27
Jul
21:30
Timkensteel expects losses to deepen in Q3
Timkensteel believes business conditions will continue to weaken over the course of the third quarter, Kallanish understands from the company’s Q2 earnings review.
Timkensteel posted a net loss in Q2 of $10.5 million on sales of $223.1m. In Q2 2015, Timkensteel lost $24.3m.
The company’s Q3 will likely be marked by a -5% dip in shipments, primarily due to seasonally depressed but still strong auto demand.
“The third quarter likely will sh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous