Steel Mills
October 24, 2013
Reliance Sales Rise Due to Metals USA
Written by Sandy Williams
Reliance Steel & Aluminum increased sales 18.9 percent to $2.44 billion in the third quarter 2013 from $2.06 billion in third quarter 2012. Tons sold were up 31.3 percent year-over-year to 1.45 billion tons. Net income was $95.1 million, down 3.1 percent from $98.1 million in the third quarter of 2012 and up 17.4 percent from $81.0 million in the second quarter of 2013. Year over year earnings dropped due to lower average selling prices in 2013. Metals USA continued to improve its profit margin and add to Reliance’s net sales.
