Reliance Steel & Aluminum (RS) 10-Q 31 Jul 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 28, 2014
Document and Entity Information	'	'
Entity Registrant Name	'RELIANCE STEEL & ALUMINUM CO	'
Entity Central Index Key	'0000861884	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	77,967,476
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$113.50	$83.60
Accounts receivable, less allowance for doubtful accounts of $20.6 at June 30, 2014 and $18.9 at December 31, 2013	1,169.20	983.5
Inventories	1,769.90	1,540
Prepaid expenses and other current assets	63.9	59
Income taxes receivable	'	33.9
Deferred income taxes	38.9	38.9
Total current assets	3,155.40	2,738.90
Property, plant and equipment:	'	'
Land	192.5	191.7
Buildings	951.7	934.6
Machinery and equipment	1,406.30	1,350.30
Accumulated depreciation	-942.7	-872.7
Total property, plant and equipment	1,607.80	1,603.90
Goodwill	1,676.30	1,691.60
Intangible assets, net	1,186.20	1,213.80
Cash surrender value of life insurance policies, net	40.5	45.4
Investments in unconsolidated entities	15.1	14.1
Other assets	33.4	33.3
Total assets	7,714.70	7,341
Current liabilities:	'	'
Accounts payable	457.8	280.3
Accrued expenses	108.1	91.1
Accrued compensation and retirement costs	105	119.5
Accrued insurance costs	45.7	46
Current maturities of long-term debt and short-term borrowings	39.2	36.5
Income taxes payable	6.7	'
Total current liabilities	762.5	573.4
Long-term debt	2,093.20	2,072.50
Long-term retirement costs	84.7	84
Other long-term liabilities	30.7	35.9
Deferred income taxes	689.4	690.8
Commitments and contingencies	'	'
Equity:	'	'
Preferred stock, no par value: Authorized shares - 5,000,000 None issued or outstanding	'	'
Common stock, no par value: Authorized shares - 200,000,000 Issued and outstanding shares - 77,941,158 at June 30, 2014 and 77,492,017 at December 31, 2013, stated capital	852.5	818.3
Retained earnings	3,193.10	3,063
Accumulated other comprehensive loss	-1.3	-6.7
Total Reliance shareholders' equity	4,044.30	3,874.60
Noncontrolling interests	9.9	9.8
Total equity	4,054.20	3,884.40
Total liabilities and equity	$7,714.70	$7,341

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified
CONSOLIDATED BALANCE SHEETS	'	'
Accounts receivable, allowance for doubtful accounts (in dollars)	$20.60	$18.90
Preferred stock, par value (in dollars per share)	'	'
Preferred stock, Authorized shares	5,000,000	5,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value (in dollars per share)	'	'
Common stock, Authorized shares	200,000,000	200,000,000
Common stock, Issued shares	77,941,158	77,492,017
Common stock, outstanding shares	77,941,158	77,492,017

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		6 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED STATEMENTS OF INCOME	'	'	'	'
Net sales	$2,616.80	$2,448.30	$5,169.80	$4,473.60
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	1,943.50	1,826.70	3,849.30	3,323.20
Warehouse, delivery, selling, general and administrative	444.9	426	885.9	783.7
Depreciation and amortization	52.7	50.1	104.6	91.2
Total costs and expenses	2,441.10	2,302.80	4,839.80	4,198.10
Operating income	175.7	145.5	330	275.5
Other income (expense):	'	'	'	'
Interest	-20.2	-22.1	-40.4	-35.2
Other (expense) income, net	-1.3	-0.6	-1.3	2.3
Income before income taxes	154.2	122.8	288.3	242.6
Income tax provision	56.4	40.9	102.6	76.2
Net income	97.8	81.9	185.7	166.4
Less: Net income attributable to noncontrolling interests	1.3	0.9	2	1.7
Net income attributable to Reliance	$96.50	$81	$183.70	$164.70
Earnings per share:	'	'	'	'
Diluted earnings per common share attributable to Reliance shareholders (in dollars per share)	$1.22	$1.05	$2.34	$2.13
Basic earnings per common share attributable to Reliance shareholders (in dollars per share)	$1.24	$1.06	$2.37	$2.15
Cash dividends per share (in dollars per share)	$0.35	$0.30	$0.70	$0.60

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'	'	'
Net income	$97.80	$81.90	$185.70	$166.40
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation gain (loss)	14.2	-9.8	5.3	-19.9
Unrealized gain on investments, net of tax	'	'	0.1	0.2
Total other comprehensive income (loss)	14.2	-9.8	5.4	-19.7
Comprehensive income	112	72.1	191.1	146.7
Less: comprehensive income attributable to noncontrolling interests	1.3	0.9	2	1.7
Comprehensive income attributable to Reliance	$110.70	$71.20	$189.10	$145

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Operating activities:	'	'
Net income	$185.70	$166.40
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization expense	104.6	91.2
Deferred income tax (benefit) provision	-1.5	0.6
(Gain) loss on sales of property, plant and equipment	-1	1
Equity in earnings of unconsolidated entities	-1.4	-0.9
Dividends received from unconsolidated entity	0.4	0.4
Share-based compensation expense	12.9	14.5
Other	4.4	-0.5
Changes in operating assets and liabilities:	'	'
Accounts receivable	-188	-133.2
Inventories	-230.4	62.8
Prepaid expenses and other assets	37.2	11.3
Accounts payable and other liabilities	186.6	70.3
Net cash provided by operating activities	109.5	283.9
Investing activities:	'	'
Purchases of property, plant and equipment	-86.9	-74.3
Acquisitions, net of cash acquired	'	-794.7
Proceeds from sale of business, net	26.2	'
Other	-9	8.5
Net cash used in investing activities	-69.7	-860.5
Financing activities:	'	'
Net short-term debt repayments	-3.6	-469.3
Proceeds from long-term debt borrowings	297	2,257.90
Principal payments on long-term debt	-270.3	-1,191.60
Debt issuance costs	'	-10.3
Dividends paid	-54.4	-46
Exercise of stock options	21.3	42.4
Other	-1.1	-1.7
Net cash (used in) provided by financing activities	-11.1	581.4
Effect of exchange rate changes on cash	1.2	-1.6
Increase in cash and cash equivalents	29.9	3.2
Cash and cash equivalents at beginning of year	83.6	97.6
Cash and cash equivalents at end of period	113.5	100.8
Supplemental cash flow information:	'	'
Interest paid during the period	40.5	29.9
Income taxes paid during the period, net	62.5	65.7
Non-cash investing and financing activities:	'	'
Debt assumed in connection with acquisitions	'	$529.90

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Basis of Presentation	'
Basis of Presentation	'
	1.  Basis of Presentation
	Principles of Consolidation
	The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation with respect to the interim financial statements, have been included. The results of operations for the six months ended June 30, 2014 are not necessarily indicative of the results for the full year ending December 31, 2014. For further information, refer to the consolidated financial statements and footnotes thereto for the year ended December 31, 2013, included in Reliance Steel & Aluminum Co.’s (“Reliance”, the “Company”, “we”, “our” or “us”) Annual Report on Form 10-K.
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.
	Our consolidated financial statements include the assets, liabilities and operating results of majority-owned subsidiaries. The ownership of the other interest holders of consolidated subsidiaries is reflected as noncontrolling interests. Our investments in unconsolidated subsidiaries are recorded under the equity method of accounting. All significant intercompany accounts and transactions have been eliminated.

Impact_of_Recently_Issued_Acco

Impact of Recently Issued Accounting Guidance	6 Months Ended
	Jun. 30, 2014
Impact of Recently Issued Accounting Guidance	'
Impact of Recently Issued Accounting Guidance	'
	2.  Impact of Recently Issued Accounting Guidance
	Impact of Recently Issued Accounting Standards—Adopted
	Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity—In April 2014, the FASB issued accounting guidance for reporting discontinued operations and disposals of components of an entity. The new guidance limits discontinued operations reporting to those disposals which represent a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The updated guidance also expands the disclosure requirements for discontinued operations and adds new disclosures for individually significant dispositions that do not qualify as discontinued operations. The new accounting guidance is effective for disposals that occur during fiscal years that begin after December 15, 2014. Early adoption of the new accounting guidance is permitted and we adopted the new guidance during the three months ended June 30, 2014 and applied it to our sale of Metals USA’s non-core roofing business in May 2014. The adoption of these changes did not have a material impact on our consolidated financial statements.
	Impact of Recently Issued Accounting Standards—Not Yet Adopted
	Revenue from Contracts with Customers—In May 2014, the FASB issued accounting changes which replace most of the detailed guidance on revenue recognition that currently exists under U.S. GAAP. Under the new guidance an entity should recognize revenue in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We are evaluating the new standard, but do not at this time expect this standard to have a material impact on our consolidated financial statements.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2014
Acquisitions	'
Acquisitions	'
	3.  Acquisitions
	2013 Acquisitions
	On November 1, 2013, through our wholly-owned subsidiary American Metals Corporation, we acquired Haskins Steel Co., Inc. (“Haskins Steel”), located in Spokane, Washington. Founded in 1955, Haskins Steel processes and distributes primarily carbon steel and aluminum products of various shapes and sizes to a diverse customer base in the Pacific Northwest. Their in-house processing capabilities include shearing, sawing, burning and forming. Net sales of Haskins Steel for the six months ended June 30, 2014 were $15.9 million.
	On April 30, 2013, we acquired Travel Main Holdings, LLC (“Travel Main”), a real estate holding company with a portfolio of 18 real estate properties, all of which are leased by certain of our subsidiaries. The transaction value of $78.9 million included the assumption of $43.8 million of indebtedness.  The cash portion of the purchase price was funded with borrowings on our revolving credit facility.
	On April 12, 2013, we acquired Metals USA Holdings Corp. (“Metals USA”). Metals USA is one of the largest metals service center businesses in the United States and a leading provider of value-added processed aluminum, brass, copper, carbon steel, stainless steel, manufactured metal components and inventory management services. Metals USA sells its products and services to a diverse customer base and broad range of end markets, including the aerospace, auto, defense, heavy equipment, marine transportation, commercial construction, office furniture manufacturing, energy and oilfield service industries, among several others. This acquisition added a total of 44 service centers strategically located throughout the United States to our existing operations and complements our existing customer base, product mix and geographic footprint. Net sales of Metals USA for the six months ended June 30, 2014 were $918.6 million. Effective May 16, 2014, the Company sold Metals USA’s non-core roofing business for net proceeds of approximately $26.2 million and recorded a pre-tax loss of approximately $1.1 million, which is included in other expense, net.  Net sales of Metals USA’s non-core roofing business during the six months ended June 30, 2014 and during the period from April 13, 2013 through December 31, 2013 were $9.6 million and $25.4 million, respectively.
	The purchase price for Metals USA of $766.8 million along with assumed debt of $486.1 million represented a total transaction value of approximately $1.25 billion. We funded the transaction and refinanced all but $12.3 million of Metals USA’s debt with proceeds from our $500.0 million term loan, which we entered into in April 2013, and our April 2013 $500.0 million senior notes offering, with the balance drawn on our revolving credit facility (see Note 7). During the three months and six months ended June 30, 2013 we incurred approximately $11.4 million in transaction related costs, which are included in warehouse, delivery, selling, general and administrative expenses.
	The allocation of the total purchase price of Metals USA to the fair values of assets acquired and liabilities assumed was as follows:
		(in millions)
	Cash	$	3.2
	Accounts receivable	206
	Inventories	379.5
	Property, plant and equipment	242.6
	Goodwill	382.7
	Intangible assets subject to amortization	137.6
	Intangible assets not subject to amortization	203
	Other current and long-term assets	9.1
	Total assets acquired	1,563.70
	Current and long-term debt	486.1
	Deferred taxes	184.4
	Other current and long-term liabilities	126.4
	Total liabilities assumed	796.9
	Net assets acquired	$	766.8
	Purchase price allocations
	The acquisitions discussed in this note have been accounted for under the acquisition method of accounting and, accordingly, the respective purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of each acquisition.  The accompanying consolidated statements of income include the revenues and expenses of each acquisition since its respective acquisition date.  The consolidated balance sheets reflect the allocation of each acquisition’s purchase price as of June 30, 2014, as applicable.  The purchase price allocation for the Haskins Steel acquisition is preliminary and is pending the completion of pre-acquisition period income tax returns. The measurement periods for purchase price allocations do not exceed 12 months from the acquisition date.
	Pro forma financial information
	The following pro forma summary financial results present the consolidated results of operations as if the acquisition of Metals USA had occurred as of January 1, 2013, after the effect of certain adjustments, including interest expense on the acquisition debt, non-recurring acquisition related costs, and amortization of certain identifiable intangible assets. The pro forma summary financial results reflect Metals USA’s historical method for inventory valuation, which was the first-in, first-out (FIFO) method for the majority of its inventories.  Metals USA adopted the last-in, first-out (LIFO) method of inventory valuation upon acquisition. The pro forma summary financial results for the three months and six months ended June 30, 2013 excluded approximately $43.5 million and $48.7 million of acquisition and related costs, respectively.
	The pro forma results have been presented for comparative purposes only and are not indicative of what would have occurred had the Metals USA acquisition been made as of January 1, 2013, or of any potential results which may occur in the future.
		Three Months Ended		Six Months Ended
		June 30, 2013		June 30, 2013
		(in millions, except		(in millions, except
		per share amounts)		per share amounts)
	Pro forma:
	Net sales	$	2,519.20	$	5,003.60
	Net income attributable to Reliance	$	83	$	172
	Diluted earnings per common share attributable to Reliance shareholders	$	1.07	$	2.23
	Basic earnings per common share attributable to Reliance shareholders	$	1.08	$	2.25

