Reliance Steel & Aluminum Co. (NYSE: RS), Los Angeles, CA, reported sales for the third quarter of $2.3 billion, down 15.5 percent compared to the prior year quarter. Profit for the quarter fell 46.2 percent to $51.4 million.
Sales for the first nine months were $7.3 billion, down 7 percent year-over-year. Profit decreased 13 percent to $242.9 million.
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