Developer docs
API playgroundTry for free, no card

Search company profiles

Reliance Steel & Aluminum Co.

Full company profile

uuid00vijhu

Namestring
Reliance Steel & Aluminum Co.
Legal namestring
Reliance, Inc.
Websiteurl
rsac.com
Company typeenum
Public
Founded yearint
1939
Descriptiontext

Reliance, Inc. (formerly Reliance Steel & Aluminum Co.) is the largest metals service center company in the United States, operating a national network of over 75 wholly-owned subsidiary brands that collectively distribute and process carbon steel, alloy steel, stainless steel, aluminum, and specialty metals. Founded in 1939 and headquartered in Scottsdale, Arizona, the company serves industrial customers across aerospace, energy, construction, and general manufacturing end-markets through both core operating subsidiaries (Reliance Metalcenter, Reliance Steel Company, Reliance Aerospace Solutions) and a long tail of acquired, brand-retained service centers such as Earle M. Jorgensen Company, Metals USA, AMI Metals, Phoenix Metals, and Service Steel Aerospace Corp. Each subsidiary operates with commercial independence while sharing best practices, purchasing scale, and back-office functions across the portfolio.

The company's underlying technology is fundamentally physical: metal processing and distribution services spanning cutting, flamecutting, precision strip processing, tube and pipe supply, and custom fabrication delivered through nationwide service-center locations. No proprietary software platform, API, or AI-enabled product is disclosed in the source material. Value-added processing capability is the principal technical differentiator versus pure commodity resellers, with specialty units such as NU-TECH Precision Metals, Precision Flamecutting and Steel, and Precision Strip handling engineered applications for higher-margin aerospace and industrial customers.

Reliance generates revenue on a transaction-by-transaction, quote-based pricing model, selling metals and processing services to industrial buyers; specific contract structures and price levels are not publicly disclosed. The go-to-market motion is direct enterprise sales through the family of regional service-center brands, supported by LinkedIn, Facebook, and the corporate website for brand awareness and investor communications. The company is publicly traded on the NYSE under ticker RS (legal name Reliance, Inc.) with no parent company, and rebranded from Reliance Steel & Aluminum Co. in 2024 to reflect its evolution beyond steel and aluminum distribution into a broader diversified metal solutions provider.

Short descriptiontext

Reliance, Inc. is the largest US metals service center company, operating over 75 wholly-owned subsidiary brands that distribute and process carbon, alloy, stainless, aluminum, and specialty metals for industrial customers across aerospace, energy, construction, and manufacturing end-markets. The company is publicly traded on NYSE under ticker RS.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersScottsdale, United States
HQ citystring
Scottsdale
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
metal distribution services, steel service centers, aluminum products distribution, specialty metals processing, metal fabrication services
Industry1 code
1Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar)
CodeIMAKAJABPrimaryYes
SIC code1 code
  • Wholesale-Metals Service Centers & Offices5051
Product category
Metal Distribution & Processing
Social media profiles2 records
Revenue model1 record
1Metal Product Sales
TypeTransaction Fee
Description

Revenue generated from the sale of metal products (steel, aluminum, and specialty metals) through the company's network of over 75 distinct brand companies operating as metals service centers.

reliance.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Reliance, Inc. (formerly Reliance Steel & Aluminum Co.) is a diversified metal solutions provider and the largest metals service center company in the United States. The company distributes and processes carbon steel, alloy steel, stainless steel, aluminum, and specialty metals through a network of over 75 distinct subsidiary brands operating as metals service centers. It provides value-added processing, fabrication, custom cutting, just-in-time delivery, and inventory management services to industrial customers across aerospace, energy, construction, and general manufacturing end markets.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Reliance, Inc. (formerly Reliance Steel & Aluminum Co.) is a diversified metal solutions provider and the largest metals service center company in the United States. The company operates as a unified portfolio of over 75 distinct subsidiary brands, each operating independently while sharing information, best practices, and continuous improvement initiatives. The product portfolio consists of metal service centers and processing facilities organized under subsidiary brands including Admiral Metals, American Alloy Steel, AMI Metals, Chapman Steel, Earle M. Jorgensen Company, Metals USA, Pacific Metal Company, Phoenix Metals, Precision Strip, Reliance Aerospace Solutions, Service Steel Aerospace, and many others. These subsidiaries collectively provide metal distribution, processing, and fabrication services across carbon steel, alloy steel, stainless steel, aluminum, and specialty metals for diverse end markets including aerospace, energy, construction, and industrial manufacturing. The company is listed on the NYSE under the symbol RS.

