The Latest Breaking News from RS

Reliance Steel & Aluminum Co (NYSE:RS) reported fourth-quarter sales growth of 86.9% year-over-year to $3.99 billion, beating the consensus of $3.83 billion. The gross margin contracted by 180 bps to 31.2%, and on an adjusted basis, declined by 140 bps to 31.5%. The operating income increased to $562.2 million from $183.4 million a…

The European Union should consider sanctions on Bosnia's autonomous Serb Republic (RS) and also withhold financial support if the Balkan country's crisis continues to worsen, according to an internal EU document seen by Reuters.

Steel companies benefited from sky-high steel prices in 2021. And although analysts expect steel prices to take a downward trajectory this year, they are expected to remain reasonably high. Furthermore, the industry is expected to witness robust demand on anticipated strong manufacturing activity. Thus, it could be wise to scoop…

SET-listed RS Plc plans to allocate between 1-2 billion baht for new merger and acquisition (M&A) deals this year to create opportunities for growth and expand the ecosystem for the group.