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28 Oct
20:21

Reliance remains profitable through third quarter

Scottsdale, Arizona-based service centre chain Reliance Steel & Aluminum achieved a strong quarterly performance in spite of falling global steel prices, Kallanish understands Reliance Steel earned $393.5 million on sales of $4.2 billion during the third quarter, which was down sequentially by over 30%, but up above last year's Q3 earnings by about 50%. In the first nine months of the year, the company earned $1.5 billion on sales of $13.4 billio…
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