Russel earnings inch higher on healthy industry recovery

May 04, 2012 | 03:33 PM | Anne Riley

Tags  Russel Metals, service center, steel distributor, Brian Hedges

NEW YORK — Canadian distributor and processor Russel Metals Inc. reported another profitable quarter in the first three months of the year as demand in the North American industrial sector continued to improve.

"Operating profit for the first quarter in our metals service center segment was generated by strong demand levels, unlike the comparable first quarter of 2011, which experienced inventory holding gains," president and chief executive officer Brian Hedges....

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