Reliance Steel says overall customer sentiment, demand 'substantially improving'
"Looking ahead, while uncertainty still exists in the market, overall customer sentiment and demand have been substantially improving and we anticipate that an ongoing reduction in imports will continue to support higher metal pricing. We believe these factors, as well as the potential for meaningful infrastructure spending, would increase metal demand and pricing, which we expect will enhance our profitability and strong cash flows. Over the past five years, we have invested $2.26 billion to further our growth through capital expenditures and acquisitions and returned over $1.00 billion to our shareholders through dividends and share repurchases. We look forward to returning even greater value from these investments and continuing our strong shareholder return activities."