• Skip to main content

    Distributors/Service Centers

    Ryerson swung to loss in '24, but saw fortunes improve over the last month

    Written by Ethan Bernard


    Ryerson Holding Corp.

    Fourth quarter ended Dec. 3120242023% Change
    Net sales$1,007.4$1,112.4-9.4%
    Net earnings (loss)$(4.3)$25.8-116.6%
    Per diluted share$(0.13)$0.74-117.6%
    Twelve months ended Dec. 31
    Net sales$4,598.7$5,108.7-10.0%
    Net earnings (loss)$(8.6)$145.7-105.9%
    Per diluted share$(0.26)$4.10-106.3%
    (in millions of dollars except per share)

    Ethan Bernard

    Read more from Ethan Bernard

    Latest in Distributors/Service Centers

    Galvanized buyers report severe supply strain

    Service centers and manufacturers on the Sept. 15 HARDI Sheet Metal and Air Handling Council call described a tight, seller-driven market. Lead times are long, deliveries are late, inventories are thin, imports are down, and demand is strong, causing a shortage of galvanized material. SMU regularly joins the council’s meetings to discuss the galvanized sheet market. Participants — members of Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) — are wholesalers, service centers, distributors, and manufacturers who buy or sell galvanized steel.