14
Jul
15:49
Ryerson expects profit loss in second quarter
US service centre chain Ryerson expects to report a loss for the second quarter, Kallanish learns from early company guidance.
When the company releases its full earnings for the quarter ended 30 June, Ryerson expects a loss of $26-28 million on sales of $765-775m.
In Q2 2019, Ryerson earned $16.4m on sales of $1.2 billion.
“The company responded to the Covid-19 pandemic and ensuing economic shutdown early and effectively, as total global…
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Very good overview of the weekly steel market.
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