US steel processor & distributor Reliance Steel & Aluminum Co has reported strong results for 2021. Reliance CEO Mr Jim Hoffman said “Reliance finished the year strong with record financial performance across nearly every metric, driven by the resilience of our business model and exceptional execution throughout our Family of Companies. The durability and effectiveness of our model is apparent in our results despite macroeconomic challenges, including the continuing pandemic, supply-chain disruptions and a tight labor market. Strong demand and favorable metal pricing trends throughout 2021, combined with our highly diverse mix of products and end markets and strong relationships with our domestic mill partners, helped generate record annual sales of USD 14.09 billion.”2021 Highlights-------------------Net sales - USD 14,093 million, up 59.9% YoYGross profit – USD 4,490 million, up 61.8% YoYNet income\t - USD 1,413 million, up 282.8% YoYTons sold - 5,473 tons, up 4.6% YoYAverage selling price – USD 2,594 per tonne, up 54.3% YoYBusiness Outlook - Reliance remains optimistic about business conditions in the first quarter of 2022 with solid underlying demand across most key end markets. The Company estimates tons sold will be up 5% to 7% in the first quarter of 2022 compared to the fourth quarter of 2021 due to seasonal shipping volume increases. However, the tons sold estimate is lower than the typical first quarter expectation as a result of softer demand in January and early February attributable to continued supply chain and labor disruptions at Reliance as well as its customers and suppliers resulting from the Omicron surge. Despite significant pricing declines for carbon hot-rolled coil and sheet products, Reliance expects its average selling price per ton sold for the first quarter of 2022 to be down only 2% to 4% compared to the fourth quarter of 2021 driven by the Company’s diverse product mix, which included only about 10% of carbon hot-rolled coil and sheet product sales in 2021, and continued strength in pricing for the majority of its products and the markets into which it sells. Based on these expectations, Reliance estimates non-GAAP earnings per diluted share in the range of $7.05 to $7.15 for the first quarter of 2022.Reliance services diverse end markets and provides a wide range of products and processing services, generally in small quantities on a when-needed basis.