Reliance (RS) anticipates demand in Q4 will remain generally stable across the diversified end markets it serves, subject to ongoing domestic and international trade policy uncertainty. The company estimates tons sold in Q4 will be up 3.5%-5.5% compared to Q4 of 2024, and, consistent with seasonal trends, down 5.0%-7.0% compared to Q3 of 2025. Reliance expects its average selling price per ton sold for Q4 will be relatively flat compared to Q3. The company also anticipates a flat to slightly improved FIFO gross profit margin in Q4 compared to Q3.
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