Company Profile: Reliance Steel provides metals processing services and operates more than 200 metals service centers in the U.S., Canada, China, Mexico and several other countries.SAC Capital's Investment: Cohen's fund bought 1.2 million shares of Reliance Steel in the fourth quarter, which had a market value of $61.5 million as of Dec. 31. Share Price Performance: After the stock fell 5% in 2011, Reliance Steel shares have rebounded nearly 10% in 2012. >>To see these stocks in action, visit the 10 Best New Stock Ideas by Steven Cohen portfolio on Stockpickr. -- Written by Robert Holmes in Boston.
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