JPMorgan downgrades Reliance Steel stock rating on margin pressure

On February 20, 2026, JPMorgan downgraded the stock rating of Reliance Steel, citing concerns over margin pressure. This downgrade reflects JPMorgan's assessment that Reliance Steel's profitability may be under strain due to rising costs or competitive challenges impacting its margins. Reliance Steel, a major player in the metals distribution sector, could face financial headwinds if these margin pressures persist. The downgrade signals potential investor caution and may influence market perceptions of the company's near-term financial health.