Aluminum Investing News » Reliance Steel 3Q Profit Jumps 74 Percent

Reliance Steel 3Q Profit Jumps 74 Percent

October 27, 2011 @ 9:36 pm In Aluminum Market News

MSNBC reported that Reliance Steel & Aluminum Co.'s (NYSE:RS) third-quarter profit surged 74 percent due to rise in steel volumes as well as prices.

As quoted in the market news:

Reliance said overall demand during the quarter was better than expected, but there was significant downward pressure on pricing and margins, especially during July and August, as a result of declining mill prices for most of its products.

Click here to read the full MSNBC report ^[1]

Article printed from Aluminum Investing News: http://aluminuminvestingnews.com

URL to article: http://aluminuminvestingnews.com/1580/reliance-steel-3q-profit-jumps-74-percent/

URLs in this post:

[1] Click here to read the full MSNBC report: http://www.msnbc.msn.com/id/45065768/ns/business-us_business/#.TqovmLLf_Yg