23
Apr
15:44
Reliance Steel earnings fall year-on-year
US service centre chain Reliance Steel &Aluminum saw its net income cut by about two-thirds on-year in the first-quarter, Kallanish reports.
Reliance earned $61.7 million on sales of $2.57 billion in Q1, down from earnings of $190.1m on sales of $2.96 billion in Q1 2019.
“We have taken difficult but appropriate actions in response to the Covid-19 pandemic, including workforce reductions, to right-size our operations to sustainable levels. We…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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