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The company was founded in Los Angeles on February 3, 1939 by Thomas J. Neilan. Originally named Reliance Steel Products Company, the business made and sold steel reinforcing bars (rebar) for the construction industry. In 1944, the name was shortened to Reliance Steel Company.
On September 14, 1994, the company became a public company via an initial public offering.
Reliance Steel & Aluminum Co. changed the company name to Reliance, Inc. on February 15, 2024.