Reliance Steel & Aluminum (RS) 10-Q 31 Oct 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 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-Sep-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	'	78,075,651
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$100.70	$83.60
Accounts receivable, less allowance for doubtful accounts of $22.0 at September 30, 2014 and $18.9 at December 31, 2013	1,253.20	983.5
Inventories	1,944.40	1,540
Prepaid expenses and other current assets	57.2	59
Income taxes receivable	'	33.9
Deferred income taxes	38.9	38.9
Total current assets	3,394.40	2,738.90
Property, plant and equipment:	'	'
Land	192.9	191.7
Buildings	967.8	934.6
Machinery and equipment	1,441.30	1,350.30
Accumulated depreciation	-977.1	-872.7
Total property, plant and equipment	1,624.90	1,603.90
Goodwill	1,707.50	1,691.60
Intangible assets, net	1,222.30	1,213.80
Cash surrender value of life insurance policies, net	37.8	45.4
Investments in unconsolidated entities	15.4	14.1
Other assets	32.4	33.3
Total assets	8,034.70	7,341
Current liabilities:	'	'
Accounts payable	475.2	280.3
Accrued expenses	138.1	91.1
Accrued compensation and retirement costs	124.7	119.5
Accrued insurance costs	45.5	46
Current maturities of long-term debt and short-term borrowings	91.7	36.5
Income taxes payable	3	'
Total current liabilities	878.2	573.4
Long-term debt	2,230.30	2,072.50
Long-term retirement costs	82.5	84
Other long-term liabilities	30.1	35.9
Deferred income taxes	694	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 - 78,074,226 at September 30, 2014 and 77,492,017 at December 31, 2013, stated capital	866.3	818.3
Retained earnings	3,261.30	3,063
Accumulated other comprehensive loss	-18.3	-6.7
Total Reliance shareholders' equity	4,109.30	3,874.60
Noncontrolling interests	10.3	9.8
Total equity	4,119.60	3,884.40
Total liabilities and equity	$8,034.70	$7,341

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified
CONSOLIDATED BALANCE SHEETS	'	'
Accounts receivable, allowance for doubtful accounts (in dollars)	$22	$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	78,074,226	77,492,017
Common stock, outstanding shares	78,074,226	77,492,017

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF INCOME	'	'	'	'
Net sales	$2,705.10	$2,443.50	$7,874.90	$6,917.10
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	2,026.90	1,800.50	5,876.20	5,123.70
Warehouse, delivery, selling, general and administrative	472.9	430	1,358.80	1,213.70
Depreciation and amortization	54	49.9	158.6	141.1
Total costs and expenses	2,553.80	2,280.40	7,393.60	6,478.50
Operating income	151.3	163.1	481.3	438.6
Other income (expense):	'	'	'	'
Interest	-20.8	-21.6	-61.2	-56.8
Other (expense) income, net	-0.1	1.2	-1.4	3.5
Income before income taxes	130.4	142.7	418.7	385.3
Income tax provision	33.5	46.7	136.1	122.9
Net income	96.9	96	282.6	262.4
Less: Net income attributable to noncontrolling interests	1.4	0.9	3.4	2.6
Net income attributable to Reliance	$95.50	$95.10	$279.20	$259.80
Earnings per share:	'	'	'	'
Diluted earnings per common share attributable to Reliance shareholders (in dollars per share)	$1.21	$1.22	$3.55	$3.35
Basic earnings per common share attributable to Reliance shareholders (in dollars per share)	$1.23	$1.23	$3.59	$3.39
Cash dividends per share (in dollars per share)	$0.35	$0.33	$1.05	$0.93

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'	'	'
Net income	$96.90	$96	$282.60	$262.40
Other comprehensive (loss) income:	'	'	'	'
Foreign currency translation (loss) gain	-17.1	11	-11.8	-8.9
Unrealized gain on investments, net of tax	0.1	'	0.2	0.2
Total other comprehensive (loss) income	-17	11	-11.6	-8.7
Comprehensive income	79.9	107	271	253.7
Less: comprehensive income attributable to noncontrolling interests	1.4	0.9	3.4	2.6
Comprehensive income attributable to Reliance	$78.50	$106.10	$267.60	$251.10

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities:	'	'
Net income	$282.60	$262.40
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization expense	158.6	141.1
Deferred income tax (benefit) provision	-3.4	1.2
(Gain) loss on sales of property, plant and equipment	-1.2	0.8
Equity in earnings of unconsolidated entities	-2.2	-1.6
Dividends received from unconsolidated entity	0.9	0.6
Share-based compensation expense	20.1	21.3
Other	7.3	-0.4
Changes in operating assets and liabilities:	'	'
Accounts receivable	-213.9	-66.8
Inventories	-333	62.3
Prepaid expenses and other assets	46.1	4
Accounts payable and other liabilities	200.9	88.1
Net cash provided by operating activities	162.8	513
Investing activities:	'	'
Purchases of property, plant and equipment	-134.4	-118.7
Acquisitions, net of cash acquired	-145	-796.8
Proceeds from sale of businesses, net	26.2	7
Other	-8	10.1
Net cash used in investing activities	-261.2	-898.4
Financing activities:	'	'
Net short-term debt borrowings (repayments)	4.3	-470
Proceeds from long-term debt borrowings	535.7	2,297.90
Principal payments on long-term debt	-368.6	-1,414
Debt issuance costs	'	-10.3
Dividends paid	-81.7	-71.4
Exercise of stock options	27.9	61.5
Other	-2.1	-0.9
Net cash provided by financing activities	115.5	392.8
Effect of exchange rate changes on cash	'	-0.1
Increase in cash and cash equivalents	17.1	7.3
Cash and cash equivalents at beginning of year	83.6	97.6
Cash and cash equivalents at end of period	100.7	104.9
Supplemental cash flow information:	'	'
Interest paid during the period	46.4	38.4
Income taxes paid during the period, net	103.7	115.2
Non-cash investing and financing activities:	'	'
Debt assumed in connection with acquisitions	$41.70	$529.90

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 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. GAAP 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 nine months ended September 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	9 Months Ended
	Sep. 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 Financial Accounting Standards Board (“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 nine months ended September 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. The guidance will be effective for fiscal years beginning after December 15, 2016. Early adoption is not permitted. We are evaluating the new standard, but do not expect this standard to have a material impact on our consolidated financial statements.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2014
Acquisitions	'
Acquisitions	'
	3.  Acquisitions
	2014 Acquisitions
	On August 1, 2014, we acquired Aluminium Services UK Limited, the parent holding company of All Metal Services (“AMS”). AMS provides comprehensive materials management solutions to aerospace and defense OEMs and their subcontractors on a global basis, supporting customers in more than 40 countries worldwide. AMS offers a broad range of aerospace metals including aluminum, steel, titanium, nickel alloys and aluminum bronze, offering full or cut to size materials. AMS also offers in-house machining and water-jet cutting for more complex requirements. AMS has eight locations in four countries including China, France, Malaysia, and the United Kingdom. During the three-months ended September 30, 2014 we incurred approximately $0.8 million in transaction related costs, which are included in warehouse, delivery, selling, general and administrative expenses.  Net sales of AMS during the period from August 1, 2014 through September 30, 2014 were $45.1 million.
	On August 1, 2014, we acquired Northern Illinois Steel Supply Co. (“NIS”), a value-added distributor and fabricator of a variety of steel and non-ferrous metal products, primarily structural steel components and parts, located in Channahon, Illinois. Net sales of NIS during the period from August 1, 2014 through September 30, 2014 were $3.5 million.
	The combined transaction value of our 2014 acquisitions was $145.7 million, which included the assumption of $41.7 million of debt. We funded these acquisitions with borrowings on our revolving credit facility and cash on hand.
	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 nine months ended September 30, 2014 were $23.0 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.
	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 nine months ended September 30, 2014 and during the period from April 13, 2013 through September 30, 2013 were $1.36 billion and $828.8 million, respectively. On May 16, 2014, we 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 nine months ended September 30, 2014 and during the period from April 13, 2013 through September 30, 2013 were $9.6 million and $17.1 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 a $500.0 million term loan and $500.0 million senior notes offering, with the balance drawn on our revolving credit facility (see Note 7). During the nine months ended September 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 September 30, 2014, as applicable.   The purchase price allocations for the 2014 acquisitions are preliminary and are pending the completion of certain purchase price adjustments based on tangible and intangible asset valuations and various 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 our last-in, first-out (LIFO) method of inventory valuation upon acquisition. The pro forma summary financial results for the nine months ended September 30, 2013 exclude approximately $48.7 million of acquisition and related costs.
	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.
		Nine Months Ended
		September 30, 2013
		(in millions, except
		per share amounts)
	Pro forma:
	Net sales	$	7,447.10
	Net income attributable to Reliance	$	267.1
	Diluted earnings per common share attributable to Reliance shareholders	$	3.45
	Basic earnings per common share attributable to Reliance shareholders	$	3.48

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2014
Goodwill	'
Goodwill	'
	4.  Goodwill
	The change in the carrying amount of goodwill is as follows:
		(in millions)
	Balance at January 1, 2014	$	1,691.60
	Acquisitions	34.3
	Purchase price allocation adjustments	2.1
	Sale of business	(17.1		)
	Effect of foreign currency translation	(3.4		)
	Balance at September 30, 2014	$	1,707.50
	We had no accumulated impairment losses related to goodwill as of September 30, 2014.

