01
Aug
17:07
TimkenSteel moves back to profit in second quarter
Specialty steel producer TimkenSteel returned to profitability in the second quarter, Kallanish learns from the company’s quarterly earnings review.
TimkenSteel posted a net income of $1.3 million on sales of $339.3m during the quarter, up from a loss of $6.6m in Q2 2016 and a loss of $5.3m in Q1.
"We're continuing a steady pace of performance improvement, driven by growing market demand and the actions we've taken over the past two years t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous