LOS ANGELES, Feb. 19, 2020 (GLOBE NEWSWIRE) — Reliance Steel & Aluminum Co. (NYSE: RS) today announced the launch of its new e-commerce business, FastMetals, Inc. (www.fastmetals.com), which offers a catalogue pricing model for a diverse selection of metal products including carbon, stainless, aluminum and specialty alloy steels. Located in Massillon, Ohio, FastMetals ships nationwide and has direct access to Reliance’s vast network of metals service center locations which carry over 100,000 products.
“FastMetals was created in response to the growing demand for digital purchasing solutions from metalworkers of all backgrounds,” commented Jim Hoffman, President and Chief Executive Officer of Reliance. “Consistent with Reliance’s core business strategy, FastMetals specializes in small orders with quick-turn around and best-in-class customer service. We are excited to launch this new, innovative venture that differs from our traditional sales model as simply another option for customers to purchase metal from us. Many of our existing service centers presently offer online capabilities and continue to receive inquiries via phone, email or other means based on the individual customer’s preference. FastMetals is yet another channel to experience Reliance’s unique, customer-focused service.”
FastMetals’ model is tailored to smaller, specialized end-users including artists, fabricators, machine shops, hobbyists, and do-it-yourself practitioners. Customers can choose from standard shapes and sizes or select specific dimensions to satisfy unique project requirements. FastMetals provides instant pricing, same-day shipping, no minimum order quantity and direct fulfillment to the individual customer.
About Reliance Steel & Aluminum Co.
Reliance Steel & Aluminum Co. (NYSE:RS), headquartered in Los Angeles, California, is the largest metals service center company in North America. Through a network of more than 300 locations in 40 states and thirteen countries outside of the United States, Reliance provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance focuses on small orders with quick turnaround and increasing levels of value-added processing. In 2018, Reliance’s average order size was $2,130, approximately 49% of orders included value-added processing and approximately 40% of orders were delivered within 24 hours. Reliance Steel & Aluminum Co.’s press releases and additional information are available on the Company’s website at www.rsac.com.
Brenda Miyamoto
Investor Relations
(213) 576-2428
investor@rsac.com
or Addo Investor Relations
(310) 829-5400