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    Distributors/Service Centers

    August 11, 2023

    Russel Metals Posts Solid Q2, Sees Steady Demand Continuing

    Written by Laura Miller

    Russel Metals posted solid second-quarter earnings. The Toronto-based company anticipates a continuation in steady demand for its service centers and steel distributors segments.

    Consistent demand and 3% higher average prices led to steady sales and higher margins in Russel’s metals service centers segment compared to the year-ago quarter. Tons shipped were steady from both the prior and year-ago quarters, the company said.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

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