The 2020 Mid-Year Economic Update_long

Ryerson Sales Up 8.6% in 3Q

Metals service center Ryerson Inc., Chicago, IL, reported sales of $1.5 billion in the third quarter 2006, up 8.6% from the prior-year period. Profit was $21.6 million, compared with $30.7 million last year.


“Market demand remained solid and prices continued to rise, especially in stainless,” said Neil S. Novich, chairman, president, and CEO of Ryerson. “Our price administration in the quarter was good, as we successfully passed through rising metals costs. … However, inventory management was unsatisfactory and our level is too high relative to market demand.”


Sequentially, tons shipped declined 4.8% on a per-day basis, largely reflecting normal seasonal slowness, while the average selling price per ton increased 8.7% from the second quarter of 2006. Year-over-year, tons shipped declined 5.4% on a per-day basis, while the average selling price per ton increased 16.6%.


“During the fourth quarter, we expect typical seasonal slowness to be exacerbated by high inventories throughout the supply chain,” Novich said. “Although we see some softness in certain markets, we remain optimistic going into 2007, with an expectation that the economy will continue to expand at a moderate pace.”


Ryerson Inc. is a distributor and processor of metals in North America, with 2005 revenues of $5.8 billion. The company services customers through a network of service centers across the United States and in Canada, Mexico, China and India.

Related Links:
Ryerson Acquires Lancaster Steel
Ryerson 1Q Sales Down 6% to $1.4B
Metals Distribution Consolidates

More Breaking News

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.