06
Aug
15:27
Russel nabs earnings record, continues tubular drawdown
North American service centre chain Russel Metals hit an earnings record in the second quarter, Kallanish understands.
The company posted a profit of CAD 118 million ($94m) in the second quarter on sales of CAD 1.07 billion. In Q2, Russel earned CAD 5m on sales of CAD 558m.
“Steel prices continued to rise in the 2021 second quarter. Metals service centres experienced an increase in selling price per (short) ton of 53% compared to the 2020 …
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Anonymous
Very good overview of the weekly steel market.
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