Steel Mills
Ryerson Expecting Strong Q1 and First Half
Written by Sandy Williams
April 4, 2018
Ryerson Holding Co., a processor and distributor of industrial metals, said in earnings guidance on Wednesday that tons sold and average selling prices are expected to be higher in the first quarter. Sales revenue is anticipated in the range of $930-$950 million compared to $811 million in the fourth quarter and $815 million in Q1 2017.
Nearly all of the company’s end-markets experienced year-over-year growth, most notably in commercial ground transportation, HVAC, and oil and gas. Shipments are up due to stronger industrial demand.
Demand and pricing is expected to remain strong in the first half of 2018, aided by tighter supply due to lower import levels.
Sandy Williams
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