Ryerson Holding Corp., a value-added processor and distributor of industrial metals, sees improved demand and sequential growth for the third quarter in the construction equipment, food processing and agricultural industries and year-over-year growth in nearly all of its end markets. In its third-quarter guidance, Ryerson noted U.S. service center volumes have increased by more than […]
Kloeckner Metals Corp. announced the appointment of a new chief executive officer and chief operating officer on Thursday. Beginning Jan. 1, John Ganem will serve as CEO and Bart Clifford as COO. Ganem will succeed Bill Partalis who will retire at the end of this year. Partalis is a 34-year veteran at Kloeckner and served […]
Tomorrow, Monday, Aug. 28, the steel event of the year will kick off in Atlanta. With over 650 steel and manufacturing executives registered, expectations are for this conference to truly be the most dynamic steel conference in North America for 2017. Welcome to the Steel Market Update Steel Summit Conference. This is what the fuss […]
One of the reasons why the SMU Steel Summit Conference is successful and growing at a time when most conferences are not is due to the options we are given through the support of our sponsors and exhibitors. The cost to put on a three-day conference is truly staggering. Nonetheless, one of our goals has […]
Ryerson Holding Corp. turned in a strong performance in Q2 despite conflicting business and industry conditions, said President and CEO Eddie Lehner. Margins took a hit as steel import levels rose and nickel and carbon hot rolled prices moved lower. “Ryerson saw some mix-shift impact to margins,” said Lehner, “as sheet and stainless related demand […]
On Monday, August 28, the steel event of the year will kick off in Atlanta. With less than four weeks to go and 575 steel and manufacturing executives already registered, expectations are for this conference to truly be the most dynamic steel conference in North America for 2017. Welcome to the Steel Market Update Steel […]
On Monday, Aug. 28, the steel event of the year will kick off in Atlanta. With four weeks to go and 560 steel and manufacturing executives already registered, expectations are for this conference to truly be the most dynamic steel conference in North America for 2017. Welcome to the 7th Steel Market Update (SMU) Steel […]
This is my gut feeling, my opinion based on what I have been reading and watching in the news like everyone else. The world is trying to figure out if President Trump is going to start a trade war and the first bullets are made with flat rolled steel, pipe and long products. I am […]
Ryerson Holding Corp., a processor and distributor of industrial metals, said end-market shipments to most sectors improved in the second quarter, particularly in commercial ground transportation and HVAC industries. Shipments also increased to the oil and gas sector, while a quarterly year-over-year decline was seen in industrial machinery and equipment, consumer durables, and food processing […]
Ryerson Holding Corporation, a distributor and value-added processor of industrial metals, reported net income of $14.8 million in first quarter 2017 on revenue of $814.5 million. Increased shipment volume combined with higher selling prices led to strong results for the quarter. Total tons shipped were 497,000 compared to 440,000 tons in first quarter and 478,000 […]
I have received a number of comments on the LinkedIn posts that I have put out there over the weekend. I shared our “Black Swan” article on my personal LinkedIn account as well as our Steel Market Update LinkedIn group account. I also received a question about the “average margin for a service center” that […]
Ryerson Holdings saw a challenging year in 2016 with demand contracting but pricing improving. CEO Edward Lehner noted, “Carbon steel prices recovered from decade lows at the end of 2015, peaked in June of 2016, and deflated again in October of 2016 before starting in upward trajectory that has continued into the first quarter of […]
We are five and a half months (5.5) or 166 days away from the opening of our 7th SMU Steel Summit Conference in Atlanta, Georgia. We went over 100 registrations today and we expect 500+ registrations when we get into the month of August. There are four companies that we know of that will be […]
Scrap, scrap, scrap, scrap and scrap…that is what everyone is going to be talking about for the next week to ten days. David Feldstein in tonight’s HRC Futures article suggested prime grades could go higher in March by as much as $80 per gross ton. I have read articles that suggest the numbers could be […]
