Steel Mills
June 29, 2018
Ryerson Revenue Rises on Strong Shipments and Pricing in 2Q
Written by Sandy Williams
Metals distributor and processor Ryerson Holdings is expecting stronger revenue in the second quarter due to an increase in tons sold and higher average selling prices. Year-over-year volume growth was evident in nearly all end markets, notably in commercial ground transportation, consumer durable equipment and industrial equipment, the company said.
Pricing is continuing to improve in the second quarter and manufacturing remains strong, said Ryerson. With May steel imports receding, service center volumes up 5.0 percent January through May, and industrial production showing 3.5 percent growth this year, Ryerson expects continued shipment strength.
