Service Centers
May 4, 2017
Inventories Low and Profits Up for Ryerson
Written by Sandy Williams
Ryerson Holding Corporation, a distributor and value-added processor of industrial metals, reported net income of $14.8 million in first quarter 2017 on revenue of $814.5 million.
Increased shipment volume combined with higher selling prices led to strong results for the quarter. Total tons shipped were 497,000 compared to 440,000 tons in first quarter and 478,000 tons in Q2 2016. Average selling price per ton was up 5.7 percent from Q4 to $1,639 with average cost per ton at $1,316.