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2014
Goodwill.	'
Goodwill	'
	4.  Goodwill
	The change in the carrying amount of goodwill is as follows:
		(in millions)
	Balance at December 31, 2013	$	1,691.60
	Purchase price allocation adjustment	1.2
	Sale of business	(17.1		)
	Effect of foreign currency translation	0.6
	Balance at June 30, 2014	$	1,676.30
	We had no accumulated impairment losses related to goodwill as of June 30, 2014.

Intangible_Assets_net

Intangible Assets, net	6 Months Ended
	Jun. 30, 2014
Intangible Assets, net	'
Intangible Assets, net	'
	5.  Intangible Assets, net
	Intangible assets, net consisted of the following:
				June 30, 2014					December 31, 2013
		Weighted Average		Gross					Gross
		Amortizable		Carrying		Accumulated			Carrying		Accumulated
		Life in Years		Amount		Amortization			Amount		Amortization
				(in millions)
	Intangible assets subject to amortization:
	Covenants not to compete	4	5	$	2.1	$	(1.5	)	$	8	$	(7.3	)
	Loan fees	3	8	41.5		(25.7		)	41.5		(24.1		)
	Customer lists/relationships	14	6	654.8		(225.9		)	654.3		(200.6		)
	Software – internal use	10	0	8.1		(6.7		)	8.1		(6.3		)
	Other	5	2	7.2		(3.5		)	7.4		(2.7		)
				713.7		(263.3		)	719.3		(241.0		)
	Intangible assets not subject to amortization:
	Trade names			735.8		—			735.5		—
				$	1,449.50	$	(263.3	)	$	1,454.80	$	(241.0	)
	We recognized amortization expense for intangible assets of $28.2 million and $26.4 million for the six months ended June 30, 2014 and 2013, respectively. Other changes in intangible assets, net during the six months ended June 30, 2014 are due to foreign currency translation gains of $0.6 million.
	The following is a summary of estimated aggregate amortization expense for the remaining six months of 2014 and each of the succeeding five years:
		(in millions)
	2014	$	27.6
	2015	53.7
	2016	52.1
	2017	47.6
	2018	41.4
	2019	40.7

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Taxes	'
Income Taxes	'
	6.  Income Taxes
	Our effective income tax rates for the three-month periods ended June 30, 2014 and 2013 were 36.6% and 33.3%, respectively. Our effective income tax rates for the six-month periods ended June 30, 2014 and 2013 were 35.6% and 31.4%, respectively. Our 2014 three-month and six-month period effective income tax rates were unfavorably impacted by the sale of certain non-core assets acquired as part of the Metals USA acquisition. Permanent items that lowered our effective income tax rates from the federal statutory rate were not materially different in amounts during both years and relate mainly to company-owned life insurance policies, domestic production activities deductions and foreign income levels that are taxed at rates lower than the U.S. statutory rate of 35%.

Debt

Debt	6 Months Ended
	Jun. 30, 2014
Debt	'
Debt	'
	7.  Debt
	Debt consisted of the following:
		June 30,			December 31,
		2014			2013
		(in millions)
	Unsecured revolving credit facility due April 4, 2018	$	520		$	480
	Senior unsecured term loan due from September 30, 2014 to April 4, 2018	455			467.5
	Senior unsecured notes due November 15, 2016	350			350
	Senior unsecured notes due April 15, 2023	500			500
	Senior unsecured notes due November 15, 2036	250			250
	Other notes and revolving credit facilities	60.5			64.8
	Total	2,135.50			2,112.30
	Less: unamortized discount	(3.1		)	(3.3		)
	Less: amounts due within one year and short-term borrowings	(39.2		)	(36.5		)
	Total long-term debt	$	2,093.20		$	2,072.50
	Unsecured Credit Facility
	On April 4, 2013, we entered into a syndicated Third Amended and Restated Credit Agreement with 26 banks as lenders (“Credit Agreement”). The Credit Agreement amended and restated our existing $1.5 billion unsecured revolving credit facility and provided for a $500.0 million term loan and an option to increase the revolving credit facility for up to $500.0 million at our request, subject to approval of the lenders and certain other conditions. The term loan due April 4, 2018 amortizes in quarterly installments, with an annual amortization of 5% through March 2015 and 10% thereafter until March 2018, with the balance to be paid at maturity. Interest on borrowings from the revolving credit facility during the three-month period ended June 30, 2014 was at variable rates based on LIBOR plus 1.25% or the bank prime rate plus 0.25% and included a commitment fee at an annual rate of 0.20% on the unused portion. The applicable margins over LIBOR rate and base rate borrowings, along with commitment fees, are subject to adjustment every quarter based on our leverage ratio, as defined.
	Weighted average rates on borrowings outstanding on the revolving credit facility were 1.40% and 1.41% as of June 30, 2014 and December 31, 2013, respectively. As of June 30, 2014, we had $59.2 million of letters of credit outstanding under the revolving credit facility with availability to issue an additional $190.8 million of letters of credit.
	Senior Unsecured Notes – Publicly Traded
	On November 20, 2006 we entered into an indenture (the “2006 Indenture”), for the issuance of $600.0 million of unsecured debt securities. The total debt issued was comprised of two tranches, (a) $350.0 million aggregate principal amount of senior unsecured notes bearing interest at the rate of 6.20% per annum, maturing on November 15, 2016 and (b) $250.0 million aggregate principal amount of senior unsecured notes bearing interest at the rate of 6.85% per annum, maturing on November 15, 2036.
	On April 12, 2013, we entered into an indenture (the “2013 Indenture” and, together with the 2006 Indenture, the “Indentures”), for the issuance of $500.0 million aggregate principal amount of senior unsecured notes at the rate of 4.50% per annum, maturing on April 15, 2023.  The net proceeds from the issuance were used to partially fund the acquisition of Metals USA.
	Under the Indentures, the notes are senior unsecured obligations and rank equally in right of payment with all of our existing and future unsecured and unsubordinated obligations. The notes are guaranteed by certain of our 100%-owned domestic subsidiaries that guarantee our revolving credit facility. The senior unsecured notes include provisions that require us to make an offer to repurchase the notes at a price equal to 101% of their principal amount plus accrued and unpaid interest in the event of a change in control and a downgrade of our credit rating.
	Other Notes and Revolving Credit Facilities
	Other revolving credit facilities with a combined credit limit of approximately $21.8 million are in place for operations in Asia and Europe with combined outstanding balances of $6.0 million and $9.5 million as of June 30, 2014 and December 31, 2013, respectively.
	Pursuant to our acquisition of Metals USA, we assumed industrial revenue bonds with combined outstanding balances of $11.9 million as of June 30, 2014 and December 31, 2013 that have maturities through 2027. Additionally, we assumed mortgage obligations pursuant to our acquisition of Travel Main, which had outstanding balances of $42.4 million and $43.0 million as of June 30, 2014 and December 31, 2013, respectively. The mortgages, which are secured by the underlying properties, have a fixed interest rate of 6.40% and scheduled amortization payments with a lump sum payment of $39.2 million due October 2016.
	Covenants
	The Credit Agreement requires us to maintain an interest coverage ratio and a maximum leverage ratio, among other things.
	Our obligations under the Credit Agreement and Indentures are required to be guaranteed by certain of our 100%-owned domestic subsidiaries.  The subsidiary guarantors, together with Reliance, are required to collectively account for at least 80% of our consolidated EBITDA and 80% of consolidated tangible assets.
	We were in compliance with all debt covenants as of June 30, 2014.