Intangible_Assets_net

Intangible Assets, net	9 Months Ended
	Sep. 30, 2014
Intangible Assets, net	'
Intangible Assets, net	'
	5.  Intangible Assets, net
	Intangible assets, net consisted of the following:
				September 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		$	2.3	$	(1.6	)	$	8	$	(7.3	)
	Loan fees	3.8		41.4		(26.5		)	41.5		(24.1		)
	Customer lists/relationships	14.6		676.7		(237.3		)	654.3		(200.6		)
	Software – internal use	10		8.1		(6.9		)	8.1		(6.3		)
	Other	5.2		7.2		(4.0		)	7.4		(2.7		)
				735.7		(276.3		)	719.3		(241.0		)
	Intangible assets not subject to amortization:
	Trade names			762.9		—			735.5		—
				$	1,498.60	$	(276.3	)	$	1,454.80	$	(241.0	)
	Intangible assets recorded in connection with our 2014 acquisitions were $54.8 million as of September 30, 2014 (see Note 3). A total of $29.2 million was allocated to the trade names acquired, which is not subject to amortization.
	We recognized amortization expense for intangible assets of $42.3 million and $40.5 million for the nine months ended September 30, 2014 and 2013, respectively. Other changes in intangible assets, net during the nine months ended September 30, 2014 are due to foreign currency translation gains of $4.0 million.
	The following is a summary of estimated aggregate amortization expense for the remaining three months of 2014 and each of the succeeding five years:
		(in millions)
	2014	$	14.2
	2015	55.2
	2016	53.5
	2017	49
	2018	42.9
	2019	42.1

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Taxes	'
Income Taxes	'
	6.  Income Taxes
	Our effective income tax rates for the three-month periods ended September 30, 2014 and 2013 were 25.7% and 32.7%, respectively. Our effective income tax rates for the nine-month periods ended September 30, 2014 and 2013 were 32.5% and 31.9%, respectively. Our 2014 three-month period effective income tax rate was favorably impacted by the resolution of certain tax matters as well as higher deductions for domestic production activities. 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	9 Months Ended
	Sep. 30, 2014
Debt	'
Debt	'
	7.  Debt
	Debt consisted of the following:
		September 30,			December 31,
		2014			2013
		(in millions)
	Unsecured revolving credit facility due April 4, 2018	$	667		$	480
	Unsecured term loan due from December 31, 2014 to April 4, 2018	448.8			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	109.2			64.8
	Total	2,325.00			2,112.30
	Less: unamortized discount	(3.0		)	(3.3		)
	Less: amounts due within one year and short-term borrowings	(91.7		)	(36.5		)
	Total long-term debt	$	2,230.30		$	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 September 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 of revolver borrowings. 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 outstanding borrowings on the revolving credit facility were 1.42% and 1.41% as of September 30, 2014 and December 31, 2013, respectively. As of September 30, 2014, we had $667.0 million of outstanding borrowings, $58.7 million of letters of credit issued and $774.3 million available on the revolving credit facility.
	Senior Unsecured Notes
	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 $86.4 million are in place for operations in Asia and Europe with combined outstanding balances of $52.0 million and $9.5 million as of September 30, 2014 and December 31, 2013, respectively.
	Pursuant to our acquisition of Metals USA, we assumed industrial revenue bonds with combined outstanding balances of $11.6 million and $11.9 million as of September 30, 2014 and December 31, 2013, respectively, that have maturities through 2027. Additionally, we assumed mortgage obligations pursuant to our acquisition of Travel Main, which had outstanding balances of $42.1 million and $43.0 million as of September 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 September 30, 2014.

Equity

Equity	9 Months Ended
	Sep. 30, 2014
Equity	'
Equity	'
	8.  Equity
	Common Stock
	During the three months ended September 30, 2014, we issued 133,068 shares of common stock in connection with the exercise of employee stock options for total proceeds of approximately $6.6 million. During the nine months ended September 30, 2014, we issued 570,379 shares of common stock in connection with the exercise of employee stock options for total proceeds of approximately $27.9 million.
	Dividends
	On October 21, 2014, our Board of Directors declared the 2014 fourth quarter cash dividend of $0.35 per share. The dividend is payable on December 18, 2014 to shareholders of record as of November 11, 2014.
	During the three months ended September 30, 2014, we declared and paid quarterly dividends of $0.35 per share, or $27.3 million in total, compared to quarterly dividends of $0.33 per share, or $25.4 million in total, for the same period in 2013. During the nine months ended September 30, 2014 we declared and paid quarterly dividends of $1.05 per share, or $81.7 million in total, compared to quarterly dividends of $0.93 per share, or $71.4 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 RSU granted in 2014 has a service condition and cliff vests at December 31, 2016, if the recipient remains 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.
	On May 21, 2014, 11,830 shares of restricted stock were automatically granted to the non-employee members of the Board of Directors pursuant to the Directors Equity Plan. The fair value of the restricted stock granted was $70.99, the closing price of our common stock on the grant date.
	Share Repurchase Program
	On October 21, 2014, our Board of Directors extended our share repurchase program to December 31, 2017. From October 27, 2014 through October 30, 2014, the Company repurchased 610,300 shares of our common stock at an average cost of $65.54 per share for approximately $40.0 million through open market purchases. As of October 30, 2014, 7,272,733 shares of common stock remain authorized for repurchase. No shares were repurchased in the nine months ended September 30, 2014 or in 2013. Repurchased shares are restored to the status of 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 (Loss)			Net of Tax		Net of Tax			Loss
		(in millions)
	Balance as of January 1, 2014	$	3.2		$	0.2	$	(10.1	)	$	(6.7	)
	Current-period change	(11.8		)	0.2		—			(11.6		)
	Balance as of September 30, 2014	$	(8.6	)	$	0.4	$	(10.1	)	$	(18.3	)
	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 September 30, 2014 and December 31, 2013.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 Chapel to start their own business and claim that Reliance, Chapel and the co-defendants engaged in anticompetitive activities. The judgment, entered against all defendants jointly and severally, awarded the plaintiff $156.0 million in damages, representing a trebling under federal antitrust laws of the jury verdict of $52.0 million in damages. On May 27, 2014 the judgment was reduced to $153.5 million. On October 20, 2014, the Company and Chapel settled all claims against them relating to this matter for $23.0 million. We had previously recorded a $10.0 million charge for this matter, which represented the low end of our range of estimated potential loss. On October 22, 2014 the Plaintiff filed a Release of Judgment with the United States District Court for the Southern District of Texas releasing the Company and Chapel from any liability under the judgment and the Company and Chapel dismissed their appeal of the judgment by filing a Notice of Dismissal with the United States Court of Appeals for the Fifth Circuit.
	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 certain risks arising out of our ordinary course of business.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 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				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
		(in millions, except share and per share amounts)
	Numerator:
	Net income attributable to Reliance	$	95.5	$	95.1	$	279.2	$	259.8
	Denominator:
	Denominator for basic earnings per share:
	Weighted average shares	77,945,375		77,049,998		77,730,965		76,683,659
	Effect of dilutive securities:
	Stock options, restricted stock, and RSUs	938,806		807,508		943,894		788,207
	Denominator for dilutive earnings per share:
	Adjusted weighted average shares and assumed conversions	78,884,181		77,857,506		78,674,859		77,471,866
	Net income per share attributable to Reliance shareholders – diluted	$	1.21	$	1.22	$	3.55	$	3.35
	Net income per share attributable to Reliance shareholders – basic	$	1.23	$	1.23	$	3.59	$	3.39
	The computations of earnings per share for the three months ended September 30, 2014 and 2013 do not include 11,287 and 134,775 weighted average shares, respectively, primarily for stock options, because their inclusion would have been anti-dilutive.
	The computations of earnings per share for the nine months ended September 30, 2014 and 2013 do not include 25,056 and 254,199 weighted average shares, respectively, primarily for stock options, because their inclusion would have been anti-dilutive.

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2014
Subsequent Event	'
Subsequent Event	'
	11. Subsequent Event
	On October 1, 2014, we acquired an additional interest in our joint venture partnership Acero Prime S. de R.L. de C.V. (“Acero Prime”), which increased our ownership to 51% from 40%. Acero Prime has three locations in Mexico with toll processing operations serving customers mainly in the auto industry. The assets, liabilities, and operating results from October 1, 2014 for Acero Prime will be included in our consolidated results. Net sales of Acero Prime for the nine months ended September 30, 2014 were approximately $23.0 million.

