Steel Mills
July 25, 2019
Reliance Optimistic About Demand
Written by Sandy Williams
Reliance Steel & Aluminum reported net sales of $2.8 billion for the second quarter of 2019, a decrease of 2.5 percent from the first quarter. Net income totaled $183.1 million, down from $190.1 million in the prior quarter, while shipments totaled 1.5 million tons, up slightly (0.4 percent) from Q1.
“We had a solid second quarter characterized by relatively steady demand conditions in most of the key end markets we serve,” said Jim Hoffman, president and CEO of Reliance.