Equity

Equity	6 Months Ended
	Jun. 30, 2014
Equity	'
Equity	'
	8.  Equity
	Common Stock
	During the six months ended June 30, 2014, we issued 449,141 shares of common stock in connection with the exercise of employee stock options for total proceeds of approximately $21.3 million.
	Dividends
	On July 22, 2014, our Board of Directors declared the 2014 third quarter cash dividend of $0.35 per share. The dividend is payable on September 12, 2014 to shareholders of record as of August 15, 2014.
	During the six months ended June 30, 2014 we declared and paid quarterly dividends of $0.35 per share, or $54.4 million in total, compared to quarterly dividends of $0.30 per share, or $46.0 million in total, for the same period in 2013.
	Share-Based Compensation
	On March 25, 2014, we granted a total of 349,380 restricted stock units (“RSUs”) to key employees pursuant to our Amended and Restated Stock Option and Restricted Stock Plan. Each RSU consists of the right to receive one share of our common stock and dividend equivalent rights, subject to forfeiture, equal to the accrued cash or stock dividends where the record date for such dividends is after the grant date but before the shares vest.  Each 2014 RSU granted has a service condition and cliff vests at December 31, 2016, if the recipient is an employee on that date. In addition to the service criteria, 136,162 of the RSUs granted in 2014 also have performance goals and vest only upon the satisfaction of the service and performance criteria.  The fair value of the 2014 RSUs granted was $71.15, the closing price of our common stock on the day before the grant.
	Share Repurchase Program
	As of June 30, 2014, 7,883,033 shares of common stock remain authorized for repurchase under our stock repurchase program. No shares were repurchased in 2014 or 2013. Repurchased shares are redeemed and treated as authorized but unissued shares.
	Accumulated Other Comprehensive Loss
	Accumulated other comprehensive loss included the following:
				Unrealized		Pension and			Accumulated
		Foreign Currency		Gain on		Postretirement			Other
		Translation		Investments,		Benefit Adjustments,			Comprehensive
		Gain		Net of Tax		Net of Tax			Loss
		(in millions)
	Balance as of December 31, 2013	$	3.2	$	0.2	$	(10.1	)	$	(6.7	)
	Current-period change	5.3		0.1		—			5.4
	Balance as of June 30, 2014	$	8.5	$	0.3	$	(10.1	)	$	(1.3	)
	Foreign currency translation adjustments are not generally adjusted for income taxes as they relate to indefinite investments in foreign subsidiaries. Unrealized gain on investments and pension and postretirement benefit adjustments are net of taxes of $0.1 million and $6.9 million, respectively, as of June 30, 2014 and December 31, 2013.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies.	'
Commitments and Contingencies	'
	9.  Commitments and Contingencies
	Environmental Contingencies
	We are currently involved with certain environmental remediation projects related to activities at former manufacturing operations of our wholly owned subsidiary Earle M. Jorgensen Company (“EMJ”) that were sold many years prior to our acquisition of EMJ in 2006. Although the potential cleanup costs could be significant, EMJ had insurance policies in place at the time they owned the manufacturing operations that are expected to cover the majority of the related costs. We do not expect that these obligations will have a material adverse impact on our financial position, results of operations or cash flows.
	Legal Matters
	On April 29, 2014, a judgment was entered against the Company and its subsidiary, Chapel Steel Corp. (“Chapel”), along with four other co-defendants, in an antitrust lawsuit filed in the United States District Court for the Southern District of Texas. As previously disclosed, Reliance has been involved in this legal proceeding brought by two former employees who left the Company to start their own business and claim that Reliance and the co-defendants engaged in anticompetitive activities. The judgment, entered against all defendants jointly and severally, awarded the plaintiff $156 million in damages, representing a trebling under federal antitrust laws of the jury verdict of $52 million in damages. On May 27, 2014 the judgment was reduced to $153.5 million. All remaining defendants, including Reliance and Chapel, have filed Notices of Appeal to the United States Court of Appeals for the Fifth Circuit seeking to have the judgment reversed, altered, or amended. Execution on the judgment is stayed pending the appeal. Despite the judgment, Reliance currently believes a reasonable range of its potential loss in this matter is between $10.0 million and $38.4 million.  The low end of the estimated range of potential loss is based on our current belief that we may be successful in our efforts, including the appeal or other proceeding, in reducing the judgment and/or settling this matter.  The high end of the estimated range of potential loss represents our estimate of Reliance’s maximum share of the judgment should we be unsuccessful in reducing the judgment or settling the matter at a lower amount.  We have determined that no amount within this range is a better estimate than any other amount and, therefore, have recognized a contingent liability equal to the minimum amount of the range. Our estimated range of potential loss is based on our opinion regarding the current status and likelihood of final resolution through appeal or other proceedings, and could change as a result of developments in the appeal or other proceedings or if the likelihood of settlement changes.  The ultimate financial obligation resulting from resolution of this matter could vary, perhaps materially, from our estimated range of potential loss.
	From time to time, we are named as a defendant in legal actions. Generally, these actions arise out of our normal course of business. Except as disclosed above, we are not a party to any pending legal proceedings other than routine litigation incidental to the business. We expect that these other matters will be resolved without a material adverse effect on our results of operations or financial condition. We maintain liability insurance against risks arising out of our ordinary course of business.

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share	'
Earnings Per Share	'
	10.  Earnings Per Share
	The following table sets forth the computation of basic and diluted earnings per share:
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
		(in millions, except share and per share amounts)
	Numerator:
	Net income attributable to Reliance	$	96.5	$	81	$	183.7	$	164.7
	Denominator:
	Denominator for basic earnings per share:
	Weighted average shares	77,735,301		76,695,598		77,621,983		76,497,454
	Effect of dilutive securities:
	Stock options, restricted stock, and RSUs	1,042,451		773,519		946,439		778,557
	Denominator for dilutive earnings per share:
	Adjusted weighted average shares and assumed conversions	78,777,752		77,469,117		78,568,422		77,276,011
	Net income per share attributable to Reliance shareholders – diluted	$	1.22	$	1.05	$	2.34	$	2.13
	Net income per share attributable to Reliance shareholders – basic	$	1.24	$	1.06	$	2.37	$	2.15
	The computations of earnings per share for the three months ended June 30, 2014 and 2013 do not include 46,255 and 144,143 weighted average shares, respectively, for stock options and RSU’s, because their inclusion would have been anti-dilutive.
	The computations of earnings per share for the six months ended June 30, 2014 and 2013 do not include 31,940 and 313,912 weighted average shares, respectively, for stock options and RSU’s, because their inclusion would have been anti-dilutive.