Condensed_Consolidating_Financ

Condensed Consolidating Financial Statements	9 Months Ended
	Sep. 30, 2014
Condensed Consolidating Financial Statements	'
Condensed Consolidating Financial Statements	'
	12.  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 September 30, 2014
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Assets
	Cash and cash equivalents	$	30.4		$	(1.9	)	$	72.2		$	—		$	100.7
	Accounts receivable, less allowance for doubtful accounts	82.7			1,022.50			169.5			(21.5		)	1,253.20
	Inventories	69.4			1,642.50			232.5			—			1,944.40
	Income taxes receivable	47.1			—			—			(47.1		)	—
	Other current assets	115.3			40.9			15.1			(75.2		)	96.1
	Total current assets	344.9			2,704.00			489.3			(143.8		)	3,394.40
	Investments in subsidiaries	4,797.70			201.7			—			(4,999.4		)	—
	Property, plant and equipment, net	103.1			1,318.10			203.7			—			1,624.90
	Goodwill	23.8			1,555.10			128.6			—			1,707.50
	Intangible assets, net	31.7			1,044.80			145.8			—			1,222.30
	Intercompany receivables	1,471.20			84.5			10.1			(1,565.8		)	—
	Other assets	22.3			57.9			5.4			—			85.6
	Total assets	$	6,794.70		$	6,966.10		$	982.9		$	(6,709.0	)	$	8,034.70
	Liabilities & Equity
	Accounts payable	$	41.7		$	397.9		$	57.1		$	(21.5	)	$	475.2
	Accrued compensation and retirement costs	17.6			92.9			14.2			—			124.7
	Other current liabilities	93			60.8			79.9			(47.1		)	186.6
	Deferred income taxes	—			75.2			—			(75.2		)	—
	Current maturities of long-term debt and short-term borrowings	37.5			—			54.2			—			91.7
	Total current liabilities	189.8			626.8			205.4			(143.8		)	878.2
	Long-term debt	2,175.20			5.7			49.4			—			2,230.30
	Intercompany borrowings	—			1,337.90			227.9			(1,565.8		)	—
	Other long-term liabilities	320.4			442.4			43.8			—			806.6
	Total Reliance shareholders’ equity	4,109.30			4,546.60			452.8			(4,999.4		)	4,109.30
	Noncontrolling interests	—			6.7			3.6			—			10.3
	Total equity	4,109.30			4,553.30			456.4			(4,999.4		)	4,119.60
	Total liabilities and equity	$	6,794.70		$	6,966.10		$	982.9		$	(6,709.0	)	$	8,034.70
	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	64.4			1,170.90			101.3			(353.1		)	983.5
	Inventories	52.6			1,344.80			142.6			—			1,540.00
	Income taxes receivable	34.4			—			—			(0.5		)	33.9
	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 September 30, 2014
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Net sales	$	195.5		$	2,338.60		$	231.3		$	(60.3	)	$	2,705.10
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	149.2			1,762.00			176.1			(60.4		)	2,026.90
Warehouse, delivery, selling, general and administrative	59.6			386.5			38.2			(11.4		)	472.9
Depreciation and amortization	5.1			43.6			5.3			—			54
	213.9			2,192.10			219.6			(71.8		)	2,553.80
Operating (loss) income	(18.4		)	146.5			11.7			11.5			151.3
Other income (expense):
Interest	(19.7		)	(7.5		)	(1.7		)	8.1			(20.8		)
Other income (expense), net	16.9			(1.1		)	3.7			(19.6		)	(0.1		)
(Loss) income before equity in earnings of subsidiaries and income taxes	(21.2		)	137.9			13.7			—			130.4
Equity in earnings of subsidiaries	102.4			4.4			—			(106.8		)	—
Income before income taxes	81.2			142.3			13.7			(106.8		)	130.4
Income tax (benefit) provision	(14.3		)	45.1			2.7			—			33.5
Net income	95.5			97.2			11			(106.8		)	96.9
Less: Net income attributable to noncontrolling interests	—			1.4			—			—			1.4
Net income attributable to Reliance	$	95.5		$	95.8		$	11		$	(106.8	)	$	95.5
Comprehensive income (loss) attributable to Reliance	$	90.8		$	95.9		$	(1.4	)	$	(106.8	)	$	78.5
Condensed Unaudited Consolidating Statement of Income
For the Three Months Ended September 30, 2013
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Net sales	$	177.2		$	2,124.80		$	188.3		$	(46.8	)	$	2,443.50
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	133			1,575.80			138.6			(46.9		)	1,800.50
Warehouse, delivery, selling, general and administrative	50.2			360.2			33.3			(13.7		)	430
Depreciation and amortization	4.2			41.4			4.3			—			49.9
	187.4			1,977.40			176.2			(60.6		)	2,280.40
Operating (loss) income	(10.2		)	147.4			12.1			13.8			163.1
Other income (expense):
Interest	(20.6		)	(6.2		)	(1.3		)	6.5			(21.6		)
Other income, net	17.4			1.9			2.2			(20.3		)	1.2
(Loss) income before equity in earnings of subsidiaries and income taxes	(13.4		)	143.1			13			—			142.7
Equity in earnings of subsidiaries	96.8			3.2			—			(100.0		)	—
Income before income taxes	83.4			146.3			13			(100.0		)	142.7
Income tax (benefit) provision	(11.7		)	55.8			2.6			—			46.7
Net income	95.1			90.5			10.4			(100.0		)	96
Less: Net income attributable to noncontrolling interests	—			0.8			0.1			—			0.9
Net income attributable to Reliance	$	95.1		$	89.7		$	10.3		$	(100.0	)	$	95.1
Comprehensive income attributable to Reliance	$	93.6		$	89.7		$	22.8		$	(100.0	)	$	106.1
Condensed Unaudited Consolidating Statement of Income
For the Nine Months Ended September 30, 2014
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Net sales	$	569.7		$	6,894.90		$	592.5		$	(182.2	)	$	7,874.90
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	431.3			5,179.20			448			(182.3		)	5,876.20
Warehouse, delivery, selling, general and administrative	147.3			1,155.20			100.5			(44.2		)	1,358.80
Depreciation and amortization	14.6			129.4			14.6			—			158.6
	593.2			6,463.80			563.1			(226.5		)	7,393.60
Operating (loss) income	(23.5		)	431.1			29.4			44.3			481.3
Other income (expense):
Interest	(58.2		)	(21.3		)	(4.2		)	22.5			(61.2		)
Other income (expense), net	60.5			(0.9		)	5.8			(66.8		)	(1.4		)
(Loss) income before equity in earnings of subsidiaries and income taxes	(21.2		)	408.9			31			—			418.7
Equity in earnings of subsidiaries	263.6			11			—			(274.6		)	—
Income before income taxes	242.4			419.9			31			(274.6		)	418.7
Income tax (benefit) provision	(36.8		)	163.3			9.6			—			136.1
Net income	279.2			256.6			21.4			(274.6		)	282.6
Less: Net income attributable to noncontrolling interests	—			3.3			0.1			—			3.4
Net income attributable to Reliance	$	279.2		$	253.3		$	21.3		$	(274.6	)	$	279.2
Comprehensive income attributable to Reliance	$	275.4		$	253.5		$	13.3		$	(274.6	)	$	267.6
Condensed Unaudited Consolidating Statement of Income
For the Nine Months Ended September 30, 2013
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Net sales	$	540.2		$	6,002.70		$	529.5		$	(155.3	)	$	6,917.10
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	400.4			4,484.80			393.9			(155.4		)	5,123.70
Warehouse, delivery, selling, general and administrative	159.7			1,009.60			88			(43.6		)	1,213.70
Depreciation and amortization	13.3			115.9			11.9			—			141.1
	573.4			5,610.30			493.8			(199.0		)	6,478.50
Operating (loss) income	(33.2		)	392.4			35.7			43.7			438.6
Other income (expense):
Interest	(54.9		)	(13.6		)	(2.6		)	14.3			(56.8		)
Other income, net	54.2			5.6			1.7			(58.0		)	3.5
(Loss) income before equity in earnings of subsidiaries and income taxes	(33.9		)	384.4			34.8			—			385.3
Equity in earnings of subsidiaries	261.5			11.2			—			(272.7		)	—
Income before income taxes	227.6			395.6			34.8			(272.7		)	385.3
Income tax (benefit) provision	(32.2		)	147.5			7.6			—			122.9
Net income	259.8			248.1			27.2			(272.7		)	262.4
Less: Net income attributable to noncontrolling interests	—			2.4			0.2			—			2.6
Net income attributable to Reliance	$	259.8		$	245.7		$	27		$	(272.7	)	$	259.8
Comprehensive income attributable to Reliance	$	259.8		$	245.9		$	18.1		$	(272.7	)	$	251.1
Condensed Unaudited Consolidating Cash Flow Statement
For the Nine Months Ended September 30, 2014
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Cash provided by (used in) operating activities	$	139.2		$	(0.3	)	$	23.9		$	—		$	162.8
Investing activities:
Purchases of property, plant and equipment	(13.5		)	(113.1		)	(7.8		)	—			(134.4		)
Acquisitions, net of cash acquired	—			(32.3		)	(112.7		)	—			(145.0		)
Net advances to subsidiaries	(229.2		)	—			—			229.2			—
Other investing activities, net	(0.7		)	(14.2		)	33.1			—			18.2
Cash used in investing activities	(243.4		)	(159.6		)	(87.4		)	229.2			(261.2		)
Financing activities:
Net short-term debt borrowings	—			—			4.3			—			4.3
Proceeds from long-term debt borrowings	535			—			0.7			—			535.7
Principal payments on long-term debt	(367.1		)	(1.5		)	—			—			(368.6		)
Dividends paid	(81.7		)	—			—			—			(81.7		)
Net intercompany borrowings	—			163.2			66			(229.2		)	—
Other financing activities, net	28.7			(2.9		)	—			—			25.8
Cash provided by financing activities	114.9			158.8			71			(229.2		)	115.5
Effect of exchange rate changes on cash and cash equivalents	—			—			—			—			—
Increase (decrease) in cash and cash equivalents	10.7			(1.1		)	7.5			—			17.1
Cash and cash equivalents at beginning of year	19.7			(0.8		)	64.7			—			83.6
Cash and cash equivalents at end of period	$	30.4		$	(1.9	)	$	72.2		$	—		$	100.7
Condensed Unaudited Consolidating Cash Flow Statement
For the Nine Months Ended September 30, 2013
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Cash provided by operating activities	$	108.6		$	334.1		$	70.3		$	—		$	513
Investing activities:
Purchases of property, plant and equipment	(10.4		)	(99.1		)	(9.2		)	—			(118.7		)
Acquisitions, net of cash acquired	(796.8		)	—			—			—			(796.8		)
Net advances to subsidiaries	(155.9		)	—			—			155.9			—
Other investing activities, net	0.1			9.8			7.2			—			17.1
Cash used in investing activities	(963.0		)	(89.3		)	(2.0		)	155.9			(898.4		)
Financing activities:
Net short-term debt (repayments) borrowings	—			(473.8		)	3.8			—			(470.0		)
Proceeds from long-term debt borrowings	2,297.90			—			—			—			2,297.90
Principal payments on long-term debt	(1,412.8		)	(0.5		)	(0.7		)	—			(1,414.0		)
Dividends paid	(71.4		)	—			—			—			(71.4		)
Net intercompany borrowings (repayments)	—			214.4			(58.5		)	(155.9		)	—
Other financing activities, net	52.1			(1.8		)	—			—			50.3
Cash provided by (used in) financing activities	865.8			(261.7		)	(55.4		)	(155.9		)	392.8
Effect of exchange rate changes on cash and cash equivalents	—			—			(0.1		)	—			(0.1		)
Increase (decrease) in cash and cash equivalents	11.4			(16.9		)	12.8			—			7.3
Cash and cash equivalents at beginning of year	28.1			13.1			56.4			—			97.6
Cash and cash equivalents at end of period	$	39.5		$	(3.8	)	$	69.2		$	—		$	104.9

