11
Aug
20:04
Stelco reports strong earnings, weakening outlook
Canadian flat-rolled steelmaker Stelco's second quarter earnings results followed closely along with the company's projected estimates, Kallanish understands.
Stelco earned CAD 554 million ($434m) on sales of 677,000 short tons of steel products during the second quarter, resulting in revenue totalling CAD 1.04 billion. The company's quarterly shipments are down marginally on-year, but selling prices have increased by 12% on-year. Both the co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous