06
May
16:43
Ryerson increases profits, predicts price jump in Q2
US service centre chain Ryerson increased its profits on-year in the first quarter despite a still-challenging market environment, Kallanish learns from the company’s Q1 review.
Ryerson earned $25.3 million during the quarter on sales of $1.15 billion, up from earnings of $16.4m on sales of $1.01 billion in Q1 2020.
Average pricing rose in the same time period by 18.4%, while volumes dropped by 4.1%.
“Despite ongoing risks and challenges presen…
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Anonymous
Very good overview of the weekly steel market.
Anonymous