24
Jul
13:04
Construction, auto pull down Reliance earnings
US service centre chain Reliance Steel & Aluminum saw its profits fall by about half on-year in the second quarter, Kallanish reports.
Reliance earned $80.2 million on sales of $2 billion in Q2, down from earnings of $183.1m on sales of $2.9 billion in Q2 2019.
A dip in non-residential construction demand brought about the by Covid-19 pandemic was the largest since factor in the earnings shortfall, the company says.
“Demand in non-res…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous