Reliance Steel & Aluminum Co. (NYSE: RS), Los Angeles, CA, reported sales for the second quarter were $2.05 billion, up 58 percent from the 2010 second-quarter earnings and up 7 percent over last quarter. Profit of $98.7 million was up 60 percent in a year-over-year comparison and up 7 percent sequentially.

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For the first six months, sales were $3.96 billion, up 29 percent year over year. Profit increased 80 percent to $191 million.

\”Consistent with the first quarter of 2011, our strongest markets were in energy, oil & gas, farm and heavy equipment, mining, general manufacturing, aerospace, semiconductor and electronics,\” CEO David H. Hannah said. \”Non-residential construction was still weak, but showed some signs of life with spotty improvements. Our auto-related toll processing volumes were negatively impacted by the crisis in Japan but are now recovering nicely.\”

Reliance’s tons sold for the 2011 second quarter were up 10 percent from the 2010 second quarter and up 1 percent from the 2011 first quarter. Average prices per ton sold in the 2011 second quarter were up 16 percent compared to the 2010 second quarter and up 6 percent compared to the 2011 first quarter. For the 2011 second quarter, carbon steel sales were 54 percent of net sales; aluminum sales were 16 percent; stainless steel sales were 15 percent; alloy sales were 9 percent; toll processing sales were 2 percent; and other sales were 4 percent.