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    Distributors/Service Centers

    July 28, 2022

    Reliance: Insulated From Steel Price Swings, Targeting M&A

    Written by David Schollaert

    Though steel prices might down from the historic highs of 2021, Reliance Steel and Aluminum sees its diverse product portfolio and end markets as a buffer, executives said during an earnings call with analysts on Thursday, July 28.

    “Our product breadth is so diverse, which is part of the strategy and design,” company president Karla Lewis said. “We have limited exposure to carbon flat rolled, specifically hot-rolled coil, which is where you saw the most price destruction during the quarter.”

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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