28
Sep
16:25
Third quarter guidance from Ryerson trends upward
US service centre Ryerson expects to report a $77-80 million profit for the third quarter, largely due to gains related to the acquisition of Central Steel & Wire Company, Kallanish understands.
Ryerson reported Q3 2017 profits of $1.7m on sales of $864m, compared with Q3's anticipated $77-80m on sales of $1.23-1.24 billion.
About $73m of that profit total, however, is gain-on-bargain related to the company's purchase of Central Steel & W…
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Anonymous
Very good overview of the weekly steel market.
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