Acquisitions_Tables

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2014
Acquisitions	'
Schedule of Metals USA pro forma information	'
		Nine Months Ended
		September 30, 2013
		(in millions, except
		per share amounts)
	Pro forma:
	Net sales	$	7,447.10
	Net income attributable to Reliance	$	267.1
	Diluted earnings per common share attributable to Reliance shareholders	$	3.45
	Basic earnings per common share attributable to Reliance shareholders	$	3.48
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)	9 Months Ended
	Sep. 30, 2014
Goodwill	'
Schedule of changes in the carrying amount of goodwill	'
		(in millions)
	Balance at January 1, 2014	$	1,691.60
	Acquisitions	34.3
	Purchase price allocation adjustments	2.1
	Sale of business	(17.1		)
	Effect of foreign currency translation	(3.4		)
	Balance at September 30, 2014	$	1,707.50

Intangible_Assets_net_Tables

Intangible Assets, net (Tables)	9 Months Ended
	Sep. 30, 2014
Intangible Assets, net	'
Summarizes our intangible assets, net	'
				September 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		$	2.3	$	(1.6	)	$	8	$	(7.3	)
	Loan fees	3.8		41.4		(26.5		)	41.5		(24.1		)
	Customer lists/relationships	14.6		676.7		(237.3		)	654.3		(200.6		)
	Software – internal use	10		8.1		(6.9		)	8.1		(6.3		)
	Other	5.2		7.2		(4.0		)	7.4		(2.7		)
				735.7		(276.3		)	719.3		(241.0		)
	Intangible assets not subject to amortization:
	Trade names			762.9		—			735.5		—
				$	1,498.60	$	(276.3	)	$	1,454.80	$	(241.0	)
Summary of estimated aggregate amortization expense	'
		(in millions)
	2014	$	14.2
	2015	55.2
	2016	53.5
	2017	49
	2018	42.9
	2019	42.1

Debt_Tables

Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Debt	'
Summary of debt	'
		September 30,			December 31,
		2014			2013
		(in millions)
	Unsecured revolving credit facility due April 4, 2018	$	667		$	480
	Unsecured term loan due from December 31, 2014 to April 4, 2018	448.8			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	109.2			64.8
	Total	2,325.00			2,112.30
	Less: unamortized discount	(3.0		)	(3.3		)
	Less: amounts due within one year and short-term borrowings	(91.7		)	(36.5		)
	Total long-term debt	$	2,230.30		$	2,072.50

Equity_Tables

Equity (Tables)	9 Months Ended
	Sep. 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 (Loss)			Net of Tax		Net of Tax			Loss
		(in millions)
	Balance as of January 1, 2014	$	3.2		$	0.2	$	(10.1	)	$	(6.7	)
	Current-period change	(11.8		)	0.2		—			(11.6		)
	Balance as of September 30, 2014	$	(8.6	)	$	0.4	$	(10.1	)	$	(18.3	)

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share	'
Computation of basic and diluted earnings per share	'
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
		(in millions, except share and per share amounts)
	Numerator:
	Net income attributable to Reliance	$	95.5	$	95.1	$	279.2	$	259.8
	Denominator:
	Denominator for basic earnings per share:
	Weighted average shares	77,945,375		77,049,998		77,730,965		76,683,659
	Effect of dilutive securities:
	Stock options, restricted stock, and RSUs	938,806		807,508		943,894		788,207
	Denominator for dilutive earnings per share:
	Adjusted weighted average shares and assumed conversions	78,884,181		77,857,506		78,674,859		77,471,866
	Net income per share attributable to Reliance shareholders – diluted	$	1.21	$	1.22	$	3.55	$	3.35
	Net income per share attributable to Reliance shareholders – basic	$	1.23	$	1.23	$	3.59	$	3.39

