Reliance outlook bullish despite lower profit
Feb 20, 2014 | 11:23 AM
| 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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