Reliance investment focus stays on N. America

Oct 28, 2013 | 01:08 PM | Corinna Petry

Tags  Reliance Steel & Aluminum, David H. Hannah, Metals USA Holdings, Continental Alloys, Feralloy, Acero Prime, U.S. Steel, Mitsui & Co. oil and gas

CHICAGO — Reliance Steel & Aluminum Co. will continue to spend the majority of its investment dollars in North America, according to chairman and chief executive officer David H. Hannah.

"What we found is that going to a foreign country is expensive. The risk levels are higher and returns are lower than we would get here, especially in the U.S. As long as there are growth opportunities in North America, we will focus on that," he told AMM.....

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