Trump tariffs drive record sales at largest US metals processor

Published April 26, 2018 8:21pm ET



The nation’s top metals processor says business has surged following the Trump administration’s tariffs on steel and aluminum imports.

“Improved demand, a limited amount of customer pre-buying as a result of announced tariffs, and normal seasonal patterns” pushed first-quarter shipments up 10 percent from a year earlier, yielding a record quarterly sales volume of 1.6 million tons, Reliance Steel & Aluminum Co. said Thursday.

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