01
May
01:00
TimkenSteel's Q2 shipments to fall on softness in energy markets
TimkenSteel expects its second quarter energy & distribution shipments to fall by half from first quarter levels due to low demand across the energy and industrial end markets as a result of low oil prices. Industrial & mobile segment shipments should be comparable to Q1, the US-based bar and seamless tube maker said in its quarterly earnings report.
The company shipped 271,000 tons in Q1, an increase of 0.3% quarter-on-quarter and an 8.4% year-on-ye…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous