29
Sep
15:53
Ryerson sees sales uptick, margin compression in Q3
US service centre chain Ryerson expects revenues to improve in the third quarter due to higher pricing and steady demand, Kallanish reports.
Ryerson anticipates net earnings of $0-2 million in Q3 on sales of $840-860m, compared with Q3 2016 income of $8m on sales of $735m.
Ryerson attributes the on-year margin crunch to stale distributor pricing from “...elevated import levels, well-supplied metals markets, and section 232 driven panic buying throughout…
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Anonymous
Very good overview of the weekly steel market.
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