Condensed_Consolidating_Financ

Condensed Consolidating Financial Statements	6 Months Ended
	Jun. 30, 2014
Condensed Consolidating Financial Statements	'
Condensed Consolidating Financial Statements	'
	11.  Condensed Consolidating Financial Statements
	In November 2006 and April 2013, we issued senior unsecured notes in the aggregate principal amount of $1.1 billion, at fixed interest rates that are guaranteed by certain of our 100%-owned domestic subsidiaries that also guarantee borrowings under the Credit Agreement. The accompanying consolidating financial information has been prepared and presented pursuant to Rule 3-10 of SEC Regulation S-X “Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.” The guarantees are full and unconditional and joint and several obligations of each of the guarantor subsidiaries. There are no significant restrictions on our ability to obtain funds from any of the guarantor subsidiaries by dividends or loans. The supplemental consolidating financial information has been presented in lieu of separate financial statements of the guarantors as such separate financial statements are not considered meaningful.
	Condensed Unaudited Consolidating Balance Sheet
	As of June 30, 2014
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Assets
	Cash and cash equivalents	$	49.4		$	(11.0	)	$	75.1		$	—		$	113.5
	Accounts receivable, less allowance for doubtful accounts	79.7			992.9			96.6			—			1,169.20
	Inventories	64.9			1,549.50			155.5			—			1,769.90
	Income taxes receivable	52.2			—			—			(52.2		)	—
	Intercompany receivables	0.6			17.7			1.4			(19.7		)	—
	Other current assets	115			50.1			14.6			(76.9		)	102.8
	Total current assets	361.8			2,599.20			343.2			(148.8		)	3,155.40
	Investments in subsidiaries	4,645.30			219.2			—			(4,864.5		)	—
	Property, plant and equipment, net	103.9			1,306.50			197.4			—			1,607.80
	Goodwill	23.8			1,549.80			102.7			—			1,676.30
	Intangible assets, net	33			1,037.00			116.2			—			1,186.20
	Intercompany receivables	1,365.00			84.5			10.2			(1,459.7		)	—
	Other assets	22.6			61.1			5.3			—			89
	Total assets	$	6,555.40		$	6,857.30		$	775		$	(6,473.0	)	$	7,714.70
	Liabilities & Equity
	Accounts payable	$	40.4		$	414.6		$	22.5		$	(19.7	)	$	457.8
	Accrued compensation and retirement costs	13.3			81.9			9.8			—			105
	Other current liabilities	63.7			82.6			68.1			(53.9		)	160.5
	Deferred income taxes	—			75.2			—			(75.2		)	—
	Current maturities of long-term debt and short-term borrowings	31.5			—			7.7			—			39.2
	Total current liabilities	148.9			654.3			108.1			(148.8		)	762.5
	Long-term debt	2,040.60			5.7			46.9			—			2,093.20
	Intercompany borrowings	—			1,312.20			147.5			(1,459.7		)	—
	Other long-term liabilities	321.6			445.3			37.9			—			804.8
	Total Reliance shareholders’ equity	4,044.30			4,433.30			431.2			(4,864.5		)	4,044.30
	Noncontrolling interests	—			6.5			3.4			—			9.9
	Total equity	4,044.30			4,439.80			434.6			(4,864.5		)	4,054.20
	Total liabilities and equity	$	6,555.40		$	6,857.30		$	775		$	(6,473.0	)	$	7,714.70
	Condensed Unaudited Consolidating Balance Sheet
	As of December 31, 2013
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Assets
	Cash and cash equivalents	$	19.7		$	(0.8	)	$	64.7		$	—		$	83.6
	Accounts receivable, less allowance for doubtful accounts	64.1			820.3			99.1			—			983.5
	Inventories	52.6			1,344.80			142.6			—			1,540.00
	Income taxes receivable	34.4			—			—			(0.5		)	33.9
	Intercompany receivables	0.3			350.6			2.2			(353.1		)	—
	Other current assets	124.8			40.8			8.9			(76.6		)	97.9
	Total current assets	295.9			2,555.70			317.5			(430.2		)	2,738.90
	Investments in subsidiaries	4,647.70			312.4			—			(4,960.1		)	—
	Property, plant and equipment, net	100.8			1,298.70			204.4			—			1,603.90
	Goodwill	23.8			1,555.70			112.1			—			1,691.60
	Intangible assets, net	17.4			1,077.80			118.6			—			1,213.80
	Intercompany receivables	1,219.40			22.4			394.3			(1,636.1		)	—
	Other assets	20.8			66.6			5.4			—			92.8
	Total assets	$	6,325.80		$	6,889.30		$	1,152.30		$	(7,026.4	)	$	7,341.00
	Liabilities & Equity
	Accounts payable	$	29.1		$	185.8		$	418.5		$	(353.1	)	$	280.3
	Accrued compensation and retirement costs	21.1			85.9			12.5			—			119.5
	Other current liabilities	53.5			63.1			22.4			(1.9		)	137.1
	Deferred income taxes	—			75.2			—			(75.2		)	—
Current maturities of long-term debt and short-term borrowings	25.3			—			11.2			—			36.5
Total current liabilities	129			410			464.6			(430.2		)	573.4
Long-term debt	2,019.20			5.7			47.6			—			2,072.50
Intercompany borrowings	—			1,550.60			85.5			(1,636.1		)	—
Other long-term liabilities	303			466.5			41.2			—			810.7
Total Reliance shareholders’ equity	3,874.60			4,450.10			510			(4,960.1		)	3,874.60
Noncontrolling interests	—			6.4			3.4			—			9.8
Total equity	3,874.60			4,456.50			513.4			(4,960.1		)	3,884.40
Total liabilities and equity	$	6,325.80		$	6,889.30		$	1,152.30		$	(7,026.4	)	$	7,341.00
Condensed Unaudited Consolidating Statement of Income
For the three months ended June 30, 2014
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Net sales	$	191.8		$	2,311.40		$	173.6		$	(60.0	)	$	2,616.80
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	136			1,738.60			128.9			(60.0		)	1,943.50
Warehouse, delivery, selling, general and administrative	42.6			387.6			31.1			(16.4		)	444.9
Depreciation and amortization	5			42.9			4.8			—			52.7
	183.6			2,169.10			164.8			(76.4		)	2,441.10
Operating income	8.2			142.3			8.8			16.4			175.7
Other income (expense):
Interest	(19.3		)	(7.6		)	(1.3		)	8			(20.2		)
Other income (expense), net	23.1			0.4			(0.4		)	(24.4		)	(1.3		)
Income before equity in earnings of subsidiaries and income taxes	12			135.1			7.1			—			154.2
Equity in earnings of subsidiaries	76.5			3.8			—			(80.3		)	—
Income before income taxes	88.5			138.9			7.1			(80.3		)	154.2
Income tax (benefit) provision	(8.0		)	61.4			3			—			56.4
Net income	96.5			77.5			4.1			(80.3		)	97.8
Less: Net income attributable to noncontrolling interests	—			1.2			0.1			—			1.3
Net income attributable to Reliance	$	96.5		$	76.3		$	4		$	(80.3	)	$	96.5
Comprehensive income attributable to Reliance	$	97.2		$	76.3		$	17.5		$	(80.3	)	$	110.7
Condensed Unaudited Consolidating Statement of Income
For the three months ended June 30, 2013
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Net sales	$	183.6		$	2,139.20		$	177.5		$	(52.0	)	$	2,448.30
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	129.3			1,617.60			131.8			(52.0		)	1,826.70
Warehouse, delivery, selling, general and administrative	58.6			349.8			31.4			(13.8		)	426
Depreciation and amortization	5.1			40.9			4.1			—			50.1
	193			2,008.30			167.3			(65.8		)	2,302.80
Operating (loss) income	(9.4		)	130.9			10.2			13.8			145.5
Other income (expense):
Interest	(21.2		)	(4.9		)	(0.8		)	4.8			(22.1		)
Other income (expense), net	18.5			(0.2		)	(0.3		)	(18.6		)	(0.6		)
(Loss) income before equity in earnings of subsidiaries and income taxes	(12.1		)	125.8			9.1			—			122.8
Equity in earnings of subsidiaries	82.1			3.2			—			(85.3		)	—
Income before income taxes	70			129			9.1			(85.3		)	122.8
Income tax (benefit) provision	(11.0		)	49.5			2.4			—			40.9
Net income	81			79.5			6.7			(85.3		)	81.9
Less: Net income attributable to noncontrolling interests	—			0.8			0.1			—			0.9
Net income attributable to Reliance	$	81		$	78.7		$	6.6		$	(85.3	)	$	81
Comprehensive income (loss) attributable to Reliance	$	81		$	78.7		$	(3.2	)	$	(85.3	)	$	71.2
Condensed Unaudited Consolidating Statement of Income
For the six months ended June 30, 2014
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Net sales	$	374.2		$	4,556.30		$	361.2		$	(121.9	)	$	5,169.80
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	282.1			3,417.20			271.9			(121.9		)	3,849.30
Warehouse, delivery, selling, general and administrative	87.7			768.7			62.3			(32.8		)	885.9
Depreciation and amortization	9.5			85.8			9.3			—			104.6
	379.3			4,271.70			343.5			(154.7		)	4,839.80
Operating (loss) income	(5.1		)	284.6			17.7			32.8			330
Other income (expense):
Interest	(38.5		)	(13.8		)	(2.5		)	14.4			(40.4		)
Other income, net	43.6			0.2			2.1			(47.2		)	(1.3		)
Income before equity in earnings of subsidiaries and income taxes	—			271			17.3			—			288.3
Equity in earnings of subsidiaries	161.2			6.6			—			(167.8		)	—
Income before income taxes	161.2			277.6			17.3			(167.8		)	288.3
Income tax (benefit) provision	(22.5		)	118.2			6.9			—			102.6
Net income	183.7			159.4			10.4			(167.8		)	185.7
Less: Net income attributable to noncontrolling interests	—			1.9			0.1			—			2
Net income attributable to Reliance	$	183.7		$	157.5		$	10.3		$	(167.8	)	$	183.7
Comprehensive income attributable to Reliance	$	184.6		$	157.6		$	14.7		$	(167.8	)	$	189.1
Condensed Unaudited Consolidating Statement of Income
For the six months ended June 30, 2013
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Net sales	$	363		$	3,877.90		$	341.2		$	(108.5	)	$	4,473.60
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	267.4			2,909.00			255.3			(108.5		)	3,323.20
Warehouse, delivery, selling, general and administrative	109.5			649.4			54.7			(29.9		)	783.7
Depreciation and amortization	9.1			74.5			7.6			—			91.2
	386			3,632.90			317.6			(138.4		)	4,198.10
Operating (loss) income	(23.0		)	245			23.6			29.9			275.5
Other income (expense):
Interest	(34.3		)	(7.4		)	(1.3		)	7.8			(35.2		)
Other income (expense), net	36.8			3.7			(0.5		)	(37.7		)	2.3
(Loss) income before equity in earnings of subsidiaries and income taxes	(20.5		)	241.3			21.8			—			242.6
Equity in earnings of subsidiaries	164.7			8			—			(172.7		)	—
Income before income taxes	144.2			249.3			21.8			(172.7		)	242.6
Income tax (benefit) provision	(20.5		)	91.7			5			—			76.2
Net income	164.7			157.6			16.8			(172.7		)	166.4
Less: Net income attributable to noncontrolling interests	—			1.6			0.1			—			1.7
Net income attributable to Reliance	$	164.7		$	156		$	16.7		$	(172.7	)	$	164.7
Comprehensive income (loss) attributable to Reliance	$	163.2		$	156.2		$	(1.7	)	$	(172.7	)	$	145
Condensed Unaudited Consolidating Cash Flow Statement
For the six months ended June 30, 2014
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Cash provided by (used in) operating activities	$	167.8		$	(63.2	)	$	4.9		$	—		$	109.5
Investing activities:
Purchases of property, plant and equipment	(10.4		)	(72.7		)	(3.8		)	—			(86.9		)
Net advances to subsidiaries	(123.0		)	—			—			123			—
Other investing activities, net	0.1			(9.1		)	26.2			—			17.2
Cash (used in) provided by investing activities	(133.3		)	(81.8		)	22.4			123			(69.7		)
Financing activities:
Net short-term debt repayments	—			—			(3.6		)	—			(3.6		)
Proceeds from long-term debt borrowings	297			—			—			—			297
Principal payments on long-term debt	(269.5		)	(0.8		)	—			—			(270.3		)
Dividends paid	(54.4		)	—			—			—			(54.4		)
Net intercompany borrowings (repayments)	—			137.5			(14.5		)	(123.0		)	—
Other financing activities, net	22.1			(1.9		)	—			—			20.2
Cash (used in) provided by financing activities	(4.8		)	134.8			(18.1		)	(123.0		)	(11.1		)
Effect of exchange rate changes on cash and cash equivalents	—			—			1.2			—			1.2
Increase (decrease) in cash and cash equivalents	29.7			(10.2		)	10.4			—			29.9
Cash and cash equivalents at beginning of year	19.7			(0.8		)	64.7			—			83.6
Cash and cash equivalents at end of period	$	49.4		$	(11.0	)	$	75.1		$	—		$	113.5
Condensed Unaudited Consolidating Cash Flow Statement
For the six months ended June 30, 2013
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Cash provided by operating activities	$	94.8		$	186.4		$	2.7		$	—		$	283.9
Investing activities:
Purchases of property, plant and equipment	(6.2		)	(62.6		)	(5.5		)	—			(74.3		)
Acquisitions, net of cash acquired	(794.7		)	—			—			—			(794.7		)
Net advances to subsidiaries	(326.9		)	—			—			326.9			—
Other investing activities, net	0.1			8.3			0.1			—			8.5
Cash used in investing activities	(1,127.7		)	(54.3		)	(5.4		)	326.9			(860.5		)
Financing activities:
Net short-term debt (repayments) borrowings	—			(473.8		)	4.5			—			(469.3		)
Proceeds from long-term debt borrowings	2,257.90			—			—			—			2,257.90
Principal (payments) borrowings on long-term debt	(1,191.2		)	(0.5		)	0.1			—			(1,191.6		)
Dividends paid	(46.0		)	—			—			—			(46.0		)
Net intercompany borrowings	—			322.7			4.2			(326.9		)	—
Other financing activities, net	31.8			(1.4		)	—			—			30.4
Cash provided by (used in) financing activities	1,052.50			(153.0		)	8.8			(326.9		)	581.4
Effect of exchange rate changes on cash and cash equivalents	—			—			(1.6		)	—			(1.6		)
Increase (decrease) in cash and cash equivalents	19.6			(20.9		)	4.5			—			3.2
Cash and cash equivalents at beginning of year	28.1			13.1			56.4			—			97.6
Cash and cash equivalents at end of period	$	47.7		$	(7.8	)	$	60.9		$	—		$	100.8

Acquisitions_Tables

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2014
Acquisitions	'
Schedule of Metals USA pro forma information	'
		Three Months Ended		Six Months Ended
		June 30, 2013		June 30, 2013
		(in millions, except		(in millions, except
		per share amounts)		per share amounts)
	Pro forma:
	Net sales	$	2,519.20	$	5,003.60
	Net income attributable to Reliance	$	83	$	172
	Diluted earnings per common share attributable to Reliance shareholders	$	1.07	$	2.23
	Basic earnings per common share attributable to Reliance shareholders	$	1.08	$	2.25
Metals USA	'
Acquisitions	'
Schedule of allocation of the purchase price of acquisition to the fair value of the assets acquired and liabilities assumed	'
		(in millions)
	Cash	$	3.2
	Accounts receivable	206
	Inventories	379.5
	Property, plant and equipment	242.6
	Goodwill	382.7
	Intangible assets subject to amortization	137.6
	Intangible assets not subject to amortization	203
	Other current and long-term assets	9.1
	Total assets acquired	1,563.70
	Current and long-term debt	486.1
	Deferred taxes	184.4
	Other current and long-term liabilities	126.4
	Total liabilities assumed	796.9
	Net assets acquired	$	766.8

Goodwill_Tables

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2014
Goodwill.	'
Schedule of changes in the carrying amount of goodwill	'
		(in millions)
	Balance at December 31, 2013	$	1,691.60
	Purchase price allocation adjustment	1.2
	Sale of business	(17.1		)
	Effect of foreign currency translation	0.6
	Balance at June 30, 2014	$	1,676.30

Intangible_Assets_net_Tables

Intangible Assets, net (Tables)	6 Months Ended
	Jun. 30, 2014
Intangible Assets, net	'
Summarizes our intangible assets, net	'
				June 30, 2014					December 31, 2013
		Weighted Average		Gross					Gross
		Amortizable		Carrying		Accumulated			Carrying		Accumulated
		Life in Years		Amount		Amortization			Amount		Amortization
				(in millions)
	Intangible assets subject to amortization:
	Covenants not to compete	4	5	$	2.1	$	(1.5	)	$	8	$	(7.3	)
	Loan fees	3	8	41.5		(25.7		)	41.5		(24.1		)
	Customer lists/relationships	14	6	654.8		(225.9		)	654.3		(200.6		)
	Software – internal use	10	0	8.1		(6.7		)	8.1		(6.3		)
	Other	5	2	7.2		(3.5		)	7.4		(2.7		)
				713.7		(263.3		)	719.3		(241.0		)
	Intangible assets not subject to amortization:
	Trade names			735.8		—			735.5		—
				$	1,449.50	$	(263.3	)	$	1,454.80	$	(241.0	)
Summary of estimated aggregate amortization expense	'
		(in millions)
	2014	$	27.6
	2015	53.7
	2016	52.1
	2017	47.6
	2018	41.4
	2019	40.7

Debt_Tables

Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Debt	'
Summary of debt	'
		June 30,			December 31,
		2014			2013
		(in millions)
	Unsecured revolving credit facility due April 4, 2018	$	520		$	480
	Senior unsecured term loan due from September 30, 2014 to April 4, 2018	455			467.5
	Senior unsecured notes due November 15, 2016	350			350
	Senior unsecured notes due April 15, 2023	500			500
	Senior unsecured notes due November 15, 2036	250			250
	Other notes and revolving credit facilities	60.5			64.8
	Total	2,135.50			2,112.30
	Less: unamortized discount	(3.1		)	(3.3		)
	Less: amounts due within one year and short-term borrowings	(39.2		)	(36.5		)
	Total long-term debt	$	2,093.20		$	2,072.50

Equity_Tables

Equity (Tables)	6 Months Ended
	Jun. 30, 2014
Equity	'
Schedule of accumulated other comprehensive loss	'
				Unrealized		Pension and			Accumulated
		Foreign Currency		Gain on		Postretirement			Other
		Translation		Investments,		Benefit Adjustments,			Comprehensive
		Gain		Net of Tax		Net of Tax			Loss
		(in millions)
	Balance as of December 31, 2013	$	3.2	$	0.2	$	(10.1	)	$	(6.7	)
	Current-period change	5.3		0.1		—			5.4
	Balance as of June 30, 2014	$	8.5	$	0.3	$	(10.1	)	$	(1.3	)

