16
Feb
22:02
TimkenSteel hopes for smoother sailing in 2017
US specialty steelmaker TimkenSteel anticipates improving market conditions in 2017 will buoy its bottom line, Kallanish understands from the company’s 2016 earnings review.
TimkenSteel posted a 2016 loss of $105.5 million on sales of $869.5m. In 2015, the company lost $45m on sales of $1.1 billion.
The company expects to return to the black, however, in the first quarter of 2017. TimkenSteel expects its Q1 earnings to be $2-12m, largely as a result of …
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Anonymous
Very good overview of the weekly steel market.
Anonymous