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The latest news on companies processing and distributing steel products.
Latest News
Metals USA Holdings to Join Russell 3000 Index
23 June 2010 - Metals USA Holdings Corp. is set to join the broad-market Russell 3000® Index when Russell Investments reconstitutes its U.S. and global equity indexes on June 25, according to a preliminary list of additions posted on Russell’s website.
Olympic Steel Bestows Humanitarian Award
22 June 2010 - Olympic Steel, Inc. has chosen Eva Miranda as the 2010 recipient of the Chairman's Humanitarian Award. She was recognized for using her language skills to broaden the reach of local philanthropic initiatives.
Ryerson Initiates CEO Succession Planning
28 May 2010 - Ryerson begins succession planning in anticipation of the retirement of Chief Executive Officer Stephen E. Makarewicz prior to the end of 2012.
Olympic Steel Recognized for Safety Excellence
24 May 2010 - Olympic Steel, Inc. has been recognized for its adherence to excellence in safety by the Fabricators & Manufacturers Associations, International. Its facilities in Cleveland, Chicago, and Detroit received Safety Awards of Honor for perfect safety records with no recordable injuries or illnesses for the reporting period.
Russel Metals Reports Stronger Q1 Net Earnings
14 May 2010 - Russel Metals Inc. announced first-quarter earnings of $17 million or $0.28 per share, compared to net earnings of $0.10 per share, excluding inventory write-downs, in the first quarter of 2009. Reported results for Q1 2009 were a loss of $0.92 per share due to inventory write-downs.
Metals USA Reports 1st Quarter 2010 Results
27 April 2010 - Metals USA reported operating income of $12.7 million on sales revenues of $287.9 million for the three months ended March 31, 2010.
Reliance Reports Q1 Results
26 April 2010 - Reliance Steel & Aluminum Co. reported for the 2010 first quarter ended March 31 net income of $44.7 million, a 122% increase from 2009 first-quarter net income of $20.1 million.
Metals USA to Redeem Senior Floating Rate Toggle Notes
15 April 2010 - Metals USA Holdings announced plans to redeem all of its outstanding Senior Floating Rate Toggle Notes due 2012.
Reliance Steel & Aluminum Names Corporate Vice President - Operations
02 March 2010 - Reliance Steel & Aluminum announces the promotion of Stephen P. Koch to Vice President–Operations, effective April 1, 2010.
Russel Metals Reports 2009 Annual, Fourth-Quarter Results
23 February 2010 - Russel Metals Inc. reported a fourth-quarter loss of $25 million ($0.42 per share), which includes a pre-tax net inventory write-down of $5 million and an asset impairment charge of $35 million. For the year, the company reported a loss of $92 million ($1.54 per share).
Reliance Steel & Aluminum Reports 4th Quarter, Full Year 2009 Results
19 February 2010 - Reliance Steel & Aluminum reported net income of $92.1 million on sales of $1.27 billion for the fourth quarter and net income of $148.2 million on sales of $5.32 billion for the fiscal year ended December 31, 2009.
Metals USA Reports Q4, Year-End Results
03 February 2010 - Metals USA Holdings Corp. reported a fourth quarter net loss of $4.4 million compared to a net loss of $7.0 million in fourth quarter 2008. For the 2009 fiscal year, the company's net income was $3.5 million vs. net income for fiscal 2008 of $72.6 million.
Reliance Steel & Aluminum Provides Year-End Earnings Guidance
21 January 2010 - Reliance Steel & Aluminum provides earnings guidance for the fourth quarter and year ended December 31, 2009.
Olympic Steel Reports 3rd Quarter Results
30 October 2009 - Olympic Steel announces net income of $671,000 on net sales of $121.6 million for the third quarter and a net loss of $58.6 million on net sales of $384.9 million for the nine months ended September 30, 2009.
Reliance Reports Profitable 3rd Quarter, Nine Month Results
23 October 2009 - For the 2009 third quarter, Reliance Steel & Aluminum Co. reports net income of $41.8 million, or $.57 per diluted share. For the 2009 second quarter, Reliance had a net loss of $5.8 million, or $0.08 per diluted share.
Metals USA Reports 3rd Quarter 2009 Results
20 October 2009 - Metals USA Holdings reports a net loss of $1.8 million on sales revenues of $255.4 million for the third quarter and net income of $7.9 million on sales revenues of $853.4 million for the nine months ended September 30, 2009.
Reliance Updates Q3 Outlook, Amends and Extends Credit Facility
30 September 2009 - Reliance Steel & Aluminum is updating its outlook for the third quarter that ended September 30. The company expects earnings for the third quarter to be in the range of $.40 to $.45 per diluted share.
Russel Metals Announces Executive Promotion
18 September 2009 - Russel Metals announces the promotion of John G. Reid to the position of Vice President, US Operations.
Reliance Celebrates 15 Years on the NYSE, 70 Years as a Company
16 September 2009 - Reliance Steel & Aluminum celebrates 15 years as a public company by ringing The Closing Bell® at the New York Stock Exchange.
Reliance Steel & Aluminum Reports July Results
27 August 2009 - Reliance Steel & Aluminum reports sales of $401.9 million for July on 3% lower tons sold per day from June levels.