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share	'
Computation of basic and diluted earnings per share	'
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
		(in millions, except share and per share amounts)
	Numerator:
	Net income attributable to Reliance	$	96.5	$	81	$	183.7	$	164.7
	Denominator:
	Denominator for basic earnings per share:
	Weighted average shares	77,735,301		76,695,598		77,621,983		76,497,454
	Effect of dilutive securities:
	Stock options, restricted stock, and RSUs	1,042,451		773,519		946,439		778,557
	Denominator for dilutive earnings per share:
	Adjusted weighted average shares and assumed conversions	78,777,752		77,469,117		78,568,422		77,276,011
	Net income per share attributable to Reliance shareholders – diluted	$	1.22	$	1.05	$	2.34	$	2.13
	Net income per share attributable to Reliance shareholders – basic	$	1.24	$	1.06	$	2.37	$	2.15

Condensed_Consolidating_Financ1

Condensed Consolidating Financial Statements (Tables)	6 Months Ended
	Jun. 30, 2014
Condensed Consolidating Financial Statements	'
Schedule of Condensed Consolidating Balance Sheet	'
	As of June 30, 2014
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Assets
	Cash and cash equivalents	$	49.4		$	(11.0	)	$	75.1		$	—		$	113.5
	Accounts receivable, less allowance for doubtful accounts	79.7			992.9			96.6			—			1,169.20
	Inventories	64.9			1,549.50			155.5			—			1,769.90
	Income taxes receivable	52.2			—			—			(52.2		)	—
	Intercompany receivables	0.6			17.7			1.4			(19.7		)	—
	Other current assets	115			50.1			14.6			(76.9		)	102.8
	Total current assets	361.8			2,599.20			343.2			(148.8		)	3,155.40
	Investments in subsidiaries	4,645.30			219.2			—			(4,864.5		)	—
	Property, plant and equipment, net	103.9			1,306.50			197.4			—			1,607.80
	Goodwill	23.8			1,549.80			102.7			—			1,676.30
	Intangible assets, net	33			1,037.00			116.2			—			1,186.20
	Intercompany receivables	1,365.00			84.5			10.2			(1,459.7		)	—
	Other assets	22.6			61.1			5.3			—			89
	Total assets	$	6,555.40		$	6,857.30		$	775		$	(6,473.0	)	$	7,714.70
	Liabilities & Equity
	Accounts payable	$	40.4		$	414.6		$	22.5		$	(19.7	)	$	457.8
	Accrued compensation and retirement costs	13.3			81.9			9.8			—			105
	Other current liabilities	63.7			82.6			68.1			(53.9		)	160.5
	Deferred income taxes	—			75.2			—			(75.2		)	—
	Current maturities of long-term debt and short-term borrowings	31.5			—			7.7			—			39.2
	Total current liabilities	148.9			654.3			108.1			(148.8		)	762.5
	Long-term debt	2,040.60			5.7			46.9			—			2,093.20
	Intercompany borrowings	—			1,312.20			147.5			(1,459.7		)	—
	Other long-term liabilities	321.6			445.3			37.9			—			804.8
	Total Reliance shareholders’ equity	4,044.30			4,433.30			431.2			(4,864.5		)	4,044.30
	Noncontrolling interests	—			6.5			3.4			—			9.9
	Total equity	4,044.30			4,439.80			434.6			(4,864.5		)	4,054.20
	Total liabilities and equity	$	6,555.40		$	6,857.30		$	775		$	(6,473.0	)	$	7,714.70
	As of December 31, 2013
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Assets
	Cash and cash equivalents	$	19.7		$	(0.8	)	$	64.7		$	—		$	83.6
	Accounts receivable, less allowance for doubtful accounts	64.1			820.3			99.1			—			983.5
	Inventories	52.6			1,344.80			142.6			—			1,540.00
	Income taxes receivable	34.4			—			—			(0.5		)	33.9
	Intercompany receivables	0.3			350.6			2.2			(353.1		)	—
	Other current assets	124.8			40.8			8.9			(76.6		)	97.9
	Total current assets	295.9			2,555.70			317.5			(430.2		)	2,738.90
	Investments in subsidiaries	4,647.70			312.4			—			(4,960.1		)	—
	Property, plant and equipment, net	100.8			1,298.70			204.4			—			1,603.90
	Goodwill	23.8			1,555.70			112.1			—			1,691.60
	Intangible assets, net	17.4			1,077.80			118.6			—			1,213.80
	Intercompany receivables	1,219.40			22.4			394.3			(1,636.1		)	—
	Other assets	20.8			66.6			5.4			—			92.8
	Total assets	$	6,325.80		$	6,889.30		$	1,152.30		$	(7,026.4	)	$	7,341.00
	Liabilities & Equity
	Accounts payable	$	29.1		$	185.8		$	418.5		$	(353.1	)	$	280.3
	Accrued compensation and retirement costs	21.1			85.9			12.5			—			119.5
	Other current liabilities	53.5			63.1			22.4			(1.9		)	137.1
	Deferred income taxes	—			75.2			—			(75.2		)	—
	Current maturities of long-term debt and short-term borrowings	25.3			—			11.2			—			36.5
	Total current liabilities	129			410			464.6			(430.2		)	573.4
	Long-term debt	2,019.20			5.7			47.6			—			2,072.50
	Intercompany borrowings	—			1,550.60			85.5			(1,636.1		)	—
Other long-term liabilities	303			466.5			41.2			—			810.7
Total Reliance shareholders’ equity	3,874.60			4,450.10			510			(4,960.1		)	3,874.60
Noncontrolling interests	—			6.4			3.4			—			9.8
Total equity	3,874.60			4,456.50			513.4			(4,960.1		)	3,884.40
Total liabilities and equity	$	6,325.80		$	6,889.30		$	1,152.30		$	(7,026.4	)	$	7,341.00
Schedule of Condensed Consolidating Statement of Income	'
	For the three months ended June 30, 2014
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Net sales	$	191.8		$	2,311.40		$	173.6		$	(60.0	)	$	2,616.80
	Costs and expenses:
	Cost of sales (exclusive of depreciation and amortization shown below)	136			1,738.60			128.9			(60.0		)	1,943.50
	Warehouse, delivery, selling, general and administrative	42.6			387.6			31.1			(16.4		)	444.9
	Depreciation and amortization	5			42.9			4.8			—			52.7
		183.6			2,169.10			164.8			(76.4		)	2,441.10
	Operating income	8.2			142.3			8.8			16.4			175.7
	Other income (expense):
	Interest	(19.3		)	(7.6		)	(1.3		)	8			(20.2		)
	Other income (expense), net	23.1			0.4			(0.4		)	(24.4		)	(1.3		)
	Income before equity in earnings of subsidiaries and income taxes	12			135.1			7.1			—			154.2
	Equity in earnings of subsidiaries	76.5			3.8			—			(80.3		)	—
	Income before income taxes	88.5			138.9			7.1			(80.3		)	154.2
	Income tax (benefit) provision	(8.0		)	61.4			3			—			56.4
	Net income	96.5			77.5			4.1			(80.3		)	97.8
	Less: Net income attributable to noncontrolling interests	—			1.2			0.1			—			1.3
	Net income attributable to Reliance	$	96.5		$	76.3		$	4		$	(80.3	)	$	96.5
	Comprehensive income attributable to Reliance	$	97.2		$	76.3		$	17.5		$	(80.3	)	$	110.7
	For the three months ended June 30, 2013
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Net sales	$	183.6		$	2,139.20		$	177.5		$	(52.0	)	$	2,448.30
	Costs and expenses:
	Cost of sales (exclusive of depreciation and amortization shown below)	129.3			1,617.60			131.8			(52.0		)	1,826.70
	Warehouse, delivery, selling, general and administrative	58.6			349.8			31.4			(13.8		)	426
	Depreciation and amortization	5.1			40.9			4.1			—			50.1
		193			2,008.30			167.3			(65.8		)	2,302.80
	Operating (loss) income	(9.4		)	130.9			10.2			13.8			145.5
	Other income (expense):
	Interest	(21.2		)	(4.9		)	(0.8		)	4.8			(22.1		)
	Other income (expense), net	18.5			(0.2		)	(0.3		)	(18.6		)	(0.6		)
	(Loss) income before equity in earnings of subsidiaries and income taxes	(12.1		)	125.8			9.1			—			122.8
	Equity in earnings of subsidiaries	82.1			3.2			—			(85.3		)	—
	Income before income taxes	70			129			9.1			(85.3		)	122.8
	Income tax (benefit) provision	(11.0		)	49.5			2.4			—			40.9
	Net income	81			79.5			6.7			(85.3		)	81.9
	Less: Net income attributable to noncontrolling interests	—			0.8			0.1			—			0.9
	Net income attributable to Reliance	$	81		$	78.7		$	6.6		$	(85.3	)	$	81
	Comprehensive income (loss) attributable to Reliance	$	81		$	78.7		$	(3.2	)	$	(85.3	)	$	71.2
	For the six months ended June 30, 2014
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Net sales	$	374.2		$	4,556.30		$	361.2		$	(121.9	)	$	5,169.80
	Costs and expenses:
	Cost of sales (exclusive of depreciation and amortization shown below)	282.1			3,417.20			271.9			(121.9		)	3,849.30
	Warehouse, delivery, selling, general and administrative	87.7			768.7			62.3			(32.8		)	885.9
	Depreciation and amortization	9.5			85.8			9.3			—			104.6
		379.3			4,271.70			343.5			(154.7		)	4,839.80
	Operating (loss) income	(5.1		)	284.6			17.7			32.8			330
	Other income (expense):
	Interest	(38.5		)	(13.8		)	(2.5		)	14.4			(40.4		)
	Other income, net	43.6			0.2			2.1			(47.2		)	(1.3		)
	Income before equity in earnings of subsidiaries and income taxes	—			271			17.3			—			288.3
	Equity in earnings of subsidiaries	161.2			6.6			—			(167.8		)	—
Income before income taxes	161.2			277.6			17.3			(167.8		)	288.3
Income tax (benefit) provision	(22.5		)	118.2			6.9			—			102.6
Net income	183.7			159.4			10.4			(167.8		)	185.7
Less: Net income attributable to noncontrolling interests	—			1.9			0.1			—			2
Net income attributable to Reliance	$	183.7		$	157.5		$	10.3		$	(167.8	)	$	183.7
Comprehensive income attributable to Reliance	$	184.6		$	157.6		$	14.7		$	(167.8	)	$	189.1
For the six months ended June 30, 2013
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Net sales	$	363		$	3,877.90		$	341.2		$	(108.5	)	$	4,473.60
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	267.4			2,909.00			255.3			(108.5		)	3,323.20
Warehouse, delivery, selling, general and administrative	109.5			649.4			54.7			(29.9		)	783.7
Depreciation and amortization	9.1			74.5			7.6			—			91.2
	386			3,632.90			317.6			(138.4		)	4,198.10
Operating (loss) income	(23.0		)	245			23.6			29.9			275.5
Other income (expense):
Interest	(34.3		)	(7.4		)	(1.3		)	7.8			(35.2		)
Other income (expense), net	36.8			3.7			(0.5		)	(37.7		)	2.3
(Loss) income before equity in earnings of subsidiaries and income taxes	(20.5		)	241.3			21.8			—			242.6
Equity in earnings of subsidiaries	164.7			8			—			(172.7		)	—
Income before income taxes	144.2			249.3			21.8			(172.7		)	242.6
Income tax (benefit) provision	(20.5		)	91.7			5			—			76.2
Net income	164.7			157.6			16.8			(172.7		)	166.4
Less: Net income attributable to noncontrolling interests	—			1.6			0.1			—			1.7
Net income attributable to Reliance	$	164.7		$	156		$	16.7		$	(172.7	)	$	164.7
Comprehensive income (loss) attributable to Reliance	$	163.2		$	156.2		$	(1.7	)	$	(172.7	)	$	145
Schedule of Condensed Consolidating Cash Flow Statement	'
	For the six months ended June 30, 2014
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Cash provided by (used in) operating activities	$	167.8		$	(63.2	)	$	4.9		$	—		$	109.5
	Investing activities:
	Purchases of property, plant and equipment	(10.4		)	(72.7		)	(3.8		)	—			(86.9		)
	Net advances to subsidiaries	(123.0		)	—			—			123			—
	Other investing activities, net	0.1			(9.1		)	26.2			—			17.2
	Cash (used in) provided by investing activities	(133.3		)	(81.8		)	22.4			123			(69.7		)
	Financing activities:
	Net short-term debt repayments	—			—			(3.6		)	—			(3.6		)
	Proceeds from long-term debt borrowings	297			—			—			—			297
	Principal payments on long-term debt	(269.5		)	(0.8		)	—			—			(270.3		)
	Dividends paid	(54.4		)	—			—			—			(54.4		)
	Net intercompany borrowings (repayments)	—			137.5			(14.5		)	(123.0		)	—
	Other financing activities, net	22.1			(1.9		)	—			—			20.2
	Cash (used in) provided by financing activities	(4.8		)	134.8			(18.1		)	(123.0		)	(11.1		)
	Effect of exchange rate changes on cash and cash equivalents	—			—			1.2			—			1.2
	Increase (decrease) in cash and cash equivalents	29.7			(10.2		)	10.4			—			29.9
	Cash and cash equivalents at beginning of year	19.7			(0.8		)	64.7			—			83.6
	Cash and cash equivalents at end of period	$	49.4		$	(11.0	)	$	75.1		$	—		$	113.5
	For the six months ended June 30, 2013
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Cash provided by operating activities	$	94.8		$	186.4		$	2.7		$	—		$	283.9
	Investing activities:
	Purchases of property, plant and equipment	(6.2		)	(62.6		)	(5.5		)	—			(74.3		)
	Acquisitions, net of cash acquired	(794.7		)	—			—			—			(794.7		)
	Net advances to subsidiaries	(326.9		)	—			—			326.9			—
	Other investing activities, net	0.1			8.3			0.1			—			8.5
	Cash used in investing activities	(1,127.7		)	(54.3		)	(5.4		)	326.9			(860.5		)
	Financing activities:
	Net short-term debt (repayments) borrowings	—			(473.8		)	4.5			—			(469.3		)
	Proceeds from long-term debt borrowings	2,257.90			—			—			—			2,257.90
	Principal (payments) borrowings on long-term debt	(1,191.2		)	(0.5		)	0.1			—			(1,191.6		)
	Dividends paid	(46.0		)	—			—			—			(46.0		)
	Net intercompany borrowings	—			322.7			4.2			(326.9		)	—
	Other financing activities, net	31.8			(1.4		)	—			—			30.4
	Cash provided by (used in) financing activities	1,052.50			(153.0		)	8.8			(326.9		)	581.4
	Effect of exchange rate changes on cash and cash equivalents	—			—			(1.6		)	—			(1.6		)
	Increase (decrease) in cash and cash equivalents	19.6			(20.9		)	4.5			—			3.2
	Cash and cash equivalents at beginning of year	28.1			13.1			56.4			—			97.6
	Cash and cash equivalents at end of period	$	47.7		$	(7.8	)	$	60.9		$	—		$	100.8

