Tranche Update on Ryerson Holding Corporation's Equity Buyback Plan announced on August 3, 2022.
October 31, 2023 at 01:50 am IST
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From July 1, 2023 to September 30, 2023, the company has repurchased 133,094 shares, representing 0.39% for $3.97 million. With this, the company has completed the repurchase of 3,100,933 shares, representing 8.54% for $109.35 million under the buyback announced on August 3, 2022.
Ryerson Holding Corporation is a value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. The Company carries a full line of carbon steel, stainless steel, alloy steels, and aluminum, and a limited line of nickel and red metals. These materials are stocked in a number of shapes, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing. The Company also provide a variety of processing services to meet its customerâ s needs. It also conducts metal processing and distribution operations in China. It has approximately 110 facilities in North America and four facilities in China. The Company offers various value-added processing and fabrication services, such as bending, beveling, blanking, blasting, burning, cutting-to length, drilling, embossing, flattening, forming, grinding, laser cutting, machining, notching, painting, perforating, polishing, punching, rolling, and sawing.