Product and service16 records
1Reliance Metalcenter
CategoryMetals Service Center
2Reliance Steel Company
CategorySteel Distribution & Processing
3Reliance Aerospace Solutions
CategoryAerospace Metal Solutions
4Service Steel Aerospace Corp.
CategoryAerospace Metal Solutions
5AMI Metals, Inc.
CategoryMetals Service Center
6Earle M. Jorgensen Company
CategoryMetals Service Center
7Metals USA, Inc.
CategoryMetals Service Center
8National Specialty Alloys, Inc.
CategorySpecialty Alloys Distribution
9Continental Alloys & Services, Inc.
CategorySpecialty Alloys Distribution
10Precision Strip, Inc.
CategoryMetal Processing Services
11Precision Flamecutting and Steel, Inc.
CategoryMetal Processing Services
12NU-TECH Precision Metals Inc.
CategoryMetal Processing Services
13DuBose National Energy Services, Inc.
CategoryEnergy Sector Metal Solutions
14The Infra Group
CategoryInfrastructure Metal Solutions
15Tube Service Co.
CategoryTube and Pipe Distribution
16Metal Processing & Fabrication Services
CategoryMetal Processing & Fabrication
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Klockner & Co is one of the largest independent steel and metal distributors globally, with a broad multi-country footprint that overlaps with Reliance's service center model at a larger international scale.

TypeDirect peer
Description

Worthington Steel is a US metals processor specializing in flat-rolled steel processing and pressure cylinder products, directly comparable to Reliance's steel processing subsidiaries.

TypeDirect peer
Description

Samuel is a privately held North American metals service center and processor offering steel, aluminum, and specialty metal distribution, directly comparable to Reliance's brand portfolio.

TypeBroad incumbent
Description

ThyssenKrupp Materials Services is a major global metals service center and distribution business, comparable to Reliance in offering steel, aluminum, and specialty metal distribution but operating at a much larger international scale.

TypeDirect peer
Description

Ryerson is a publicly traded metals service center and processor in North America, directly comparable to Reliance in offering steel, aluminum, and specialty metal distribution with value-added processing for industrial customers.

TypeEmerging player
Description

Steel Technologies, now part of Nucor, operates flat-rolled steel processing and service centers across North America, comparable to Reliance's flat-rolled processing subsidiaries like Precision Strip.

TypeBroad incumbent
Description

Nucor is the largest US steel producer that has expanded downstream into sheet steel processing and direct customer relationships, representing both a key supplier to Reliance and a vertically integrating competitor.

TypeDirect peer
Description

Russel Metals is a Canadian metals service center and distributor operating across North America, with comparable metal distribution, processing, and energy tubular products businesses overlapping with Reliance's portfolio.

TypeEmerging player
Description

Schnitzer Steel operates a metals recycling and finished steel products business, partially overlapping with Reliance's secondary metals exposure through recycled feedstock supply and steel product distribution.

TypeDirect peer
Description

Olympic Steel is a US metals service center operating processing and distribution facilities for carbon, stainless, and aluminum flat-rolled products, directly competing with Reliance's network of service centers.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries46 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Reliance Steel & Aluminum Co.

Metal Distribution & Processingrsac.com

Reliance, Inc. is the largest US metals service center company, operating over 75 wholly-owned subsidiary brands that distribute and process carbon, alloy, stainless, aluminum, and specialty metals for industrial customers across aerospace, energy, construction, and manufacturing end-markets. The company is publicly traded on NYSE under ticker RS.

What Reliance Steel & Aluminum Co. does

Reliance, Inc. (formerly Reliance Steel & Aluminum Co.) is the largest metals service center company in the United States, operating a national network of over 75 wholly-owned subsidiary brands that collectively distribute and process carbon steel, alloy steel, stainless steel, aluminum, and specialty metals. Founded in 1939 and headquartered in Scottsdale, Arizona, the company serves industrial customers across aerospace, energy, construction, and general manufacturing end-markets through both core operating subsidiaries (Reliance Metalcenter, Reliance Steel Company, Reliance Aerospace Solutions) and a long tail of acquired, brand-retained service centers such as Earle M. Jorgensen Company, Metals USA, AMI Metals, Phoenix Metals, and Service Steel Aerospace Corp. Each subsidiary operates with commercial independence while sharing best practices, purchasing scale, and back-office functions across the portfolio.

The company's underlying technology is fundamentally physical: metal processing and distribution services spanning cutting, flamecutting, precision strip processing, tube and pipe supply, and custom fabrication delivered through nationwide service-center locations. No proprietary software platform, API, or AI-enabled product is disclosed in the source material. Value-added processing capability is the principal technical differentiator versus pure commodity resellers, with specialty units such as NU-TECH Precision Metals, Precision Flamecutting and Steel, and Precision Strip handling engineered applications for higher-margin aerospace and industrial customers.