Acquisitions_Details

Acquisitions (Details) (USD $)

3 Months Ended

6 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

9 Months Ended

6 Months Ended

In Millions, except Per Share data, unless otherwise specified

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Apr. 12, 2013

Apr. 12, 2013

Apr. 30, 2013

Apr. 12, 2013

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

16-May-14

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Term loan expiring April 4, 2018

Senior unsecured notes due 2023

Travel Main

Metals USA

Metals USA

Metals USA

Metals USA

Metals USA

Metals USA

Metals USA

Haskins Steel Co., Inc. (Haskins Steel)

item

item

Non-core roofing business

Non-core roofing business

Non-core roofing business

Acquisitions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net sales

$2,616.80

$2,448.30

$5,169.80

$4,473.60

'

'

'

'

'

'

$918.60

'

'

$9.60

$25.40

$15.90

Number of real estate properties of acquired entity which were leased by subsidiaries of reporting entity

'

'

'

'

'

'

'

18

'

'

'

'

'

'

'

'

Total transaction value

'

'

'

'

'

'

'

78.9

1,250

'

'

'

'

'

'

'

Value of debt assumed

'

'

'

'

'

'

'

43.8

486.1

'

'

'

'

'

'

'

Number of service centers acquired

'

'

'

'

'

'

'

'

44

'

'

'

'

'

'

'

Proceeds from sale of business

'

'

26.2

'

'

'

'

'

'

'

'

'

26.2

'

'

'

Pre-tax loss on sale of business

'

'

'

'

'

'

'

'

'

'

'

'

1.1

'

'

'

Purchase price

'

'

'

'

'

'

'

'

766.8

'

'

'

'

'

'

'

Acquired debt not refinanced through proceeds from debt

'

'

'

'

'

'

'

'

12.3

'

'

'

'

'

'

'

Face amount of debt, proceeds from which is used to fund transaction

'

'

'

'

'

500

500

'

'

'

'

'

'

'

'

'

Transaction related costs

'

11.4

'

11.4

'

'

'

'

'

'

'

'

'

'

'

'

Allocation of the total purchase price of acquisitions to the fair value of the assets acquired and liabilities assumed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash

'

'

'

'

'

'

'

'

'

'

3.2

'

'

'

'

'

Accounts receivable

'

'

'

'

'

'

'

'

'

'

206

'

'

'

'

'

Inventories

'

'

'

'

'

'

'

'

'

'

379.5

'

'

'

'

'

Property, plant and equipment

'

'

'

'

'

'

'

'

'

'

242.6

'

'

'

'

'

Goodwill

1,676.30

'

1,676.30

'

1,691.60

'

'

'

'

'

382.7

'

'

'

'

'

Intangible assets subject to amortization

'

'

'

'

'

'

'

'

'

'

137.6

'

'

'

'

'

Intangible assets not subject to amortization

'

'

'

'

'

'

'

'

'

'

203

'

'

'

'

'

Other current and long-term assets

'

'

'

'

'

'

'

'

'

'

9.1

'

'

'

'

'

Total assets acquired

'

'

'

'

'

'

'

'

'

'

1,563.70

'

'

'

'

'

Current and long-term debt

'

'

'

'

'

'

'

'

'

'

486.1

'

'

'

'

'

Deferred taxes

'

'

'

'

'

'

'

'

'

'

184.4

'

'

'

'

'

Other current and long-term liabilities

'

'

'

'

'

'

'

'

'

'

126.4

'

'

'

'

'

Total liabilities assumed

'

'

'

'

'

'

'

'

'

'

796.9

'

'

'

'

'

Net assets acquired

'

'

'

'

'

'

'

'

'

'

766.8

'

'

'

'

'

Pro forma financial information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition and related costs

'

'

'

'

'

'

'

'

'

43.5

'

48.7

'

'

'

'

Pro forma:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net sales

'

'

'

'

'

'

'

'

'

2,519.20

'

5,003.60

'

'

'

'

Net income attributable to Reliance

'

'

'

'

'

'

'

'

'

$83

'

$172

'

'

'

'

Diluted earnings per common share attributable to Reliance shareholders (in dollars per share)

'

'

'

'

'

'

'

'

'

$1.07

'

$2.23

'

'

'

'

Basic earnings per common share attributable to Reliance shareholders (in dollars per share)

'

'

'

'

'

'

'

'

'

$1.08

'

$2.25

'

'

'

'

Goodwill_Details

Goodwill (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Change in the carrying amount of goodwill	'
Balance at the beginning of the period	$1,691.60
Purchase price allocation adjustments	1.2
Sale of business	-17.1
Effect of foreign currency translation	0.6
Balance at the end of the period	1,676.30
Accumulated impairment losses	$0

Intangible_Assets_net_Details

Intangible Assets, net (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Intangible assets subject to amortization:	'	'	'
Intangible assets subject to amortization, Gross Carrying Amount	$713.70	'	$719.30
Intangible assets subject to amortization, Accumulated Amortization	-263.3	'	-241
Intangible assets	'	'	'
Intangible assets, Gross Carrying Amount	1,449.50	'	1,454.80
Amortization expense for intangible assets	28.2	26.4	'
Changes in intangible assets due to foreign currency translation losses	0.6	'	'
Summary of estimated aggregated amortization expense for the remaining six months of 2014 and each of the succeeding five years	'	'	'
2014	27.6	'	'
2015	53.7	'	'
2016	52.1	'	'
2017	47.6	'	'
2018	41.4	'	'
2019	40.7	'	'
Trade names	'	'	'
Intangible assets not subject to amortization:	'	'	'
Intangible assets not subject to amortization, Gross Carrying Amount	735.8	'	735.5
Covenants not to compete	'	'	'
Intangible assets subject to amortization:	'	'	'
Intangible assets subject to amortization, Weighted Average Amortizable Life	'4 years 6 months	'	'
Intangible assets subject to amortization, Gross Carrying Amount	2.1	'	8
Intangible assets subject to amortization, Accumulated Amortization	-1.5	'	-7.3
Loan fees	'	'	'
Intangible assets subject to amortization:	'	'	'
Intangible assets subject to amortization, Weighted Average Amortizable Life	'3 years 9 months 18 days	'	'
Intangible assets subject to amortization, Gross Carrying Amount	41.5	'	41.5
Intangible assets subject to amortization, Accumulated Amortization	-25.7	'	-24.1
Customer lists/relationships	'	'	'
Intangible assets subject to amortization:	'	'	'
Intangible assets subject to amortization, Weighted Average Amortizable Life	'14 years 7 months 6 days	'	'
Intangible assets subject to amortization, Gross Carrying Amount	654.8	'	654.3
Intangible assets subject to amortization, Accumulated Amortization	-225.9	'	-200.6
Software - internal use	'	'	'
Intangible assets subject to amortization:	'	'	'
Intangible assets subject to amortization, Weighted Average Amortizable Life	'10 years	'	'
Intangible assets subject to amortization, Gross Carrying Amount	8.1	'	8.1
Intangible assets subject to amortization, Accumulated Amortization	-6.7	'	-6.3
Other	'	'	'
Intangible assets subject to amortization:	'	'	'
Intangible assets subject to amortization, Weighted Average Amortizable Life	'5 years 2 months 12 days	'	'
Intangible assets subject to amortization, Gross Carrying Amount	7.2	'	7.4
Intangible assets subject to amortization, Accumulated Amortization	($3.50)	'	($2.70)

Income_Taxes_Details

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Taxes	'	'	'	'
Effective tax rate (as a percent)	36.60%	33.30%	35.60%	31.40%
U.S. federal statutory rate (as a percent)	'	'	35.00%	'

Debt_Details

Debt (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Debt	'	'
Total	$2,135.50	$2,112.30
Less: unamortized discount	-3.1	-3.3
Less: amounts due within one year and short-term borrowings	-39.2	-36.5
Total long-term debt	2,093.20	2,072.50
Unsecured revolving credit facility due April 4, 2018	'	'
Debt	'	'
Total	520	480
Senior unsecured term loan due from September 30, 2014 to April 4, 2018	'	'
Debt	'	'
Total	455	467.5
Senior unsecured notes due November 15, 2016	'	'
Debt	'	'
Total	350	350
Senior unsecured notes due April 15, 2023	'	'
Debt	'	'
Total	500	500
Senior unsecured notes due November 15, 2036	'	'
Debt	'	'
Total	250	250
Other notes and revolving credit facilities	'	'
Debt	'	'
Total	$60.50	$64.80

