15
May
19:28
TimkenSteel aims for higher liquidity in second quarter
Following a first-quarter loss of $19.9 million on sales of $259.7m, US specialty steel producer TimkenSteel has taken measures to bolster the company's liquidity position as it moves into the second quarter, Kallanish reports.
In a Q1 earnings conference call last week, TimkenSteel revealed that it has taken several precautionary actions to increase the company's liquidy. These measures include reduced inventories across sectors, executive pay cuts of -10…
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Anonymous
Very good overview of the weekly steel market.
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