Reliance 2016 Annual Report

The Reliance Family of Companies welcomed three new businesses in 2016, bringing our total acquisition count to 62 quality companies since our 1994 IPO. Each of these companies fits our overall strategy for growth in specialty and high-margin products and services, and was accretive to our earnings. The acquisition of Tubular Steel expands our presence in specialty products and strengthens our foothold in the energy end-market. Although current activity levels are lower than normal, we are confident in the long-term strength of the energy market and Tubular Steel’s ability to benefit during the recovery. Best Manufacturing increases our high- margin, value-added processing capabilities; and Alaska Steel marks our first entry into the Alaskan market, broadening our reach and servicing diverse industries, including infrastructure and energy. We are continuously evaluating well-run companies that fit our strategy for profitable growth and meet our stringent acquisition criteria. At the same time, we remain focused on organic investment – primarily in state-of- the-art, value-added processing equipment – that will continue to enhance our earnings. On behalf of Reliance, we would like to express how extremely proud we are of the strong operational performance and commitment shown by our more than 14,000 employees. In particular, the strict pricing discipline and diligent expense and inventory management

practices implemented by our managers in the field have enabled Reliance to thrive through all types of environments. We are also very pleased with Reliance’s safety performance in 2016, in which our companies achieved a year-over-year reduction in our incident rate of more than 25%. We would like to thank all of our employees for working hard, and for doing so safely. We would also like to thank our loyal customers, suppliers, and stockholders for their continued support and commitment to Reliance. In the coming year, we anticipate a renewed enthusiasm for infrastructure and equipment spending, as well as improvement in the energy market. As we look “toward a better tomorrow,” we believe Reliance is very well positioned to capitalize on these opportunities.

Gregg J. Mollins | President and Chief Executive Officer

Karla R. Lewis | Senior Executive Vice President and Chief Financial Officer

James D. Hoffman | Executive Vice President and Chief Operating Officer

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