Service Centers
August 11, 2016
Ryerson: Inventories Lean and Getting Leaner
Written by Sandy Williams
Ryerson Holding Corp, a leading metals distributor and processor, reported net income of $5.6 million for second quarter 2016. Sales of $739.8 million declined 12 percent year over year due to lower average selling price, but increased 5.3 percent from Q1. Tons shipped increased 3.5 percent.
Ryerson expects manufacturing growth to remain slow in the short term but lean industrial inventories and bottoming conditions for some sectors suggest stronger growth ahead.