Reliance generates revenue on a transaction-by-transaction, quote-based pricing model, selling metals and processing services to industrial buyers; specific contract structures and price levels are not publicly disclosed. The go-to-market motion is direct enterprise sales through the family of regional service-center brands, supported by LinkedIn, Facebook, and the corporate website for brand awareness and investor communications. The company is publicly traded on the NYSE under ticker RS (legal name Reliance, Inc.) with no parent company, and rebranded from Reliance Steel & Aluminum Co. in 2024 to reflect its evolution beyond steel and aluminum distribution into a broader diversified metal solutions provider.

Reliance Steel & Aluminum Co. firmographics

Firmographics
Name
Reliance Steel & Aluminum Co.
Legal name
Reliance, Inc.
Website
https://rsac.com
Company type
Public
Founded year
1939
Operating status
Operating
Short description
Reliance, Inc. is the largest US metals service center company, operating over 75 wholly-owned subsidiary brands that distribute and process carbon, alloy, stainless, aluminum, and specialty metals for industrial customers across aerospace, energy, construction, and manufacturing end-markets. The company is publicly traded on NYSE under ticker RS.
Ownership category
akta.pro rank

Reliance Steel & Aluminum Co. industry classification

Industry
Product category
Metal Distribution & Processing
SIC
Wholesale-Metals Service Centers & Offices (5051)
akta.pro primary industry
Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB)

Keywords

  • Metal distribution services
  • Steel service centers
  • Aluminum products distribution
  • Specialty metals processing
  • Metal fabrication services

Where Reliance Steel & Aluminum Co. is headquartered

Location

Headquarters

HQ city
Scottsdale
HQ country
United States
HQ region
North America

Markets served

Reliance Steel & Aluminum Co. business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

  1. Metal Product Sales: Revenue generated from the sale of metal products (steel, aluminum, and specialty metals) through the company's network of over 75 distinct brand companies operating as metals service centers.

Distribution channels1 record

Marketing channels3 records

Reliance Steel & Aluminum Co. product offering

Product offering

Core offering

Reliance, Inc. (formerly Reliance Steel & Aluminum Co.) is a diversified metal solutions provider and the largest metals service center company in the United States. The company distributes and processes carbon steel, alloy steel, stainless steel, aluminum, and specialty metals through a network of over 75 distinct subsidiary brands operating as metals service centers. It provides value-added processing, fabrication, custom cutting, just-in-time delivery, and inventory management services to industrial customers across aerospace, energy, construction, and general manufacturing end markets.

Product overview

Reliance, Inc. (formerly Reliance Steel & Aluminum Co.) is a diversified metal solutions provider and the largest metals service center company in the United States. The company operates as a unified portfolio of over 75 distinct subsidiary brands, each operating independently while sharing information, best practices, and continuous improvement initiatives. The product portfolio consists of metal service centers and processing facilities organized under subsidiary brands including Admiral Metals, American Alloy Steel, AMI Metals, Chapman Steel, Earle M. Jorgensen Company, Metals USA, Pacific Metal Company, Phoenix Metals, Precision Strip, Reliance Aerospace Solutions, Service Steel Aerospace, and many others. These subsidiaries collectively provide metal distribution, processing, and fabrication services across carbon steel, alloy steel, stainless steel, aluminum, and specialty metals for diverse end markets including aerospace, energy, construction, and industrial manufacturing. The company is listed on the NYSE under the symbol RS.

Differentiator

Problem solved

Functional benefit

Products and services

  • Reliance Metalcenter
  • Reliance Steel Company
  • Reliance Aerospace Solutions
  • Service Steel Aerospace Corp.
  • AMI Metals, Inc.
  • Earle M. Jorgensen Company
  • Metals USA, Inc.
  • National Specialty Alloys, Inc.
  • Continental Alloys & Services, Inc.
  • Precision Strip, Inc.
  • Precision Flamecutting and Steel, Inc.
  • NU-TECH Precision Metals Inc.
  • DuBose National Energy Services, Inc.
  • The Infra Group
  • Tube Service Co.
  • Metal Processing & Fabrication Services

Companies that use Reliance Steel & Aluminum Co.

