29
Oct
21:52
TimkenSteel posts Q3 loss of $30.8m
Weak global commodity markets forced specialty US steelmaker TimkenSteel to report a net loss in the third quarter, Kallanish learns from a company earnings release.
TimkenSteel posted a net loss of $30.8 million on sales of $232.7m. In last year’s Q3, TimkenSteel posted a profit of $25.7m on sales of $434.2m.
Managing the company’s near-term costs will be crucial to navigating the balance of the year, says ceo Tim Timken.
“The continuing…
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