20
Feb
22:00
TimkenSteel records $32m loss for 2018
US specialty steel producer TimkenSteel recorded another net loss in 2018, Kallanish reports.
Timkensteel posted a 2018 loss of $32 million on sales of $1.6 billion, compared with a loss of $44m on sales of $1.3 billion in 2017.
In the fourth quarter, Timkensteel recorded a loss of $40m on sales of $406m, down from a loss of $34m on sales of $341m.
“We ended the year strong, delivering adjusted EBITDA (earnings before interest, taxes, depreciation an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous