Russel Metals traded at 58.19 this Friday May 15th, decreasing 0.44 or 0.75 percent since the previous trading session. Looking back, over the last four weeks, Russel Metals lost 18.97 percent. Over the last 12 months, its price rose by 37.27 percent. Looking ahead, we forecast Russel Metals to be priced at 56.98 by the end of this quarter and at 53.50 in one year, according to Trading Economics global macro models projections and analysts expectations.
Russel Metals Inc. is a metals distribution company in North America. The Company operates through three segments: metals service centers, energy products and steel distributors. The Company provides processing and distribution services to a base of approximately 31,000 end users through a network of over 46 locations in Canada and over 17 locations in the United States. The Company's network of metals service centers provides processing and distribution services on a line of metal products in a range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel and aluminum. The Company's energy products operations carry a specialized product line focused on the needs of energy industry customers. The Company's steel distributors segment is engaged in selling steel to other steel service centers and equipment manufacturers.