Ryerson Holding Corporation reported Friday third quarter revenues of $790.0 million, down 6.0 percent from the second quarter of 2015 and down 16.7 percent from the third quarter of 2014. Sequentially, a 0.8 percent increase in tons shipped per day was more than offset by a 6.7 percent decline in the average selling price. On a year-over-year basis, tons shipped per day declined 5.0 percent and the average selling price was down 12.2 percent.
Net income attributable to Ryerson Holding Corporation was $6.7 million, or $0.21 per share in the third quarter of 2015, compared to $15.8 million, or $0.49 per share in the second quarter of 2015 and a net loss attributable to Ryerson Holding Corporation of $34.7 million, or a loss of $1.26 per share, in the third quarter of 2014.
Net income attributable to Ryerson Holding Corporation was $6.7 million, or $0.21 per share in the third quarter of 2015, compared to $15.8 million, or $0.49 per share in the second quarter of 2015 and a net loss attributable to Ryerson Holding Corporation of $34.7 million, or a loss of $1.26 per share, in the third quarter of 2014.
"I'm proud of the Ryerson team, the strong execution in the field, and our continued expense and working capital management," said Eddie Lehner, Ryerson's president and chief executive officer. "Despite the pressures associated with declining industry shipments and a sharp, protracted decline in metals pricing, Ryerson's third quarter tons shipped increased slightly and we more closely aligned our average cost inventory with current market prices. When we peel back the macro, we are a company that continues to improve its competitive position in the industry."