31
Oct
20:03
Reliance expects strong fourth-quarter demand, seasonal patterns
Reliance Steel & Aluminum remains optimistic as the fourth quarter unfolds after earnings fell by nearly a third sequentially due to declining global steel prices, Kallanish reports. According to the company's latest conference call, leadership expects healthy demand for non-residential construction and its other end-user markets.
The company earned $393.5 million on sales of $4.2 billion during Q3, which was down sequentially by over 30%, but up…
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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