Reliance Steel (RS) Shares Up 32% in a Year: What's Driving It?

Reliance Steel & Aluminum Co.’s (RS) shares have shot up 31.8% over the past year. The company has also outperformed its industry’s rise of 3.6% over the same time frame. Moreover, it has topped the S&P 500’s roughly 22.4% rise over the same period.Let’s dive into the factors behind this Zacks Rank #2 (Buy) stock’s price appreciation. Image Source: Zacks Investment Research What’s Going in RS’s Favor?Reliance Steel is gaining from strong underlying demand in its major markets. It expects demand to remain he ...