07
May
21:31
TimkenSteel records first-quarter loss
US specialty steel producer TimkenSteel recorded a net loss for the first quarter, Kallanish reports.
TimkenSteel lost $19.9 million on sales of $259.7m, down from a profit of $3.5m on sales of $371m.
Interim chief executive officer Terry Dunlap says the company achieved safety records while preparing for operation as an essential business in the state of Ohio.
“Our customers also are navigating an unprecedented environment and we're …
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Very good overview of the weekly steel market.
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