14
Apr
16:38
TimkenSteel expects Q1 loss
US specialty steel producer TimkenSteel expects its profits to improve quarter-on-quarter, though the company will still report a loss, Kallanish understands.
TimkenSteel is slated to report a loss of about $5 million on sales of $309m in the first quarter, up from a loss of $67m on sales of $215m in Q4.
“Quarter-over-quarter sales have increased by about 45% primarily due to increasing demand and new business. The sequential improvement in structural E…
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Anonymous
Very good overview of the weekly steel market.
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