Steel Mills
May 2, 2018
Ryerson Looking to Strong Second Quarter
Written by Sandy Williams
Ryerson Holding Corp. reported an exceptional first quarter with net income of $10.4 million and revenue of $942.3 million. First-quarter revenue improved 16.1 percent over fourth quarter due to higher volume, seasonal improvement, and higher average selling price.
Ryerson shipments totaled 526,000 tons for the quarter at an average selling price of $1,790 per ton. Shipments were up 11.9 percent from Q4 and 5.8 percent from Q1 2017.
