22
Oct
12:34
Covid-19 affects Reliance profits, end-markets gain traction
US service centre chain Reliance Steel and Aluminum saw its profits dip sharply on-year in the third quarter due to challenges presented by Covid-19.
The majority of the company’s end-markets, however, appear to be on the upswing, Kallanish reports.
Reliance earned $97.6 million on sales of $2.09 billion, down from Q3 2019’s $162.7m on sales of $2.69 billion.
“Our third quarter results once again demonstrate the strength of Relianc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous