Service Centers

Ryerson narrows loss in first quarter
Written by Stephanie Ritenbaugh
May 1, 2025
(in millions of dollars except per share)
First quarter ended March 31 | 2025 | 2024 | % Change |
---|---|---|---|
Net sales | $1,135.7 | $1,239.2 | -8.4% |
Net earnings (loss) | $(5.3) | $(7.4) | 28.4% |
Per diluted share | $(0.18) | $(0.22) | 18.2% |
Ryerson Holding Corp. shrank its net loss in the first quarter vs. last year.
The Chicago-based service center reported a first-quarter loss of $5.3 million, an improvement compared to a loss of $7.4 million in Q1’24. Meanwhile, the company generated net sales of $1.14 billion and shipped 500,000 tons, up from 497,000 tons a year ago. Revenue rose to nearly $1.14 billion, up from nearly $1.24 billion last year.
“We realized improved plant productivity benchmarks, excellent working capital management, and cost controls in place and functioning as intended,” said CEO Eddie Lehner. “We also realized market share growth in the quarter whereby strong spot-transactional business offset slow OEM contract business and OEM contract price lag effects.”
“In summary, we’re getting better and positioning the company well for sustaining shareholder value creation even amidst near-term cyclical industry conditions that are uniquely challenging but vitally important to the long-term health of manufacturing in the US and North America,” Lehner continued.
Outlook
For Q2’25, Ryerson expects customer shipments to be between a decrease of 1% to an increase of 1% quarter over-quarter, reflecting tariff-related uncertainty and weaker seasonal volume patterns as customers prioritize destocking. Net sales are projected to range between $1.15 billion and $1.19 billion, with average selling prices increasing 3% to 4%.

Stephanie Ritenbaugh
Read more from Stephanie RitenbaughLatest in Service Centers

Galvanized steel prices slip while demand remains flat: HARDI
Galvanized steel prices dipped to ~$48/hundredweight in August from the $50-59/hundredweight range during the month of July.

Mill Steel relocating Texas facility to Port of Houston
Mill Steel Co. announced it is relocating its Houston operations to a bigger facility at the Port of Houston.

Olympic taps Anza for GM role at Connecticut location
Olympic Steel Inc. has promoted Vincent Anza to the role of general manager for its Milford, Conn., facility.

Friedman Industries’ profits jump in its fiscal Q1
Friedman Industries’ fiscal first-quarter earnings nearly doubled from a year ago.

Russel Metals hits recent revenue high as Q2 shipments surge
Russel Metals posted its strongest quarterly revenue in three years, fueled by higher steel prices, steady demand, and near-record shipments across its service center network.