09
Aug
15:05
Russel sees second quarter profits cut in half
North American service centre chain Russel Metals saw its profits halve year-on-year in the second quarter, Kallanish learns from the company’s quarterly earnings review.
Russel earned CAD 31 million ($23.46m) on sales of CAD 937m in Q2, down from CAD 66m on sales of CAD 978.2m.
The company’s service centre segment saw revenue fall -5% on year to CAD 535m, while energy products and pipe fell by -7% to CAD 298m. The company’s steel processing…
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Anonymous
Very good overview of the weekly steel market.
Anonymous