07
Aug
21:27
Russel Metals sees decline in earnings for Q2
North American service centre chain Russel Metals experienced both quarterly and on-year declines during the second quarter, Kallanish reports.
Russel recorded a net profit of $16.1 million on sales of $588.1m during the quarter. That's down from a profit of $50.9m on sales of $936.7m in the second quarter of 2019.
“During the second quarter, the pandemic along with low energy prices created intense business conditions. Demand at our service centre and …
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Very good overview of the weekly steel market.
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