Reliance Steel
Reliance Steel & Aluminum Co., headquartered in Los Angeles, Calif., is the largest metals service center company in North America.
Latest News
Reliance Steel Reports Record Quarterly Sales in Q2
29 July 2014 - While the company was somewhat disappointed with demand growth in the second quarter, Reliance does expect the economy to continue to improve with the potential for continued volume improvement in the second half of 2014.
Platts Global Metals Awards Laud 2014 Winners’ Innovative & Philanthropic Initiatives
28 May 2014 - Companies and individuals from four continents were honored Wednesday, 21 May 2014 at the 2014 Platts Global Metals Awards for exemplary achievements in the steel, metals and mining industries.
Reliance Steel Expects Continued Slow, Steady Recovery in Demand
29 April 2014 - In the first quarter of 2014, Reliance Steel & Aluminum Co. said it the overall improvement in demand that it experienced in the second half of 2013 continued and it also saw the normal seasonal pick-up compared to the fourth quarter of 2013.
Reliance Steel Gives 2014 Outlook, Reports 2013 Results
21 February 2014 - Reliance Steel & Aluminum Co. reported its financial results for the fourth quarter and full year ended 31 December 2013.
Reliance Steel Reports Third Quarter 2013 Financial Results
25 October 2013 - As it reported its third quarter results, Reliance Steel & Aluminum said it expects that global economic and political uncertainty, complicated further by political issues in the U.S., will continue to present challenges to industrial growth in the fourth quarter of 2013.
Reliance Steel & Aluminum Reports Quarterly Results and Outlook
31 July 2013 - Reliance Steel & Aluminum expects global economic uncertainty will continue to present challenges to industrial growth in the third quarter of 2013 and expects only slight improvements in demand with pricing remaining relatively unchanged from second quarter levels.
Reliance's Hannah Appointed Chairman of MSCI
20 May 2013 - The Metals Service Center Institute (MSCI) announced that David H. Hannah, chairman and chief executive officer of Reliance Steel & Aluminum Co., has been elected chairman of the board for the MSCI effective 1 July.
Reliance Steel Reports First Quarter Results; Provides End-Market Outlook
29 April 2013 - As it reported its first quarter earnings results, Reliance Steel & Aluminum Co. says market conditions currently present headwinds to organic growth, but its strong balance sheet provides significant financial flexibility to take advantage of compelling M&A opportunities.
Reliance Steel Completes Acquisition of Metals USA
15 April 2013 - Reliance Steel & Aluminum Co. has completed the previously announced acquisition of Metals USA Holdings Corp., adding a total of 48 service centers throughout the U.S. to its existing operations.
Metals USA Announces Stockholder Approval of Merger Agreement with Reliance Steel
11 April 2013 - Metals USA Holdings Corp. announced that its stockholders approved the adoption of the merger agreement, entered into on 6 February 2013, among Metals USA Holdings Corp., Reliance Steel & Aluminum Co. and RSAC Acquisition Corp.
Metals USA Announces End of "Go-Shop" Period, Termination of Antitrust Waiting Period
11 March 2013 - Metals USA Holdings Corp. announced the expiration of the 30 day "go-shop" period pursuant to the terms of the previously announced merger agreement between Metals USA Holdings Corp. and Reliance Steel & Aluminum Co.
Reliance Steel & Aluminum Reports 2012 Results, 2013 Outlook
21 February 2013 - Reliance Steel & Aluminum says its fourth quarter results reflect the impact of continued global economic uncertainty coupled with normal seasonal trends and expects global economic and political uncertainty to continue negatively impacting the metals industry in the 2013 first quarter.
Reliance Steel to Buy Metals USA in Deal Worth $1.2 Billion
06 February 2013 - Reliance Steel & Aluminum Co. and Metals USA Holdings Corp. announced a definitive merger agreement whereby Reliance Steel & Aluminum Co. will acquire all outstanding shares of Metals USA Holdings Corp. for US$20.65 per share in cash, representing an enterprise value of approximately US$1.2 billion.
Pricing Pressure Affects Reliance Steel Earnings Results
25 October 2012 - Reliance Steel & Aluminum Co. reported its tons sold in the third quarter increased over last year driven mostly by increased sales of stainless and aluminum products. Downward pressure on pricing affected sales, and the company expects economic uncertainty and seasonal trends to affect fourth quarter sales as well.
Reliance Steel & Aluminum Acquires GH Metal Solutions
04 October 2012 - Reliance Steel & Aluminum Co. announced that, through its wholly-owned subsidiary Feralloy Corporation, effective 1 October 2012 it completed the acquisition of all the outstanding capital stock of GH Metal Solutions, Inc. (formerly known as Gas House, Inc.), a value added processor and fabricator of carbon steel products located in Fort Payne, Ala.
Reliance Steel & Aluminum Acquires Sunbelt Steel Texas
03 October 2012 - Reliance Steel & Aluminum Co. announced that effective 1 October 2012, it has acquired all the outstanding limited liability company interests of Sunbelt Steel Texas, LLC, a value-added distributor of special alloy steel bar and heavy-wall tubing products to the oil and gas industry.
Reliance Steel & Aluminum Agrees to Acquire GH Metal Solutions
20 September 2012 - Reliance Steel & Aluminum Co., through its wholly-owned subsidiary Feralloy Corporation, has reached an agreement to purchase all of the outstanding capital stock of GH Metal Solutions, Inc., a value added processor and fabricator of carbon steel products located in Fort Payne, Ala.
Reliance Steel & Aluminum Announces New Board Member
31 July 2012 - Reliance Steel & Aluminum Co. announced that Sarah J. "Sally" Anderson, 62, has joined its Board of Directors effective 24 July 2012.
Reliance Steel & Aluminum Co. Reports Second Quarter Results
26 July 2012 - Reliance Steel & Aluminum Co. reported net income of $108.8 million on sales of $2.21 billion during the second quarter even as general economic uncertainty and declining prices for its products negatively pressured volumes and pricing.
Reliance Steel & Aluminum Acquires Airport Metals of Australia
09 July 2012 - Reliance Steel & Aluminum Co., through its newly-formed subsidiary Bralco Metals (Australia) Pty Ltd., has acquired substantially all of the assets of Airport Metals (Australia) Pty Ltd., a subsidiary of Samuel Son & Co., Limited.
