03
Aug
14:55
Ryerson sees return to normalcy in Q4
US service centre chain Ryerson hopes to get its inventory and cash conversion cycles back to pre-Covid-19 levels by the fourth quarter, Kallanish learns from the company’s Q2 earning call with analysts.
Ryerson’s inventory rose from 74 days of supply at the end of Q1 to 85 at the end of Q2. Concurrently, its average cash conversion cycle rose from 77 days in Q1 to 91 days in Q2.
During the second quarter, Ryerson shaved 95,000 short tons …
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Anonymous
Very good overview of the weekly steel market.
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