of $1.6m on similar revenues.
“Continued deflationary pressure in metal prices resulted in gross margin compression in the quarter, as average cost i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous