21
Jul
19:58
Reliance realises profit despite end-use challenges
Reliance Steel & Aluminum credits an uptick in overall steel prices for its second-quarter profit, though many end-use markets remain challenged, Kallanish learns from a company earnings review.
Reliance posted a Q2 profit of $100.9 million on sales of $2.2 billion, up 9.4% from Q1 and up 11.9% from Q2 2015.
"The metals pricing environment for carbon steel products was favorable in the second quarter of 2016, with continued mill price increases throu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous