28
Oct
19:24
Reliance anticipates declining shipments despite strong demand
Service centre giant Reliance Steel & Aluminum foresees lower shipments in the current quarter, as normal seasonal factors and fewer shipping days combine with current supply constraints, labour issues, and supply chain disruptions.
Tons sold declined 4.6% from Q2 to 1.358 million short tons in Q3 and the company expects to see a further reduction of 5-8% in Q4 tonnages. Carbon steel tonnages sold reached 1.1m st in Q3, a 5% quarter-on-quarter drop but a 5.6% …
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Anonymous
Very good overview of the weekly steel market.
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