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05 Aug
18:45

Ryerson's earnings rise to historic levels in Q2

US service centre chain Ryerson's profits rose to record high levels in the second quarter due to rising metal prices and strong backlogs. The company's second earnings are up from a loss in the second quarter of last year and remain significantly above the prior quarter's earnings, Kallanish understands. In the second quarter ending 30 June, Ryerson earned $112.9 million on sales of $1.42 billion which is up from a loss of $25.6m on sales of…
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