Reliance Steel (RS) Up 26% in 6 Months: What's Driving It?

Shares of Reliance Steel & Aluminum Co. RShave spiked around 26% over the last six months. The company has also outperformed its industry’s gain of roughly 21% to over the same time frame.  

Reliance Steel has a market cap of roughly $6.9 billion. Average volume of shares traded in the last three months is around 542.

2K. The company has an expected long-term earnings per share growth of 9%.

Let’s take a look into the factors that are driving this Zacks Rank #1 (Strong Buy) stock.