Debt_Details_2

Debt (Details 2) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Apr. 04, 2013

Jun. 30, 2014

Dec. 31, 2013

Apr. 04, 2013

Apr. 04, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Nov. 30, 2006

Nov. 30, 2006

Jun. 30, 2014

Dec. 31, 2013

Nov. 30, 2006

Jun. 30, 2014

Dec. 31, 2013

Apr. 12, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Apr. 04, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Third Amended and Restated Credit Agreement

Unsecured credit facility

Unsecured credit facility

Unsecured credit facility

Unsecured credit facility

Unsecured credit facility

Unsecured credit facility

Senior Unsecured Notes - Publicly Traded

Senior unsecured notes due November 20, 2006

Senior unsecured notes due November 15, 2016

Senior unsecured notes due November 15, 2016

Senior unsecured notes due November 15, 2016

Senior unsecured notes due November 15, 2036

Senior unsecured notes due November 15, 2036

Senior unsecured notes due November 15, 2036

Senior unsecured notes due April 15, 2023

Senior unsecured notes due April 15, 2023

Senior unsecured notes due April 15, 2023

Unsecured Revolving Credit Facility and Senior Unsecured Notes

Term loan expiring April 4, 2018

Term loan expiring April 4, 2018

Other separate revolving credit facilities

Other separate revolving credit facilities

IRB

IRB

Mortgage obligations

Mortgage obligations

item

Third Amended and Restated Credit Agreement

LIBOR

Bank prime rate

item

Third Amended and Restated Credit Agreement

Metals USA

Metals USA

Travel Main

Travel Main

Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of banks as lenders

'

'

26

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity of the credit facility

'

'

'

'

'

$1,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$21.80

'

'

'

'

'

Debt outstanding

2,135.50

2,112.30

'

'

'

'

'

'

'

'

'

'

350

350

'

250

250

'

500

500

'

'

'

'

'

11.9

11.9

42.4

43

Annual amortization of term loan through March 2015 (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

Annual amortization of term loan thereafter until March 2018 (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

Increased maximum borrowing capacity under the credit subject to approval of the lenders and certain other conditions

'

'

'

'

'

'

500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Variable interest rate

'

'

'

'

'

'

'

'LIBOR

'Bank prime rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate added to base (as a percent)

'

'

'

'

'

'

'

1.25%

0.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Commitment fee on unused portion of revolving credit facility (as a percent)

'

'

'

0.20%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average fixed interest rate (as a percent)

'

'

'

1.40%

1.41%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Letters of credit outstanding

'

'

'

59.2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional amount of letters of credit available to be issued

'

'

'

190.8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Combined outstanding balances of revolving credit facilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6

9.5

'

'

'

'

Interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

6.20%

'

'

6.85%

'

'

4.50%

'

'

'

'

'

'

'

'

'

6.40%

'

Lump sum payment on maturity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

39.2

'

Issuance of debt

'

'

'

'

'

'

'

'

'

'

$600

$350

'

'

$250

'

'

$500

'

'

'

'

$500

'

'

'

'

'

'

Number of tranches comprising the debt issuance

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of principal amount at which the notes may be required to be repurchased in event of a change of control and a downgrade of the entity's credit rating

'

'

'

'

'

'

'

'

'

101.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership interest in domestic subsidiaries (as a percent)

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

Minimum percentage of consolidated EBITDA required for the entity and subsidiary guarantors

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

80.00%

'

'

'

'

'

'

'

'

Minimum percentage of consolidated tangible assets required for the entity and subsidiary guarantors

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

80.00%

'

'

'

'

'

'

'

'

Equity_Details

Equity (Details) (USD $)	0 Months Ended	3 Months Ended		6 Months Ended		0 Months Ended
In Millions, except Share data, unless otherwise specified	Jul. 22, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Mar. 25, 2014	Jun. 30, 2014
						Restricted stock, 2013 grant	Restricted stock, 2013 grant
Equity	'	'	'	'	'	'	'
Issuance of common stock in connection with the exercise of employee stock options (in shares)	'	'	'	449,141	'	'	'
Total proceeds from the exercise of employee stock options	'	'	'	$21.30	$42.40	'	'
Common stock quarterly dividend per share, after increase (in dollars per share)	$0.35	'	'	'	'	'	'
Common stock dividend quarterly declared and paid per share (in dollars per share)	'	$0.35	$0.30	$0.70	$0.60	'	'
Dividends paid	'	'	'	$54.40	$46	'	'
Share-Based Compensation	'	'	'	'	'	'	'
Restricted stock granted (in shares)	'	'	'	'	'	349,380	'
Share of common stock	'	'	'	'	'	1	'
The number of grants made during the period on the basis service and performance criteria other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).	'	'	'	'	'	'	136,162
Fair value of the 2014 RSUs granted (in dollars per share)	'	'	'	'	'	$71.15	'
Share Repurchase Program	'	'	'	'	'	'	'
Remaining number of common stock authorized for repurchase under stock repurchase program (in shares)	'	7,883,033	'	7,883,033	'	'	'
Number of shares repurchased under stock repurchase program	'	'	'	0	0	'	'

Equity_Details_2

Equity (Details 2) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Schedule of accumulated other comprehensive loss	'	'
Balance at the beginning of the period	($6.70)	'
Current-period change	5.4	'
Balance at the end of the period	-1.3	'
Deferred tax assets in accumulated other comprehensive income, unrealized gain on investments	0.1	0.1
Deferred tax assets in accumulated other comprehensive income, pension and postretirement benefit adjustments	6.9	6.9
Foreign Currency Translation Gain	'	'
Schedule of accumulated other comprehensive loss	'	'
Balance at the beginning of the period	3.2	'
Current-period change	5.3	'
Balance at the end of the period	8.5	'
Unrealized Gain on Investments, Net of Tax	'	'
Schedule of accumulated other comprehensive loss	'	'
Balance at the beginning of the period	0.2	'
Current-period change	0.1	'
Balance at the end of the period	0.3	'
Pension and Postretirement Benefit Adjustments, Net of Tax	'	'
Schedule of accumulated other comprehensive loss	'	'
Balance at the beginning of the period	'	-10.1
Balance at the end of the period	($10.10)	($10.10)

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	0 Months Ended		6 Months Ended
In Millions, unless otherwise specified	27-May-14	Apr. 29, 2014	Jun. 30, 2014
			item
Commitments and Contingencies.	'	'	'
Number of co-defendants against whom lawsuit was filed	'	'	4
Number of former employees engaged in anticompetitive activities	'	'	2
Amount of damages awarded to plaintiff	$153.50	$156	'
Amount of damages expected to be trebled under the federal antitrust laws	'	'	52
Reasonable range of potential loss, low end of the range	'	'	10
Reasonable range of potential loss, high end of the range	'	'	$38.40

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:	'	'	'	'
Net income attributable to Reliance (in dollars)	$96.50	$81	$183.70	$164.70
Denominator for basic earnings per share:	'	'	'	'
Weighted average shares	77,735,301	76,695,598	77,621,983	76,497,454
Effect of dilutive securities:	'	'	'	'
Stock options, restricted stock, and RSUs (in shares)	1,042,451	773,519	946,439	778,557
Denominator for diluted earnings per share:	'	'	'	'
Adjusted weighted average shares and assumed conversions	78,777,752	77,469,117	78,568,422	77,276,011
Net income per share attributable to Reliance shareholders - diluted (in dollars per share)	$1.22	$1.05	$2.34	$2.13
Net income per share attributable to Reliance shareholders - basic (in dollars per share)	$1.24	$1.06	$2.37	$2.15
Diluted shares	'	'	'	'
Weighted average shares, respectively, for stock options and RSU's, not included in the diluted calculation due to their anti-dilutive effect	46,255	144,143	31,940	313,912

Condensed_Consolidating_Financ2

Condensed Consolidating Financial Statements (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2012

Apr. 30, 2013

Nov. 30, 2006

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Senior Unsecured Notes - Publicly Traded

Senior Unsecured Notes - Publicly Traded

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Consolidating Adjustments

Consolidating Adjustments

Parent

Parent

Parent

Parent

Guarantor Subsidiaries

Guarantor Subsidiaries

Guarantor Subsidiaries

Guarantor Subsidiaries

Non-Guarantor Subsidiaries

Non-Guarantor Subsidiaries

Non-Guarantor Subsidiaries

Non-Guarantor Subsidiaries

Condensed Consolidating Balance Sheet

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate principal amount

'

'

'

'

$1,100

$1,100

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership interest in domestic subsidiaries (as a percent)

100.00%

'

'

'

100.00%

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash and cash equivalents

113.5

83.6

100.8

97.6

'

'

49.4

19.7

47.7

28.1

-11

-0.8

-7.8

13.1

75.1

64.7

60.9

56.4

'

'

Accounts receivable, less allowance for doubtful accounts

1,169.20

983.5

'

'

'

'

79.7

64.1

'

'

992.9

820.3

'

'

96.6

99.1

'

'

'

'

Inventories

1,769.90

1,540

'

'

'

'

64.9

52.6

'

'

1,549.50

1,344.80

'

'

155.5

142.6

'

'

'

'

Income taxes receivable

'

33.9

'

'

'

'

52.2

34.4

'

'

'

'

'

'

'

'

'

'

-52.2

-0.5

Intercompany receivables

'

'

'

'

'

'

0.6

0.3

'

'

17.7

350.6

'

'

1.4

2.2

'

'

-19.7

-353.1

Other current assets

102.8

97.9

'

'

'

'

115

124.8

'

'

50.1

40.8

'

'

14.6

8.9

'

'

-76.9

-76.6

Total current assets

3,155.40

2,738.90

'

'

'

'

361.8

295.9

'

'

2,599.20

2,555.70

'

'

343.2

317.5

'

'

-148.8

-430.2

Investments in subsidiaries

'

'

'

'

'

'

4,645.30

4,647.70

'

'

219.2

312.4

'

'

'

'

'

'

-4,864.50

-4,960.10

Property, plant and equipment, net

1,607.80

1,603.90

'

'

'

'

103.9

100.8

'

'

1,306.50

1,298.70

'

'

197.4

204.4

'

'

'

'

Goodwill

1,676.30

1,691.60

'

'

'

'

23.8

23.8

'

'

1,549.80

1,555.70

'

'

102.7

112.1

'

'

'

'

Intangible assets, net

1,186.20

1,213.80

'

'

'

'

33

17.4

'

'

1,037

1,077.80

'

'

116.2

118.6

'

'

'

'

Intercompany receivables

'

'

'

'

'

'

1,365

1,219.40

'

'

84.5

22.4

'

'

10.2

394.3

'

'

-1,459.70

-1,636.10

Other assets

89

92.8

'

'

'

'

22.6

20.8

'

'

61.1

66.6

'

'

5.3

5.4

'

'

'

'

Total assets

7,714.70

7,341

'

'

'

'

6,555.40

6,325.80

'

'

6,857.30

6,889.30

'

'

775

1,152.30

'

'

-6,473

-7,026.40

Liabilities & Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accounts payable

457.8

280.3

'

'

'

'

40.4

29.1

'

'

414.6

185.8

'

'

22.5

418.5

'

'

-19.7

-353.1

Accrued compensation and retirement costs

105

119.5

'

'

'

'

13.3

21.1

'

'

81.9

85.9

'

'

9.8

12.5

'

'

'

'

Other current liabilities

160.5

137.1

'

'

'

'

63.7

53.5

'

'

82.6

63.1

'

'

68.1

22.4

'

'

