Steel Mills
October 26, 2014
Reliance Execs Comment on Steel Industry
Written by Sandy Williams
Reliance Steel & Aluminum Co reported record sales for third quarter of $2.71 billion on shipments of 1.5 million tons. Not only did the company have good results to report, the Reliance executives had good commentary to offer in their third quarter conference call.
Reliance noted that their purchase of imported steel has increased from 5 to 10 percent of inventory which created a fair amount of discussion.
