Ryerson Expects Continuation Of Slowing Demand Conditions In Q3, With Customer Shipments Expected To Decrease 2%-4% Q/Q
Portfolio Pulse from Benzinga Newsdesk
Ryerson Holding Corporation (RYI) anticipates a continuation of slowing demand conditions in Q3, with customer shipments expected to decrease by 2%-4% quarter over quarter.
July 31, 2023 | 8:56 pm
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NEGATIVE IMPACT
Ryerson's expected decrease in customer shipments in Q3 could negatively impact its stock price in the short term.
Ryerson's announcement of an expected decrease in customer shipments for Q3 indicates a slowing demand. This could lead to lower revenues and potentially impact the company's profitability, which may negatively affect its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100