Customer profile

Ideal customer profiles4 records

Reliance Steel & Aluminum Co. technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Reliance Steel & Aluminum Co. partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Reliance Steel & Aluminum Co. competitors and assessment

Company assessment

Broad incumbents

  • Klockner & Co: Klockner & Co is one of the largest independent steel and metal distributors globally, with a broad multi-country footprint that overlaps with Reliance's service center model at a larger international scale.
  • ThyssenKrupp Materials Services: ThyssenKrupp Materials Services is a major global metals service center and distribution business, comparable to Reliance in offering steel, aluminum, and specialty metal distribution but operating at a much larger international scale.
  • Nucor Corporation: Nucor is the largest US steel producer that has expanded downstream into sheet steel processing and direct customer relationships, representing both a key supplier to Reliance and a vertically integrating competitor.

Direct peers

  • Worthington Steel: Worthington Steel is a US metals processor specializing in flat-rolled steel processing and pressure cylinder products, directly comparable to Reliance's steel processing subsidiaries.
  • Samuel, Son & Co. Samuel is a privately held North American metals service center and processor offering steel, aluminum, and specialty metal distribution, directly comparable to Reliance's brand portfolio.
  • Ryerson Holding Corporation: Ryerson is a publicly traded metals service center and processor in North America, directly comparable to Reliance in offering steel, aluminum, and specialty metal distribution with value-added processing for industrial customers.
  • Russel Metals: Russel Metals is a Canadian metals service center and distributor operating across North America, with comparable metal distribution, processing, and energy tubular products businesses overlapping with Reliance's portfolio.
  • Olympic Steel: Olympic Steel is a US metals service center operating processing and distribution facilities for carbon, stainless, and aluminum flat-rolled products, directly competing with Reliance's network of service centers.

Emerging players

  • Steel Technologies (Nucor): Steel Technologies, now part of Nucor, operates flat-rolled steel processing and service centers across North America, comparable to Reliance's flat-rolled processing subsidiaries like Precision Strip.
  • Schnitzer Steel Industries: Schnitzer Steel operates a metals recycling and finished steel products business, partially overlapping with Reliance's secondary metals exposure through recycled feedstock supply and steel product distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Reliance Steel & Aluminum Co. social profiles

Digital presence

Reliance Steel & Aluminum Co. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Reliance Steel & Aluminum Co. leadership team

Management profile

Number of profiles

Profiles1 record

Reliance Steel & Aluminum Co. subsidiaries and ownership

Company hierarchy

Subsidiaries46 records

Reliance Steel & Aluminum Co. funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Reliance Steel & Aluminum Co. M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reliance Steel & Aluminum Co.

What does Reliance Steel & Aluminum Co. do?

Reliance, Inc. (formerly Reliance Steel & Aluminum Co.) is a diversified metal solutions provider and the largest metals service center company in the United States. The company distributes and processes carbon steel, alloy steel, stainless steel, aluminum, and specialty metals through a network of over 75 distinct subsidiary brands operating as metals service centers. It provides value-added processing, fabrication, custom cutting, just-in-time delivery, and inventory management services to industrial customers across aerospace, energy, construction, and general manufacturing end markets.

Is Reliance Steel & Aluminum Co. a public or private company?

Reliance Steel & Aluminum Co. is a public company. It is classified as public and is currently operating.

When was Reliance Steel & Aluminum Co. founded?

Reliance Steel & Aluminum Co. was founded in 1939.

Where is Reliance Steel & Aluminum Co. based?

Reliance Steel & Aluminum Co. is headquartered in Scottsdale, United States, in the North America region.

How does Reliance Steel & Aluminum Co. make money?

One revenue line is on record: metal Product Sales.

Who are Reliance Steel & Aluminum Co.'s main competitors?

Broad incumbents on record are Klockner & Co, ThyssenKrupp Materials Services and Nucor Corporation. Direct peers are Worthington Steel, Samuel, Son & Co., Ryerson Holding Corporation, Russel Metals and Olympic Steel. Emerging players are Steel Technologies (Nucor) and Schnitzer Steel Industries.

Does Reliance Steel & Aluminum Co. have an API?

No public API is recorded for Reliance Steel & Aluminum Co..

What industry is Reliance Steel & Aluminum Co. in?

