25
Oct
21:11
Radius Recycling suffers Q4 loss, expects demand improvement
The underlying demand for recycled structural steel products in the US is expected to help buoy sales and shipment volumes for Radius Recycling, formerly known as Schnitzer Steel, for the foreseeable future. However, Kallanish gathers that the company's profitability suffered through its fiscal fourth quarter as a result of lower selling prices and decreasing profit margins.
Radius Recycling reported a loss of $26 million on sales of $718m, or a loss…
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Anonymous
Very good overview of the weekly steel market.
Anonymous