Reliance outlook bullish despite lower profit

Feb 20, 2014 | 11:23 AM | Michael Cowden

Tags  Reliance Steel & Aluminum, David H. Hannah, earnings report, service center, Kaiser Aluminum, Michael Cowden

CHICAGO — Reliance Steel & Aluminum Co.’s net income slid 20.3 percent last year as higher sales volumes could not make up for lower prices, particularly in the fourth quarter. But the Los Angeles-based service center, the largest in North America, thinks metal pricing and demand this year should benefit from a steadily improving U.S. economy, according to commentary released with earnings....

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