Condensed_Consolidating_Financ1

Condensed Consolidating Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2014
Condensed Consolidating Financial Statements	'
Schedule of Condensed Consolidating Balance Sheet	'
	As of September 30, 2014
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Assets
	Cash and cash equivalents	$	30.4		$	(1.9	)	$	72.2		$	—		$	100.7
	Accounts receivable, less allowance for doubtful accounts	82.7			1,022.50			169.5			(21.5		)	1,253.20
	Inventories	69.4			1,642.50			232.5			—			1,944.40
	Income taxes receivable	47.1			—			—			(47.1		)	—
	Other current assets	115.3			40.9			15.1			(75.2		)	96.1
	Total current assets	344.9			2,704.00			489.3			(143.8		)	3,394.40
	Investments in subsidiaries	4,797.70			201.7			—			(4,999.4		)	—
	Property, plant and equipment, net	103.1			1,318.10			203.7			—			1,624.90
	Goodwill	23.8			1,555.10			128.6			—			1,707.50
	Intangible assets, net	31.7			1,044.80			145.8			—			1,222.30
	Intercompany receivables	1,471.20			84.5			10.1			(1,565.8		)	—
	Other assets	22.3			57.9			5.4			—			85.6
	Total assets	$	6,794.70		$	6,966.10		$	982.9		$	(6,709.0	)	$	8,034.70
	Liabilities & Equity
	Accounts payable	$	41.7		$	397.9		$	57.1		$	(21.5	)	$	475.2
	Accrued compensation and retirement costs	17.6			92.9			14.2			—			124.7
	Other current liabilities	93			60.8			79.9			(47.1		)	186.6
	Deferred income taxes	—			75.2			—			(75.2		)	—
	Current maturities of long-term debt and short-term borrowings	37.5			—			54.2			—			91.7
	Total current liabilities	189.8			626.8			205.4			(143.8		)	878.2
	Long-term debt	2,175.20			5.7			49.4			—			2,230.30
	Intercompany borrowings	—			1,337.90			227.9			(1,565.8		)	—
	Other long-term liabilities	320.4			442.4			43.8			—			806.6
	Total Reliance shareholders’ equity	4,109.30			4,546.60			452.8			(4,999.4		)	4,109.30
	Noncontrolling interests	—			6.7			3.6			—			10.3
	Total equity	4,109.30			4,553.30			456.4			(4,999.4		)	4,119.60
	Total liabilities and equity	$	6,794.70		$	6,966.10		$	982.9		$	(6,709.0	)	$	8,034.70
	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	64.4			1,170.90			101.3			(353.1		)	983.5
	Inventories	52.6			1,344.80			142.6			—			1,540.00
	Income taxes receivable	34.4			—			—			(0.5		)	33.9
	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 September 30, 2014
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Net sales	$	195.5		$	2,338.60		$	231.3		$	(60.3	)	$	2,705.10
	Costs and expenses:
	Cost of sales (exclusive of depreciation and amortization shown below)	149.2			1,762.00			176.1			(60.4		)	2,026.90
	Warehouse, delivery, selling, general and administrative	59.6			386.5			38.2			(11.4		)	472.9
	Depreciation and amortization	5.1			43.6			5.3			—			54
		213.9			2,192.10			219.6			(71.8		)	2,553.80
	Operating (loss) income	(18.4		)	146.5			11.7			11.5			151.3
	Other income (expense):
	Interest	(19.7		)	(7.5		)	(1.7		)	8.1			(20.8		)
	Other income (expense), net	16.9			(1.1		)	3.7			(19.6		)	(0.1		)
	(Loss) income before equity in earnings of subsidiaries and income taxes	(21.2		)	137.9			13.7			—			130.4
	Equity in earnings of subsidiaries	102.4			4.4			—			(106.8		)	—
	Income before income taxes	81.2			142.3			13.7			(106.8		)	130.4
	Income tax (benefit) provision	(14.3		)	45.1			2.7			—			33.5
	Net income	95.5			97.2			11			(106.8		)	96.9
	Less: Net income attributable to noncontrolling interests	—			1.4			—			—			1.4
	Net income attributable to Reliance	$	95.5		$	95.8		$	11		$	(106.8	)	$	95.5
	Comprehensive income (loss) attributable to Reliance	$	90.8		$	95.9		$	(1.4	)	$	(106.8	)	$	78.5
	For the Three Months Ended September 30, 2013
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Net sales	$	177.2		$	2,124.80		$	188.3		$	(46.8	)	$	2,443.50
	Costs and expenses:
	Cost of sales (exclusive of depreciation and amortization shown below)	133			1,575.80			138.6			(46.9		)	1,800.50
	Warehouse, delivery, selling, general and administrative	50.2			360.2			33.3			(13.7		)	430
	Depreciation and amortization	4.2			41.4			4.3			—			49.9
		187.4			1,977.40			176.2			(60.6		)	2,280.40
	Operating (loss) income	(10.2		)	147.4			12.1			13.8			163.1
	Other income (expense):
	Interest	(20.6		)	(6.2		)	(1.3		)	6.5			(21.6		)
	Other income, net	17.4			1.9			2.2			(20.3		)	1.2
	(Loss) income before equity in earnings of subsidiaries and income taxes	(13.4		)	143.1			13			—			142.7
	Equity in earnings of subsidiaries	96.8			3.2			—			(100.0		)	—
	Income before income taxes	83.4			146.3			13			(100.0		)	142.7
	Income tax (benefit) provision	(11.7		)	55.8			2.6			—			46.7
	Net income	95.1			90.5			10.4			(100.0		)	96
	Less: Net income attributable to noncontrolling interests	—			0.8			0.1			—			0.9
	Net income attributable to Reliance	$	95.1		$	89.7		$	10.3		$	(100.0	)	$	95.1
	Comprehensive income attributable to Reliance	$	93.6		$	89.7		$	22.8		$	(100.0	)	$	106.1
	For the Nine Months Ended September 30, 2014
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Net sales	$	569.7		$	6,894.90		$	592.5		$	(182.2	)	$	7,874.90
	Costs and expenses:
	Cost of sales (exclusive of depreciation and amortization shown below)	431.3			5,179.20			448			(182.3		)	5,876.20
	Warehouse, delivery, selling, general and administrative	147.3			1,155.20			100.5			(44.2		)	1,358.80
	Depreciation and amortization	14.6			129.4			14.6			—			158.6
		593.2			6,463.80			563.1			(226.5		)	7,393.60
	Operating (loss) income	(23.5		)	431.1			29.4			44.3			481.3
	Other income (expense):
	Interest	(58.2		)	(21.3		)	(4.2		)	22.5			(61.2		)
	Other income (expense), net	60.5			(0.9		)	5.8			(66.8		)	(1.4		)
	(Loss) income before equity in earnings of subsidiaries and income taxes	(21.2		)	408.9			31			—			418.7
	Equity in earnings of subsidiaries	263.6			11			—			(274.6		)	—
Income before income taxes	242.4			419.9			31			(274.6		)	418.7
Income tax (benefit) provision	(36.8		)	163.3			9.6			—			136.1
Net income	279.2			256.6			21.4			(274.6		)	282.6
Less: Net income attributable to noncontrolling interests	—			3.3			0.1			—			3.4
Net income attributable to Reliance	$	279.2		$	253.3		$	21.3		$	(274.6	)	$	279.2
Comprehensive income attributable to Reliance	$	275.4		$	253.5		$	13.3		$	(274.6	)	$	267.6
For the Nine Months Ended September 30, 2013
(in millions)
							Non-
				Guarantor			Guarantor			Consolidating
	Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
Net sales	$	540.2		$	6,002.70		$	529.5		$	(155.3	)	$	6,917.10
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	400.4			4,484.80			393.9			(155.4		)	5,123.70
Warehouse, delivery, selling, general and administrative	159.7			1,009.60			88			(43.6		)	1,213.70
Depreciation and amortization	13.3			115.9			11.9			—			141.1
	573.4			5,610.30			493.8			(199.0		)	6,478.50
Operating (loss) income	(33.2		)	392.4			35.7			43.7			438.6
Other income (expense):
Interest	(54.9		)	(13.6		)	(2.6		)	14.3			(56.8		)
Other income, net	54.2			5.6			1.7			(58.0		)	3.5
(Loss) income before equity in earnings of subsidiaries and income taxes	(33.9		)	384.4			34.8			—			385.3
Equity in earnings of subsidiaries	261.5			11.2			—			(272.7		)	—
Income before income taxes	227.6			395.6			34.8			(272.7		)	385.3
Income tax (benefit) provision	(32.2		)	147.5			7.6			—			122.9
Net income	259.8			248.1			27.2			(272.7		)	262.4
Less: Net income attributable to noncontrolling interests	—			2.4			0.2			—			2.6
Net income attributable to Reliance	$	259.8		$	245.7		$	27		$	(272.7	)	$	259.8
Comprehensive income attributable to Reliance	$	259.8		$	245.9		$	18.1		$	(272.7	)	$	251.1
Schedule of Condensed Consolidating Cash Flow Statement	'
	For the Nine Months Ended September 30, 2014
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Cash provided by (used in) operating activities	$	139.2		$	(0.3	)	$	23.9		$	—		$	162.8
	Investing activities:
	Purchases of property, plant and equipment	(13.5		)	(113.1		)	(7.8		)	—			(134.4		)
	Acquisitions, net of cash acquired	—			(32.3		)	(112.7		)	—			(145.0		)
	Net advances to subsidiaries	(229.2		)	—			—			229.2			—
	Other investing activities, net	(0.7		)	(14.2		)	33.1			—			18.2
	Cash used in investing activities	(243.4		)	(159.6		)	(87.4		)	229.2			(261.2		)
	Financing activities:
	Net short-term debt borrowings	—			—			4.3			—			4.3
	Proceeds from long-term debt borrowings	535			—			0.7			—			535.7
	Principal payments on long-term debt	(367.1		)	(1.5		)	—			—			(368.6		)
	Dividends paid	(81.7		)	—			—			—			(81.7		)
	Net intercompany borrowings	—			163.2			66			(229.2		)	—
	Other financing activities, net	28.7			(2.9		)	—			—			25.8
	Cash provided by financing activities	114.9			158.8			71			(229.2		)	115.5
	Effect of exchange rate changes on cash and cash equivalents	—			—			—			—			—
	Increase (decrease) in cash and cash equivalents	10.7			(1.1		)	7.5			—			17.1
	Cash and cash equivalents at beginning of year	19.7			(0.8		)	64.7			—			83.6
	Cash and cash equivalents at end of period	$	30.4		$	(1.9	)	$	72.2		$	—		$	100.7
	For the Nine Months Ended September 30, 2013
	(in millions)
								Non-
					Guarantor			Guarantor			Consolidating
		Parent			Subsidiaries			Subsidiaries			Adjustments			Consolidated
	Cash provided by operating activities	$	108.6		$	334.1		$	70.3		$	—		$	513
	Investing activities:
	Purchases of property, plant and equipment	(10.4		)	(99.1		)	(9.2		)	—			(118.7		)
	Acquisitions, net of cash acquired	(796.8		)	—			—			—			(796.8		)
	Net advances to subsidiaries	(155.9		)	—			—			155.9			—
	Other investing activities, net	0.1			9.8			7.2			—			17.1
	Cash used in investing activities	(963.0		)	(89.3		)	(2.0		)	155.9			(898.4		)
	Financing activities:
	Net short-term debt (repayments) borrowings	—			(473.8		)	3.8			—			(470.0		)
	Proceeds from long-term debt borrowings	2,297.90			—			—			—			2,297.90
	Principal payments on long-term debt	(1,412.8		)	(0.5		)	(0.7		)	—			(1,414.0		)
	Dividends paid	(71.4		)	—			—			—			(71.4		)
	Net intercompany borrowings (repayments)	—			214.4			(58.5		)	(155.9		)	—
	Other financing activities, net	52.1			(1.8		)	—			—			50.3
	Cash provided by (used in) financing activities	865.8			(261.7		)	(55.4		)	(155.9		)	392.8
	Effect of exchange rate changes on cash and cash equivalents	—			—			(0.1		)	—			(0.1		)
	Increase (decrease) in cash and cash equivalents	11.4			(16.9		)	12.8			—			7.3
	Cash and cash equivalents at beginning of year	28.1			13.1			56.4			—			97.6
	Cash and cash equivalents at end of period	$	39.5		$	(3.8	)	$	69.2		$	—		$	104.9

Acquisitions_Details

Acquisitions (Details) (USD $)

3 Months Ended

9 Months Ended

2 Months Ended

0 Months Ended

6 Months Ended

9 Months Ended

0 Months Ended

6 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

In Millions, except Per Share data, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Apr. 12, 2013

Apr. 12, 2013

Sep. 30, 2014

Sep. 30, 2014

Aug. 01, 2014

Aug. 01, 2014

Apr. 30, 2013

Apr. 12, 2013

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

16-May-14

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Aug. 01, 2014

Sep. 30, 2014

Term loan expiring April 4, 2018

Senior unsecured notes due 2023

NIS

AMS

AMS

AMS

Travel Main

Metals USA

Metals USA

Metals USA

Metals USA

Metals USA

Metals USA

Metals USA

Haskins Steel Co., Inc. (Haskins Steel)

2014 acquisitions

2014 acquisitions

item

Minimum

item

item

Non-core roofing business

Non-core roofing business

Non-core roofing business

item

Acquisitions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net sales

$2,705.10

$2,443.50

$7,874.90

$6,917.10

'

'

'

$3.50

$45.10

'

'

'

'

$828.80

$1,360

'

'

$17.10

$9.60

$23

'

'

Number of countries of the acquiree entity

'

'

'

'

'

'

'

'

'

4

'

'

'

'

'

'

'

'

'

'

'

'

Number of countries in which entity's customers operate

'

'

'

'

'

'

'

'

'

'

40

'

'

'

'

'

'

'

'

'

'

'

Number of locations of the acquiree entity

'

'

'

'

'

'

'

'

'

8

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

18

'

'

'

'

'

'

'

'

'

'

Total transaction value

'

'

'

'

'

'

'

'

'

'

'

78.9

1,250

'

'

'

'

'

'

'

145.7

'

Value of debt assumed

'

'

'

'

'

'

'

'

'

'

'

43.8

486.1

'

'

'

'

'

'

'

41.7

'

Number of service centers acquired

'

'

'

'

'

'

'

'

'

'

'

'

44

'

'

'

'

'

'

'

'

'

Proceeds from sale of business

'

'

26.2

7

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.8

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

1,707.50

'

1,707.50

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

48.7

'

'

'

'

'

'

Pro forma:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net sales

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,447.10

'

'

'

'

'

'

Net income attributable to Reliance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$267.10

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$3.45

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$3.48

'

'

'

'

'

'

Goodwill_Details

Goodwill (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Change in the carrying amount of goodwill	'
Balance at the beginning of the period	$1,691.60
Acquisitions	34.3
Purchase price allocation adjustments	2.1
Sale of business	-17.1
Effect of foreign currency translation	-3.4
Balance at the end of the period	1,707.50
Accumulated impairment losses	$0

Intangible_Assets_net_Details

Intangible Assets, net (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Intangible assets subject to amortization:	'	'	'
Intangible assets subject to amortization, Gross Carrying Amount	$735.70	'	$719.30
Intangible assets subject to amortization, Accumulated Amortization	-276.3	'	-241
Intangible assets	'	'	'
Intangible assets, Gross Carrying Amount	1,498.60	'	1,454.80
Amortization expense for intangible assets	42.3	40.5	'
Changes in intangible assets due to foreign currency translation losses	4	'	'
Summary of estimated aggregated amortization expense for the remaining three months of 2014 and each of the succeeding five years	'	'	'
2014	14.2	'	'
2015	55.2	'	'
2016	53.5	'	'
2017	49	'	'
2018	42.9	'	'
2019	42.1	'	'
2014 acquisitions	'	'	'
Intangible assets	'	'	'
Intangible assets acquired, excluding goodwill	54.8	'	'
Trade names	'	'	'
Intangible assets not subject to amortization:	'	'	'
Intangible assets not subject to amortization, Gross Carrying Amount	762.9	'	735.5
Trade names | 2014 acquisitions	'	'	'
Intangible assets	'	'	'
Intangible assets, Gross Carrying Amount	29.2	'	'
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	2.3	'	8
Intangible assets subject to amortization, Accumulated Amortization	-1.6	'	-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	41.4	'	41.5
Intangible assets subject to amortization, Accumulated Amortization	-26.5	'	-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	676.7	'	654.3
Intangible assets subject to amortization, Accumulated Amortization	-237.3	'	-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	-6.9	'	-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	($4)	'	($2.70)

Income_Taxes_Details

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Taxes	'	'	'	'
Effective tax rate (as a percent)	25.70%	32.70%	32.50%	31.90%
U.S. federal statutory rate (as a percent)	'	'	35.00%	'

Debt_Details

Debt (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Debt	'	'
Total	$2,325	$2,112.30
Less: unamortized discount	-3	-3.3
Less: amounts due within one year and short-term borrowings	-91.7	-36.5
Total long-term debt	2,230.30	2,072.50
Unsecured revolving credit facility due April 4, 2018	'	'
Debt	'	'
Total	667	480
Unsecured term loan due from December 31, 2014 to April 4, 2018	'	'
Debt	'	'
Total	448.8	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	$109.20	$64.80

Debt_Details_2

Debt (Details 2) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Apr. 04, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Apr. 04, 2013

Apr. 04, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Nov. 30, 2006

Nov. 30, 2006

Sep. 30, 2014

Dec. 31, 2013

Nov. 30, 2006

Sep. 30, 2014

Dec. 31, 2013

Apr. 12, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Apr. 04, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Third Amended and Restated Credit Agreement

Unsecured revolving credit facility due April 4, 2018

Unsecured revolving credit facility due April 4, 2018

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$86.40

'

'

'

'

'

Debt outstanding

2,325

2,112.30

'

667

480

'

'

'

'

'

'

'

'

350

350

'

250

250

'

500

500

'

'

'

'

'

11.6

11.9

42.1

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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)

'

'

'

1.42%

'

1.41%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Letters of credit outstanding

'

'

'

58.7

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revolving credit available to borrow on

'

'

'

774.3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

52

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		9 Months Ended		12 Months Ended	0 Months Ended		0 Months Ended
In Millions, except Share data, unless otherwise specified	Oct. 30, 2014	Oct. 20, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Mar. 25, 2014	Sep. 30, 2014	21-May-14
								Restricted stock, 2013 grant	Restricted stock, 2013 grant	Restricted stock
Equity	'	'	'	'	'	'	'	'	'	'
Issuance of common stock in connection with the exercise of employee stock options (in shares)	'	'	133,068	'	570,379	'	'	'	'	'
Total proceeds from the exercise of employee stock options	'	'	$6.60	'	$27.90	$61.50	'	'	'	'
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	$0.33	$1.05	$0.93	'	'	'	'
Dividends paid	'	'	27.3	25.4	81.7	71.4	'	'	'	'
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	'
Restricted stock granted	'	'	'	'	'	'	'	'	'	11,830
Fair value of restricted stock	'	'	'	'	'	'	'	$71.15	'	$70.99
Share Repurchase Program	'	'	'	'	'	'	'	'	'	'
Number of shares repurchased	610,300	'	'	'	0	'	0	'	'	'
Average costs per share	$65.54	'	'	'	'	'	'	'	'	'
Value of shares repurchased	$40	'	'	'	'	'	'	'	'	'
Remaining number of common stock authorized for repurchase (in shares)	7,272,733	'	'	'	'	'	'	'	'	'

Equity_Details_2

Equity (Details 2) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Schedule of accumulated other comprehensive loss	'	'
Balance at the beginning of the period	($6.70)	'
Current-period change	-11.6	'
Balance at the end of the period	-18.3	'
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 (Loss)	'	'
Schedule of accumulated other comprehensive loss	'	'
Balance at the beginning of the period	3.2	'
Current-period change	-11.8	'
Balance at the end of the period	-8.6	'
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	0.2	'
Balance at the end of the period	0.4	'
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			9 Months Ended
In Millions, unless otherwise specified	Oct. 20, 2014	27-May-14	Apr. 29, 2014	Sep. 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
Amount paid for settlement of claims	23	'	'	'
Reasonable range of potential loss, low end of the range	'	'	'	$10

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator:	'	'	'	'
Net income attributable to Reliance (in dollars)	$95.50	$95.10	$279.20	$259.80
Denominator for basic earnings per share:	'	'	'	'
Weighted average shares	77,945,375	77,049,998	77,730,965	76,683,659
Effect of dilutive securities:	'	'	'	'
Stock options, restricted stock, and RSUs (in shares)	938,806	807,508	943,894	788,207
Denominator for diluted earnings per share:	'	'	'	'
Adjusted weighted average shares and assumed conversions	78,884,181	77,857,506	78,674,859	77,471,866
Net income per share attributable to Reliance shareholders - diluted (in dollars per share)	$1.21	$1.22	$3.55	$3.35
Net income per share attributable to Reliance shareholders - basic (in dollars per share)	$1.23	$1.23	$3.59	$3.39
Diluted shares	'	'	'	'
Weighted average shares, respectively, primarily for stock options, not included in the diluted calculation due to their anti-dilutive effect	11,287	134,775	25,056	254,199

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	3 Months Ended		9 Months Ended			0 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Oct. 01, 2014	Oct. 01, 2014
					Acero Prime	Subsequent event	Subsequent event
						Acero Prime	Acero Prime
						item
Subsequent Event	'	'	'	'	'	'	'
Ownership percentage in consolidated subsidiary	'	'	'	'	'	'	51.00%
Ownership percentage in equity method investment	'	'	'	'	40.00%	'	'
Number of locations with toll processing operations serving customers in the auto industry	'	'	'	'	'	3	'
Net sales	$2,705.10	$2,443.50	$7,874.90	$6,917.10	$23	'	'

Condensed_Consolidating_Financ2

Condensed Consolidating Financial Statements (Details) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2012

Apr. 30, 2013

Nov. 30, 2006

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 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

100.7

83.6

104.9

97.6

'

'

30.4

19.7

39.5

28.1

-1.9

-0.8

-3.8

13.1

72.2

64.7

69.2

56.4

'

'

Accounts receivable, less allowance for doubtful accounts

1,253.20

983.5

'

'

'

'

82.7

64.4

'

'

1,022.50

1,170.90

'

'

169.5

101.3

'

'

-21.5

-353.1

Inventories

1,944.40

1,540

'

'

'

'

69.4

52.6

'

'

1,642.50

1,344.80

'

'

232.5

142.6

'

'

'

'

Income taxes receivable

'

33.9

'

'

'

'

47.1

34.4

'

'

'

'

'

'

'

'

'

'

-47.1

-0.5

Other current assets

96.1

97.9

'

'

'

'

115.3

124.8

'

'

40.9

40.8

'

'

15.1

8.9

'

'

-75.2

-76.6

Total current assets

3,394.40

2,738.90

'

'

'

'

344.9

295.9

'

'

2,704

2,555.70

'

'

489.3

317.5

'

'

-143.8

-430.2

Investments in subsidiaries

'

'

'

'

'

'

4,797.70

4,647.70

'

'

201.7

312.4

'

'

'

'

'

'

-4,999.40

-4,960.10

Property, plant and equipment, net

1,624.90

1,603.90

'

'

'

'

103.1

100.8

'

'

1,318.10

1,298.70

'

'

203.7

204.4

'

'

'

'

Goodwill

1,707.50

1,691.60

'

'

'

'

23.8

23.8

'

'

1,555.10

1,555.70

'

'

128.6

112.1

'

'

'

'

Intangible assets, net

1,222.30

1,213.80

'

'

'

'

31.7

17.4

'

'

1,044.80

1,077.80

'

'

145.8

118.6

'

'

'

'

Intercompany receivables

'

'

'

'

'

'

1,471.20

1,219.40

'

'

84.5

22.4

'

'

10.1

394.3

'

'

-1,565.80

-1,636.10

Other assets

85.6

92.8

'

'

'

'

22.3

20.8

'

'

57.9

66.6

'

'

5.4

5.4

'

'

'

'

Total assets

8,034.70

7,341

'

'

'

'

6,794.70

6,325.80

'

'

6,966.10

6,889.30

'

'

982.9

1,152.30

'

'

-6,709

-7,026.40

Liabilities & Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accounts payable

475.2

280.3

'

'

'

'

41.7

29.1

'

'

397.9

185.8

'

'

57.1

418.5

'

'

-21.5

-353.1

Accrued compensation and retirement costs

124.7

119.5

'

'

'

'

17.6

21.1

'

'

92.9

85.9

'

'

14.2

12.5

'

'

'

'

Other current liabilities

186.6

137.1

'

'

'

'

93

53.5

'

'

60.8

63.1

'

'

79.9

22.4

'

'

-47.1

-1.9

Deferred income taxes

'

'

'

'

'

'

'

'

'

'

75.2

75.2

'

'

'

'

'

'

-75.2

-75.2

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

91.7

36.5

'

'

'

'

37.5

25.3

'

'

'

'

'

'

54.2

11.2

'

'

'

'

Total current liabilities

878.2

573.4

'

'

'

'

189.8

129

'

'

626.8

410

'

'

205.4

464.6

'

'

-143.8

-430.2

Long-term debt

2,230.30

2,072.50

'

'

'

'

2,175.20

2,019.20

'

'

5.7

5.7

'

'

49.4

47.6

'

'

'

'

Intercompany borrowings

'

'

'

'

'

'

'

'

'

'

1,337.90

1,550.60

'

'

227.9

85.5

'

'

-1,565.80

-1,636.10

Other long-term liabilities

806.6

810.7

'

'

'

'

320.4

303

'

'

442.4

466.5

'

'

43.8

41.2

'

'

'

'

Total Reliance shareholders' equity

4,109.30

3,874.60

'

'

'

'

4,109.30

3,874.60

'

'

4,546.60

4,450.10

'

'

452.8

510

'

'

-4,999.40

-4,960.10

Noncontrolling interests

10.3

9.8

'

'

'

'

'

'

'

'

6.7

6.4

'

'

3.6

3.4

'

'

'

'

Total equity

4,119.60

3,884.40

'

'

'

'

4,109.30

3,874.60

'

'

4,553.30

4,456.50

'

'

456.4

513.4

'

'

-4,999.40

-4,960.10

Total liabilities and equity

$8,034.70

$7,341

'

'

'

'

$6,794.70

$6,325.80

'

'

$6,966.10

$6,889.30

'

'

$982.90

$1,152.30

'

'

($6,709)

($7,026.40)

