12
Feb
16:31
Russel posts steep earnings drop in 2019
Toronto-based service centre chain Russel Metals saw its earnings drop sharply on-year in 2019, Kallanish reports.
Russel earned CAD 77 million ($58.08m) on total sales of CAD 3.68 billion in 2019, down from earnings of CAD 219m on sales of CAD 4.17 billion in 2018.
"During 2019, our operations turned in a solid performance, in what proved to be a challenging year where trade actions that had dramatically increased steel prices in 2018 were rever…
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Anonymous
Very good overview of the weekly steel market.
Anonymous