Service Centers
March 10, 2016
Ryerson CEO Hopes Industry Will be Mindful of Import Spreads
Written by Sandy Williams
Ryerson CEO Eddie Lehner called 2015 “one of the harshest and most difficult metal environments we have seen in terms of magnitude and duration.”
Ryerson Holding, a service center company, announced fourth quarter and full year results on Thursday. The company posted a net loss of $20.5 million for the quarter. Revenue was down 23 percent year over year to $668.8 million. Shipment of 441,000 tons in Q4 was a decline of 10.4 percent from third quarter and 6.4 percent from Q4 2014. Carbon steel shipments decreased to 343,000 tons for sales of $346 million. Carbon steel sales fell 15.2 percent sequentially and 17 percent from a year ago.
