25
Jan
19:37
Inventory charges hit Ryerson bottom line
US service centre chain Ryerson expects to report a loss for the fourth quarter, largely due to inventory charges, Kallanish understands.
Ryerson’s losses for the quarter ended 31 December should total $2-4 million on sales of about $810m. That includes last-in, first-out inventory charges of $7-10m.
In Q4 2016, the company reported a loss of $9m on sales of $682m.
Ryerson’s predictions for early 2018 are largely positive due to across-the-boar…
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Anonymous
Very good overview of the weekly steel market.
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