Reliance Steel announced that first-quarter net income had dropped 81 percent due to low prices and weakened demand. http://finance.yahoo.com/news/Reliance-Steel-amp-Aluminum-apf-15016185.html?.v=1
While net income was up 18% from 2007 to 2008 the Q4 net income had dropped by 17% when comparing 2008 Q4 to 2007 Q4