08
May
17:14
Russel earnings slip in first quarter
Toronto-based service centre chain Russel Metals saw increased revenue but lower profits on-year in the first quarter, Kallanish reports.
Russel earned CAD 34 million ($25.24m) on sales of CAD 1 billion during Q1, down from earnings of CAD 38m on sales of CAD 931 billion in Q1 2018.
“Higher selling prices led to increased revenues, which were partially offset by slightly lower demand,” the company says in its earnings review. “First-quarter …
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Very good overview of the weekly steel market.
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