28
Apr
18:25
TimkenSteel expects Q2 to follow Q1 pattern
US steelmaker TimkenSteel expects the second quarter to be largely similar to the first, albeit with less raw material volatility and decreased inventory destocking.
TimkenSteel posted a Q1 net loss of $13.6 million on sales of $217.9m. In Q1 2015, the company posted net income of $6.9m on sales of $388.7m, Kallanish notes.
Automotive demand supported the company’s bottom line, while weak energy prices and high import levels chipped away at it, th…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous