Steel Mills
February 16, 2017
Reliance Steel & Aluminum Sees Positive Market Environment
Written by Sandy Williams
Reliance Steel & Aluminum reported sales of $2.06 billion in fourth quarter, up 1.7 percent from fourth quarter 2015 and down 5.7 percent from Q3 2016. Tons sold at 1,365,000 were down 1.1 percent from Q4 2015 and down 5.6 percent from third quarter. Average selling price per ton sold was $1,500, essentially the same as third quarter and up 2.7 percent year over year. Net income $61.7 million compared to $68.6 million a year ago and $49.5 million in Q3 2016.
Reliance carbon steel sales for Q4 totaled 1,096,000 tons compared to 1,167,400 in Q3, a decline of 6.1 percent. Aluminum sales, at 83,300 tons, also declined in fourth quarter, down 4.6 percent.
