Steel Mills
April 25, 2019
Reliance Steel and Aluminum: Generally Healthy Demand
Written by Sandy Williams
Reliance Steel & Aluminum posted a good first quarter with net sales of $2.96 billion, increasing 7.2 percent year-over-year and 4.1 percent from the fourth quarter. Net income jumped 122 percent from the fourth quarter to $190.1 million.
Tons sold increased 5.2 percent from the fourth quarter to 1.5 million tons, but were slightly below the company forecast of 6-8 percent and 5.9 percent below tons sold in Q1 2018.