-53.9

-1.9

Deferred income taxes

'

'

'

'

'

'

'

'

'

'

75.2

75.2

'

'

'

'

'

'

-75.2

-75.2

Current maturities of long-term debt and short-term borrowings

39.2

36.5

'

'

'

'

31.5

25.3

'

'

'

'

'

'

7.7

11.2

'

'

'

'

Total current liabilities

762.5

573.4

'

'

'

'

148.9

129

'

'

654.3

410

'

'

108.1

464.6

'

'

-148.8

-430.2

Long-term debt

2,093.20

2,072.50

'

'

'

'

2,040.60

2,019.20

'

'

5.7

5.7

'

'

46.9

47.6

'

'

'

'

Intercompany borrowings

'

'

'

'

'

'

'

'

'

'

1,312.20

1,550.60

'

'

147.5

85.5

'

'

-1,459.70

-1,636.10

Other long-term liabilities

804.8

810.7

'

'

'

'

321.6

303

'

'

445.3

466.5

'

'

37.9

41.2

'

'

'

'

Total Reliance shareholders' equity

4,044.30

3,874.60

'

'

'

'

4,044.30

3,874.60

'

'

4,433.30

4,450.10

'

'

431.2

510

'

'

-4,864.50

-4,960.10

Noncontrolling interests

9.9

9.8

'

'

'

'

'

'

'

'

6.5

6.4

'

'

3.4

3.4

'

'

'

'

Total equity

4,054.20

3,884.40

'

'

'

'

4,044.30

3,874.60

'

'

4,439.80

4,456.50

'

'

434.6

513.4

'

'

-4,864.50

-4,960.10

Total liabilities and equity

$7,714.70

$7,341

'

'

'

'

$6,555.40

$6,325.80

'

'

$6,857.30

$6,889.30

'

'

$775

$1,152.30

'

'

($6,473)

($7,026.40)

Condensed_Consolidating_Financ3

Condensed Consolidating Financial Statements (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Condensed Consolidating Statement of Comprehensive Income	'	'	'	'
Net sales	$2,616.80	$2,448.30	$5,169.80	$4,473.60
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	1,943.50	1,826.70	3,849.30	3,323.20
Warehouse, delivery, selling, general and administrative	444.9	426	885.9	783.7
Depreciation and amortization	52.7	50.1	104.6	91.2
Total costs and expenses	2,441.10	2,302.80	4,839.80	4,198.10
Operating (loss) income	175.7	145.5	330	275.5
Other income (expense):	'	'	'	'
Interest	-20.2	-22.1	-40.4	-35.2
Other (expense) income, net	-1.3	-0.6	-1.3	2.3
(Loss) income before equity in earnings of subsidiaries and income taxes	154.2	122.8	288.3	242.6
Income before income taxes	154.2	122.8	288.3	242.6
Income tax (benefit) provision	56.4	40.9	102.6	76.2
Net income	97.8	81.9	185.7	166.4
Less: Net income attributable to noncontrolling interests	1.3	0.9	2	1.7
Net income attributable to Reliance	96.5	81	183.7	164.7
Comprehensive income attributable to Reliance	110.7	71.2	189.1	145
Reportable legal entities | Parent	'	'	'	'
Condensed Consolidating Statement of Comprehensive Income	'	'	'	'
Net sales	191.8	183.6	374.2	363
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	136	129.3	282.1	267.4
Warehouse, delivery, selling, general and administrative	42.6	58.6	87.7	109.5
Depreciation and amortization	5	5.1	9.5	9.1
Total costs and expenses	183.6	193	379.3	386
Operating (loss) income	8.2	-9.4	-5.1	-23
Other income (expense):	'	'	'	'
Interest	-19.3	-21.2	-38.5	-34.3
Other (expense) income, net	23.1	18.5	43.6	36.8
(Loss) income before equity in earnings of subsidiaries and income taxes	12	-12.1	'	-20.5
Equity in earnings of subsidiaries	76.5	82.1	161.2	164.7
Income before income taxes	88.5	70	161.2	144.2
Income tax (benefit) provision	-8	-11	-22.5	-20.5
Net income	96.5	81	183.7	164.7
Net income attributable to Reliance	96.5	81	183.7	164.7
Comprehensive income attributable to Reliance	97.2	81	184.6	163.2
Reportable legal entities | Guarantor Subsidiaries	'	'	'	'
Condensed Consolidating Statement of Comprehensive Income	'	'	'	'
Net sales	2,311.40	2,139.20	4,556.30	3,877.90
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	1,738.60	1,617.60	3,417.20	2,909
Warehouse, delivery, selling, general and administrative	387.6	349.8	768.7	649.4
Depreciation and amortization	42.9	40.9	85.8	74.5
Total costs and expenses	2,169.10	2,008.30	4,271.70	3,632.90
Operating (loss) income	142.3	130.9	284.6	245
Other income (expense):	'	'	'	'
Interest	-7.6	-4.9	-13.8	-7.4
Other (expense) income, net	0.4	-0.2	0.2	3.7
(Loss) income before equity in earnings of subsidiaries and income taxes	135.1	125.8	271	241.3
Equity in earnings of subsidiaries	3.8	3.2	6.6	8
Income before income taxes	138.9	129	277.6	249.3
Income tax (benefit) provision	61.4	49.5	118.2	91.7
Net income	77.5	79.5	159.4	157.6
Less: Net income attributable to noncontrolling interests	1.2	0.8	1.9	1.6
Net income attributable to Reliance	76.3	78.7	157.5	156
Comprehensive income attributable to Reliance	76.3	78.7	157.6	156.2
Reportable legal entities | Non-Guarantor Subsidiaries	'	'	'	'
Condensed Consolidating Statement of Comprehensive Income	'	'	'	'
Net sales	173.6	177.5	361.2	341.2
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	128.9	131.8	271.9	255.3
Warehouse, delivery, selling, general and administrative	31.1	31.4	62.3	54.7
Depreciation and amortization	4.8	4.1	9.3	7.6
Total costs and expenses	164.8	167.3	343.5	317.6
Operating (loss) income	8.8	10.2	17.7	23.6
Other income (expense):	'	'	'	'
Interest	-1.3	-0.8	-2.5	-1.3
Other (expense) income, net	-0.4	-0.3	2.1	-0.5
(Loss) income before equity in earnings of subsidiaries and income taxes	7.1	9.1	17.3	21.8
Income before income taxes	7.1	9.1	17.3	21.8
Income tax (benefit) provision	3	2.4	6.9	5
Net income	4.1	6.7	10.4	16.8
Less: Net income attributable to noncontrolling interests	0.1	0.1	0.1	0.1
Net income attributable to Reliance	4	6.6	10.3	16.7
Comprehensive income attributable to Reliance	17.5	-3.2	14.7	-1.7
Consolidating Adjustments	'	'	'	'
Condensed Consolidating Statement of Comprehensive Income	'	'	'	'
Net sales	-60	-52	-121.9	-108.5
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	-60	-52	-121.9	-108.5
Warehouse, delivery, selling, general and administrative	-16.4	-13.8	-32.8	-29.9
Total costs and expenses	-76.4	-65.8	-154.7	-138.4
Operating (loss) income	16.4	13.8	32.8	29.9
Other income (expense):	'	'	'	'
Interest	8	4.8	14.4	7.8
Other (expense) income, net	-24.4	-18.6	-47.2	-37.7
Equity in earnings of subsidiaries	-80.3	-85.3	-167.8	-172.7
Income before income taxes	-80.3	-85.3	-167.8	-172.7
Net income	-80.3	-85.3	-167.8	-172.7
Net income attributable to Reliance	-80.3	-85.3	-167.8	-172.7
Comprehensive income attributable to Reliance	($80.30)	($85.30)	($167.80)	($172.70)

Condensed_Consolidating_Financ4

Condensed Consolidating Financial Statements (Details 3) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Condensed Consolidating Cash Flow Statement	'	'
Cash provided by (used in) operating activities	$109.50	$283.90
Investing activities:	'	'
Purchases of property, plant and equipment	-86.9	-74.3
Acquisitions, net of cash acquired	'	-794.7
Other investing activities, net	17.2	8.5
Net cash used in investing activities	-69.7	-860.5
Financing activities:	'	'
Net short-term debt (repayments) borrowings	-3.6	-469.3
Proceeds from long-term debt borrowings	297	2,257.90
Principal (payments) borrowings on long-term debt	-270.3	-1,191.60
Dividends paid	-54.4	-46
Other financing activities, net	20.2	30.4
Net cash (used in) provided by financing activities	-11.1	581.4
Effect of exchange rate changes on cash and cash equivalents	1.2	-1.6
Increase in cash and cash equivalents	29.9	3.2
Cash and cash equivalents at beginning of year	83.6	97.6
Cash and cash equivalents at end of period	113.5	100.8
Reportable legal entities | Parent	'	'
Condensed Consolidating Cash Flow Statement	'	'
Cash provided by (used in) operating activities	167.8	94.8
Investing activities:	'	'
Purchases of property, plant and equipment	-10.4	-6.2
Acquisitions, net of cash acquired	'	-794.7
Net advances to subsidiaries	-123	-326.9
Other investing activities, net	0.1	0.1
Net cash used in investing activities	-133.3	-1,127.70
Financing activities:	'	'
Proceeds from long-term debt borrowings	297	2,257.90
Principal (payments) borrowings on long-term debt	-269.5	-1,191.20
Dividends paid	-54.4	-46
Other financing activities, net	22.1	31.8
Net cash (used in) provided by financing activities	-4.8	1,052.50
Increase in cash and cash equivalents	29.7	19.6
Cash and cash equivalents at beginning of year	19.7	28.1
Cash and cash equivalents at end of period	49.4	47.7
Reportable legal entities | Guarantor Subsidiaries	'	'
Condensed Consolidating Cash Flow Statement	'	'
Cash provided by (used in) operating activities	-63.2	186.4
Investing activities:	'	'
Purchases of property, plant and equipment	-72.7	-62.6
Other investing activities, net	-9.1	8.3
Net cash used in investing activities	-81.8	-54.3
Financing activities:	'	'
Net short-term debt (repayments) borrowings	'	-473.8
Principal (payments) borrowings on long-term debt	-0.8	-0.5
Net intercompany borrowings (repayments)	137.5	322.7
Other financing activities, net	-1.9	-1.4
Net cash (used in) provided by financing activities	134.8	-153
Increase in cash and cash equivalents	-10.2	-20.9
Cash and cash equivalents at beginning of year	-0.8	13.1
Cash and cash equivalents at end of period	-11	-7.8
Reportable legal entities | Non-Guarantor Subsidiaries	'	'
Condensed Consolidating Cash Flow Statement	'	'
Cash provided by (used in) operating activities	4.9	2.7
Investing activities:	'	'
Purchases of property, plant and equipment	-3.8	-5.5
Other investing activities, net	26.2	0.1
Net cash used in investing activities	22.4	-5.4
Financing activities:	'	'
Net short-term debt (repayments) borrowings	-3.6	4.5
Principal (payments) borrowings on long-term debt	'	0.1
Net intercompany borrowings (repayments)	-14.5	4.2
Net cash (used in) provided by financing activities	-18.1	8.8
Effect of exchange rate changes on cash and cash equivalents	1.2	-1.6
Increase in cash and cash equivalents	10.4	4.5
Cash and cash equivalents at beginning of year	64.7	56.4
Cash and cash equivalents at end of period	75.1	60.9
Consolidating Adjustments	'	'
Investing activities:	'	'
Net advances to subsidiaries	123	326.9
Net cash used in investing activities	123	326.9
Financing activities:	'	'
Net intercompany borrowings (repayments)	-123	-326.9
Net cash (used in) provided by financing activities	($123)	($326.90)