Moreover, demand in Reliance Steel's aerospace business's military, defense and space segments remained robust, with substantial backlogs. The trend is projected to continue in the third quarter. Reliance Steel is also seeing higher demand for toll processing services for the automobile market. Its position in the automotive sector, together with recent advances in car production and the ongoing trend to increased aluminum content, gives the company confidence that demand for its toll processing services will remain strong in the third quarter. Moreover, RS has been following an aggressive acquisition strategy for a while as part of its core business policy to drive operating results. The acquisitions of Rotax Metals, Admiral Metals and Nu-Tech Precision Metals are in sync with its strategy of investing in high-quality businesses.