11
Sep
01:00
TimkenSteel expects Q3 loss
TimkenSteel will report a loss for the third quarter due to weak pricing and demand, the company said Friday in its earnings guidance.
When TimkenSteel announces its earnings October 29, it expects its Ebitda loss to be $30-40 million, with shipments down 15% from the second quarter.
“We anticipated a difficult third quarter due to continued weakness in energy and some industrial end markets, but the impact is deeper than expected,” says ceo Ward …
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