Condensed_Consolidating_Financ3

Condensed Consolidating Financial Statements (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Condensed Consolidating Statement of Comprehensive Income	'	'	'	'
Net sales	$2,705.10	$2,443.50	$7,874.90	$6,917.10
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	2,026.90	1,800.50	5,876.20	5,123.70
Warehouse, delivery, selling, general and administrative	472.9	430	1,358.80	1,213.70
Depreciation and amortization	54	49.9	158.6	141.1
Total costs and expenses	2,553.80	2,280.40	7,393.60	6,478.50
Operating (loss) income	151.3	163.1	481.3	438.6
Other income (expense):	'	'	'	'
Interest	-20.8	-21.6	-61.2	-56.8
Other income (expense), net	-0.1	1.2	-1.4	3.5
(Loss) income before equity in earnings of subsidiaries and income taxes	130.4	142.7	418.7	385.3
Income before income taxes	130.4	142.7	418.7	385.3
Income tax (benefit) provision	33.5	46.7	136.1	122.9
Net income	96.9	96	282.6	262.4
Less: Net income attributable to noncontrolling interests	1.4	0.9	3.4	2.6
Net income attributable to Reliance	95.5	95.1	279.2	259.8
Comprehensive income (loss) attributable to Reliance	78.5	106.1	267.6	251.1
Reportable legal entities | Parent	'	'	'	'
Condensed Consolidating Statement of Comprehensive Income	'	'	'	'
Net sales	195.5	177.2	569.7	540.2
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	149.2	133	431.3	400.4
Warehouse, delivery, selling, general and administrative	59.6	50.2	147.3	159.7
Depreciation and amortization	5.1	4.2	14.6	13.3
Total costs and expenses	213.9	187.4	593.2	573.4
Operating (loss) income	-18.4	-10.2	-23.5	-33.2
Other income (expense):	'	'	'	'
Interest	-19.7	-20.6	-58.2	-54.9
Other income (expense), net	16.9	17.4	60.5	54.2
(Loss) income before equity in earnings of subsidiaries and income taxes	-21.2	-13.4	-21.2	-33.9
Equity in earnings of subsidiaries	102.4	96.8	263.6	261.5
Income before income taxes	81.2	83.4	242.4	227.6
Income tax (benefit) provision	-14.3	-11.7	-36.8	-32.2
Net income	95.5	95.1	279.2	259.8
Net income attributable to Reliance	95.5	95.1	279.2	259.8
Comprehensive income (loss) attributable to Reliance	90.8	93.6	275.4	259.8
Reportable legal entities | Guarantor Subsidiaries	'	'	'	'
Condensed Consolidating Statement of Comprehensive Income	'	'	'	'
Net sales	2,338.60	2,124.80	6,894.90	6,002.70
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	1,762	1,575.80	5,179.20	4,484.80
Warehouse, delivery, selling, general and administrative	386.5	360.2	1,155.20	1,009.60
Depreciation and amortization	43.6	41.4	129.4	115.9
Total costs and expenses	2,192.10	1,977.40	6,463.80	5,610.30
Operating (loss) income	146.5	147.4	431.1	392.4
Other income (expense):	'	'	'	'
Interest	-7.5	-6.2	-21.3	-13.6
Other income (expense), net	-1.1	1.9	-0.9	5.6
(Loss) income before equity in earnings of subsidiaries and income taxes	137.9	143.1	408.9	384.4
Equity in earnings of subsidiaries	4.4	3.2	11	11.2
Income before income taxes	142.3	146.3	419.9	395.6
Income tax (benefit) provision	45.1	55.8	163.3	147.5
Net income	97.2	90.5	256.6	248.1
Less: Net income attributable to noncontrolling interests	1.4	0.8	3.3	2.4
Net income attributable to Reliance	95.8	89.7	253.3	245.7
Comprehensive income (loss) attributable to Reliance	95.9	89.7	253.5	245.9
Reportable legal entities | Non-Guarantor Subsidiaries	'	'	'	'
Condensed Consolidating Statement of Comprehensive Income	'	'	'	'
Net sales	231.3	188.3	592.5	529.5
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	176.1	138.6	448	393.9
Warehouse, delivery, selling, general and administrative	38.2	33.3	100.5	88
Depreciation and amortization	5.3	4.3	14.6	11.9
Total costs and expenses	219.6	176.2	563.1	493.8
Operating (loss) income	11.7	12.1	29.4	35.7
Other income (expense):	'	'	'	'
Interest	-1.7	-1.3	-4.2	-2.6
Other income (expense), net	3.7	2.2	5.8	1.7
(Loss) income before equity in earnings of subsidiaries and income taxes	13.7	13	31	34.8
Income before income taxes	13.7	13	31	34.8
Income tax (benefit) provision	2.7	2.6	9.6	7.6
Net income	11	10.4	21.4	27.2
Less: Net income attributable to noncontrolling interests	'	0.1	0.1	0.2
Net income attributable to Reliance	11	10.3	21.3	27
Comprehensive income (loss) attributable to Reliance	-1.4	22.8	13.3	18.1
Consolidating Adjustments	'	'	'	'
Condensed Consolidating Statement of Comprehensive Income	'	'	'	'
Net sales	-60.3	-46.8	-182.2	-155.3
Costs and expenses:	'	'	'	'
Cost of sales (exclusive of depreciation and amortization shown below)	-60.4	-46.9	-182.3	-155.4
Warehouse, delivery, selling, general and administrative	-11.4	-13.7	-44.2	-43.6
Total costs and expenses	-71.8	-60.6	-226.5	-199
Operating (loss) income	11.5	13.8	44.3	43.7
Other income (expense):	'	'	'	'
Interest	8.1	6.5	22.5	14.3
Other income (expense), net	-19.6	-20.3	-66.8	-58
Equity in earnings of subsidiaries	-106.8	-100	-274.6	-272.7
Income before income taxes	-106.8	-100	-274.6	-272.7
Net income	-106.8	-100	-274.6	-272.7
Net income attributable to Reliance	-106.8	-100	-274.6	-272.7
Comprehensive income (loss) attributable to Reliance	($106.80)	($100)	($274.60)	($272.70)

Condensed_Consolidating_Financ4

Condensed Consolidating Financial Statements (Details 3) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Condensed Consolidating Cash Flow Statement	'	'	'	'
Cash provided by (used in) operating activities	'	'	$162.80	$513
Investing activities:	'	'	'	'
Purchases of property, plant and equipment	'	'	-134.4	-118.7
Acquisitions, net of cash acquired	'	'	-145	-796.8
Other investing activities, net	'	'	18.2	17.1
Net cash used in investing activities	'	'	-261.2	-898.4
Financing activities:	'	'	'	'
Net short-term debt (repayments) borrowings	'	'	4.3	-470
Proceeds from long-term debt borrowings	'	'	535.7	2,297.90
Principal payments on long-term debt	'	'	-368.6	-1,414
Dividends paid	-27.3	-25.4	-81.7	-71.4
Other financing activities, net	'	'	25.8	50.3
Net cash provided by financing activities	'	'	115.5	392.8
Effect of exchange rate changes on cash and cash equivalents	'	'	'	-0.1
Increase in cash and cash equivalents	'	'	17.1	7.3
Cash and cash equivalents at beginning of year	'	'	83.6	97.6
Cash and cash equivalents at end of period	100.7	104.9	100.7	104.9
Reportable legal entities | Parent	'	'	'	'
Condensed Consolidating Cash Flow Statement	'	'	'	'
Cash provided by (used in) operating activities	'	'	139.2	108.6
Investing activities:	'	'	'	'
Purchases of property, plant and equipment	'	'	-13.5	-10.4
Acquisitions, net of cash acquired	'	'	'	-796.8
Net advances to subsidiaries	'	'	-229.2	-155.9
Other investing activities, net	'	'	-0.7	0.1
Net cash used in investing activities	'	'	-243.4	-963
Financing activities:	'	'	'	'
Proceeds from long-term debt borrowings	'	'	535	2,297.90
Principal payments on long-term debt	'	'	-367.1	-1,412.80
Dividends paid	'	'	-81.7	-71.4
Other financing activities, net	'	'	28.7	52.1
Net cash provided by financing activities	'	'	114.9	865.8
Increase in cash and cash equivalents	'	'	10.7	11.4
Cash and cash equivalents at beginning of year	'	'	19.7	28.1
Cash and cash equivalents at end of period	30.4	39.5	30.4	39.5
Reportable legal entities | Guarantor Subsidiaries	'	'	'	'
Condensed Consolidating Cash Flow Statement	'	'	'	'
Cash provided by (used in) operating activities	'	'	-0.3	334.1
Investing activities:	'	'	'	'
Purchases of property, plant and equipment	'	'	-113.1	-99.1
Acquisitions, net of cash acquired	'	'	-32.3	'
Other investing activities, net	'	'	-14.2	9.8
Net cash used in investing activities	'	'	-159.6	-89.3
Financing activities:	'	'	'	'
Net short-term debt (repayments) borrowings	'	'	'	-473.8
Principal payments on long-term debt	'	'	-1.5	-0.5
Net intercompany borrowings (repayments)	'	'	163.2	214.4
Other financing activities, net	'	'	-2.9	-1.8
Net cash provided by financing activities	'	'	158.8	-261.7
Increase in cash and cash equivalents	'	'	-1.1	-16.9
Cash and cash equivalents at beginning of year	'	'	-0.8	13.1
Cash and cash equivalents at end of period	-1.9	-3.8	-1.9	-3.8
Reportable legal entities | Non-Guarantor Subsidiaries	'	'	'	'
Condensed Consolidating Cash Flow Statement	'	'	'	'
Cash provided by (used in) operating activities	'	'	23.9	70.3
Investing activities:	'	'	'	'
Purchases of property, plant and equipment	'	'	-7.8	-9.2
Acquisitions, net of cash acquired	'	'	-112.7	'
Other investing activities, net	'	'	33.1	7.2
Net cash used in investing activities	'	'	-87.4	-2
Financing activities:	'	'	'	'
Net short-term debt (repayments) borrowings	'	'	4.3	3.8
Proceeds from long-term debt borrowings	'	'	0.7	'
Principal payments on long-term debt	'	'	'	-0.7
Net intercompany borrowings (repayments)	'	'	66	-58.5
Net cash provided by financing activities	'	'	71	-55.4
Effect of exchange rate changes on cash and cash equivalents	'	'	'	-0.1
Increase in cash and cash equivalents	'	'	7.5	12.8
Cash and cash equivalents at beginning of year	'	'	64.7	56.4
Cash and cash equivalents at end of period	72.2	69.2	72.2	69.2
Consolidating Adjustments	'	'	'	'
Investing activities:	'	'	'	'
Net advances to subsidiaries	'	'	229.2	155.9
Net cash used in investing activities	'	'	229.2	155.9
Financing activities:	'	'	'	'
Net intercompany borrowings (repayments)	'	'	-229.2	-155.9
Net cash provided by financing activities	'	'	($229.20)	($155.90)