Ryerson profits hit by lower sales volumes

Aug 08, 2013 | 05:10 PM |

Tags  Ryerson, service center, quarterly earnings, selling prices, shipmets, impairment charge

CHICAGO — A decline in shipments and prices hurt Ryerson Inc.’s bottom line in the second quarter.

The Chicago-based service center chain posted net income of $1.9 million for the three months ended June 30, down 93.8 percent from $30.6 million in the same period last year. Sales slid 16.8 percent to $906.9 million, reflecting a 6.7-percent decline in shipments to 530,000 tons....





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