05
May
13:46
Russel sees earnings drop during first quarter
North American service centre chain Russel Metals saw its profits fall to about one-third of their prior-year levels during the first quarter, Kallanish reports.
Russel earned $11 million on sales of $815m during Q1, down from a profit of $34m on sales of $1 billion in Q1 2019.
The company’s metals service centre segment saw revenues fall by -19%, while its energy products segment saw revenues fall by -15%. Steel distribution revenues, meanwhile…
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Anonymous
Very good overview of the weekly steel market.
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