The Association of Women in the Metal Industries has elected a new President and Vice-President for 2017-2018. The election was held during the Association’s 2016 Annual Conference held in Florida in November. The positions are for a term of two years. The following roles were announced in a press release from AWMI. Carol Chizmar has […]
Inventories, and whether they are too tight right now, have been a topic of discussion lately. Eddie Lehner, CEO of Ryerson Holdings commented on this during the Ryerson earnings call last week. In his prepared remarks Lehner said, “Notwithstanding, the decline of CRU carbon sheet prices from a peak late in the second quarter of […]
Ryerson Holding Co., a processor and distributor of metals in the U.S., Canada, Mexico and China, reported net income of $8.2 million for third quarter. Sales for the quarter totaled $735.1 million, essentially unchanged from second quarter. Shipments fell 5.0 percent sequentially and 2.4 percent year-over-year to 480,000 tons. The lower volume was partially offset […]
Ryerson Holding Corp., a leading distributor and processor of metals, provided guidance for its third quarter ending September 30, 2016. The Company expects third quarter 2016 net income in the range of $8 million to $12 million and adjusted EBITDA, excluding LIFO in the range of $46 million to $50 million. In Q3 2015, Ryerson […]
I got a note from Eddie Lehner, the CEO of Ryerson who attended our Steel Summit Conference for the first time this year. He dropped me a note today about our conference, “The SMU Conference is flat out worth attending. An unusual combination of candor, depth and subject matter relevance throughout the steel value chain […]
Ryerson Holding Corp, a leading metals distributor and processor, reported net income of $5.6 million for second quarter 2016. Sales of $739.8 million declined 12 percent year over year due to lower average selling price, but increased 5.3 percent from Q1. Tons shipped increased 3.5 percent. Ryerson expects manufacturing growth to remain slow in the […]
To everyone who was in New York City for the Steel Success Strategies conference or other meetings surrounding the conference, welcome home. I was quite pleased to hear that our Steel Summit Conference was being discussed in the halls and streets of New York. If everyone who told me they (or their company) were coming […]
Ryerson Holding Corporation reported net income of $13.5 million for the first quarter of 2016, compared to a loss of $2.5 million for the first quarter of 2015. Revenues were $702.6 million for the first quarter of 2016, down 19.1 percent from the year-ago period due to a 19.4 percent decline in the average selling […]
Ryerson CEO Eddie Lehner called 2015 “one of the harshest and most difficult metal environments we have seen in terms of magnitude and duration.” Ryerson Holding, a service center company, announced fourth quarter and full year results on Thursday. The company posted a net loss of $20.5 million for the quarter. Revenue was down 23 […]
Ryerson Holding Corp, a distributor and processor of metals, reported revenue of $790 million in third quarter, down 6 percent from second quarter and down 16.7 percent from Q3 2014. Net income was $6.7 million compared to income of $15.8 million in Q2 and a net loss of $34.7 million in Q3 2014 which included […]
Ryerson Holding Company, a processor and distributor of metals, announced the appointment of Edward J. Lehner as President and Chief Executive Officer. Lehner will succeed Michael C. Arnold who will retire at the end of May. Lehner has served as executive vice president and chief financial officer for Ryerson since 2012. Prior to joining Ryerson, […]
Ryerson Holding Company, a leading distributor and processor of metals, announced a net loss of $25.7 million for 2014. Revenues increased 4.7 percent last year to $3.6 billion, but $32.7 million in IPO-related expenses and costs associated with partial redemption of Senior Notes negatively impacted earnings. “We showed year-over-year improvement in our key metrics for […]
Metal Center News published their top 50 service centers based on volume with Reliance Steel & Aluminum taking top honors once again by a wide margin. Reliance 2013 revenues were $9.22 billion up from 2012 revenues of $8.44 billion. The next five service centers are closely bunched with revenues of at least $3.0 billion but […]