Reliance Steel & Aluminum Co.'s product category is Metal Distribution & Processing. Its primary akta.pro industry code is IMAKAJAB, Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar). Its SIC code is 5051.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
AInvestReliance Steel's Earnings Are Record-Breaking. Its Free Cash Flow Is Not.Reliance Steel reported record Q2 2026 revenue of $4.63 billion and non-GAAP EPS of $6.27, up 42% year over year. Trailing twelve-month free cash flow fell 35% to $540 million, down from $852 million in operating cash flow. Management guided Q3 EPS to $6.40–$6.60, with working capital expected to ease if metal prices stabilize.AInvestReliance mulls foray into aluminium industry: MintReliance Steel & Aluminum Co. is considering a strategic expansion into the aluminum industry, building on its position as a diversified metal solutions provider. The company reported record first-quarter tons sold in 2026, with a 15% revenue increase from higher shipments and disciplined pricing, and recently acquired two government contracts totaling $3 billion. It expects onshoring and equipment manufacturing to boost aluminum demand, while Section 232 tariffs and rising LIFO expenses remain risks.Ticker ReportReliance (NYSE:RS) Rating Increased to Strong-Buy at Wall Street ZenWall Street Zen upgraded shares of Reliance Steel & Aluminum to a strong-buy rating, joining other firms like Zacks Research that have recently issued positive ratings. The company recently reported quarterly earnings that beat analyst estimates, with revenue increasing 26.5% year-over-year and a new dividend declaration. Institutional investors have shown increased interest in the stock, with several funds acquiring or growing their positions in the fourth quarter.American Banking and Market NewsReliance, Inc. (NYSE:RS) Receives Average Rating of “Hold” from BrokeragesReliance Steel & Aluminum Co. received a consensus "Hold" rating from nine covering analysts, with an average twelve-month price target of $378.67 following various recent adjustments by firms like BMO Capital Markets and KeyCorp. The company recently reported strong quarterly earnings that beat analyst estimates on both EPS and revenue, alongside an upcoming dividend payment of $1.25 per share. Institutional investors including BlackRock Inc. and State Street Corp. have significantly increased their stakes in the industrial products company during recent quarters.Markets DailyReliance (NYSE:RS) Cut to Buy at Wall Street ZenWall Street Zen downgraded Reliance Steel & Aluminum from a strong-buy to a buy rating, joining other recent analyst actions that include Citigroup reaffirming a neutral rating and Bank of America lowering its rating to underperform. The company recently reported strong quarterly earnings with $6.27 EPS beating estimates by $0.80 and raised its Q3 2026 guidance to between $6.40 and $6.60 per share.FinanzNachrichten.deHot Stocks KW 32 / 2026: Warum der Sektor Basic Materials (Grundstoffe) aktuell so stark performtThe Basic Materials sector is experiencing a strong rally driven by robust global demand from megatrend infrastructure projects (energy transition, AI data centers), structural supply constraints, and geopolitical tensions that have boosted pricing power for regional producers. Five stocks are highlighted as outperformers: FreeportMcMoRan (copper producer benefiting from the Grasberg mine ramp-up in Indonesia), Reliance Steel & Aluminium (US metal service center with strong margins), NewMarket (specialty chemicals with new capacity launches), Nucor (largest US steel producer gaining from import tariffs), and BASF (German chemicals giant showing operational recovery).KrobosteelTop 10 Alloy Sheet Manufacturers in the USAA promotional listicle profiles ten US-based alloy sheet manufacturers, including Alcoa, Kaiser Aluminum, Arconic, Nucor, ATI, Novelis, Aleris, Constellium and Reliance Steel & Aluminum. Krobo Steel, a Chinese carbon steel producer, is listed fourth and singled out in the conclusion as the standout. No production volumes, pricing, or financial data are disclosed.BenzingaReliance Steel & Aluminum Posts Upbeat Earnings, Joins JFrog, AppLovin, Shake Shack And Other Big StocksReliance Steel & Aluminum reported fourth-quarter earnings of $4.73 per share, beating market estimates, and issued above-consensus first-quarter guidance for FY24. The company's shares rose sharply in trading as it joined a broader list of major stocks, including JFrog and AppLovin, that posted strong quarterly results.TipranksReliance Steel acquires Southern Steel SupplyReliance Steel has acquired all outstanding equity interests of Southern Steel Supply, a metals service center based in Memphis, Tennessee. The transaction includes the acquisition of related real estate assets, with Southern Steel operating as a subsidiary of Reliance's Siskin Steel while maintaining its current management team. For the twelve months ended December 31, 2022, Southern Steel reported annual net sales of $62.9 million.Steel Market UpdateReliance Buys Southern Steel SupplyReliance Steel & Aluminum Co. has acquired Southern Steel Supply Co., marking its first acquisition of 2023 and expanding its service center network in the Southeastern United States. The transaction adds a company with $62.9 million in 2022 sales to Reliance's portfolio, allowing it to operate as a subsidiary under Siskin Steel & Supply Co. while retaining its current management team. This move aligns with Reliance's strategy to invest heavily in growth projects, supported by a record $500 million capital expenditure budget for the year.