Service Centers
November 3, 2016
Ryerson Posts Profit for Q3
Written by Sandy Williams
Ryerson Holding Co., a processor and distributor of metals in the U.S., Canada, Mexico and China, reported net income of $8.2 million for third quarter.
Sales for the quarter totaled $735.1 million, essentially unchanged from second quarter. Shipments fell 5.0 percent sequentially and 2.4 percent year-over-year to 480,000 tons. The lower volume was partially offset by higher average selling price per ton of $1,531 compared to $1,465 per ton in second quarter.
