Steel Mills
February 19, 2014
Reliance Results Impacted by Lower Pricing
Written by Sandy Williams
Reliance Steel & Aluminum Company reports fourth quarter 2013 sales for all products were $2.31 billion, up 22.1 percent from $1.89 billion in the fourth quarter of 2012 and down 5.6 percent from $2.44 billion in the third quarter of 2013. Net income for the quarter was $61.8 million, compared to $95.1 million in third quarter 2013 and $80.4 million in Q4 2012.
Tons sold were up 38.7 percent to 1.4 million tons from the fourth quarter of 2012 and down 3.1 percent from the third quarter of 2013. The average selling price per ton sold was $1,645, down 11.4 percent from the fourth quarter of 2012 and down 2.0 percent from the third quarter of 2013.
