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    Market Segment

    July 31, 2023

    Ryerson Q2 Earnings Dip, Demand Seen Weakening

    Written by Ethan Bernard

    Ryerson

    Second quarter ended June 3020232022% Change
    Revenue$1,344$1,744-23%
    Net income (loss)$38$196-81%
    Per diluted share$1.06$5.10-79%
    Six months ended June 30
    Revenue$2,750$3,492-21%
    Net income (loss)$85$360-76%
    Per diluted share$2.33$9.26-75%
    (in thousands of dollars except per share)

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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