Steel Mills
February 15, 2018
Reliance Optimistic About 2018
Written by Sandy Williams
Reliance Steel and Aluminum Co. is seeing growing demand across all its product segments and expects that trend to continue through 2018.
Reliance reported a strong fourth quarter with net sales up 15.3 percent year-over-year to $2.38 billion. Third-quarter sales were somewhat lower due to expected seasonality. Fourth-quarter shipments totaled 1,451,000 tons, up 6.3 percent from Q4 2016 and down 4.6 percent from Q3. Average selling price per ton increased 1.6 percent from the third quarter to $1,632 per ton.
