Ryerson: Steel and Aluminum for AI Data Centers – Delivery Volumes Up by 65%!
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The delivery volume for data centers was 65% higher in Q3 compared to Q1. The Olympic Steel merger achieves $52 million in annualized synergies, faster than planned. Q3 exceeds revenue and profit forecasts. By 2028, synergies are expected to reach $120 million annually. The AI data center boom is also benefiting traditional metal processors. Ryerson Holding (RYZ, formerly RYI) procures and processes steel, stainless steel, and aluminum for industrial customers. On November 2, the stock reached a new 52-week high of $33.72, gaining 6.8%....
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