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Russel Metals Inc.

03:58 PM EST - Russel Metals Inc. : reported that its second-quarter net loss was $24.6 million or $0.41 per basic share, compared to net earnings of $78.8 million or $1.25 per basic share in the last-year quarter. Revenues for the quarter decreased to $462.5 million from $856.3 million in the year-ago quarter. Russel Metals Inc. shares T.RUS are trading down $0.28 at $16.30.