Reliance Steel & Aluminum traded at $351.68 this Friday April 24th, increasing $7.13 or 2.07 percent since the previous trading session. Looking back, over the last four weeks, Reliance Steel & Aluminum gained 17.62 percent. Over the last 12 months, its price rose by 23.72 percent. Looking ahead, we forecast Reliance Steel & Aluminum to be priced at 318.38 by the end of this quarter and at 297.82 in one year, according to Trading Economics global macro models projections and analysts expectations.
Reliance Steel & Aluminum Co. (Reliance) is a metals service center company. The Company operates as a metal solutions provider. It provides value-added metals processing services and distributes approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. It serves various industries, including manufacturing, non-residential construction, transportation (rail, truck trailer and shipbuilding), aerospace and defense, energy (oil and natural gas), electronics and semiconductor fabrication, and heavy industry (agricultural, construction and mining equipment). The Company also serves the auto industry, through its toll processing operations. It provides a network of approximately 300 locations in 40 states in the United States and 13 other countries, including Australia, Belgium, Canada, China, France, India, Malaysia, Mexico, Singapore, South Korea, Turkey, United Arab Emirates and United Kingdom.