25
Apr
14:33
Reliance foresees relatively flat pricing in second quarter
US service centre chain Reliance Steel & Aluminum expects overall pricing to be flat to slightly down in the second quarter, Kallanish learns from the company’s first-quarter earnings review.
Reliance sees steady business conditions ahead in Q2 “... with some downward pressure on gross profit margin,” the company says.
Tons sold will decline by -1-2%, partially due to the addition of an extra shipping day in Q2 compared with Q1, and pric…
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Anonymous
Very good overview of the weekly steel market.
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