Aug 12 (Reuters) - Russel Metals Inc RUS.TO :
* Announces 2015 second quarter results
* Q2 earnings per share C$0.27
* Q2 revenue C$761 million versus I/B/E/S view C$734.1 million
* Q2 earnings per share view C$0.21 -- Thomson Reuters I/B/E/S
* Expect 2015 prices to move within a narrow band width
* Worldwide oversupply of steel continues, primarily generated by Chinese
production levels"
* Operating under the assumption that current conditions of steel will continue
for the balance of 2015
* Attractiveness of North America as a market equates to limited pricing power
for the domestic mills as imports continue"
* Executive compensation is down significantly due to a reduction in variable
compensation as a result of weaker earnings
* <- implemented number of strategies such as reduced work weeks, layoffs, to
reduce costs in line with current business levels
* Says "oil prices will remain at these low levels for at least the balance of
2015 due to oversupply"
* Source text for Eikon ID:nPn17GKnr
* Further company coverage RUS.TO