05
May
22:37
Ryerson predicts margin improvements for service centres
US service centre chain Ryerson expects to see margin improvement over the balance of the year, Kallanish learns from the company’s first-quarter earnings.
Ryerson earned $13.5 million in the first quarter on sales of $702.6m. Last year, Ryerson lost $2.5m with sales of $868m.
Ryerson’s margin during the quarter was 21%, up from 17.3% in Q1 2015.
"We are encouraged by current trends throughout the global metals supply chain where prices ar…
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Very good overview of the weekly steel market.
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