07
Nov
20:29
TimkenSteel remains hopeful after Q3 loss
Canton, Ohio-based US speciality long steel producer TimkenSteel remains optimistic due to its strong balance sheet despite a rough Q3 during which the company fell into the red, Kallanish reports.
TimkenSteel suffered a net loss of $13.3 million on sales of $316.8m in Q3 after an explosion at its melt shop during the summer impacted both the company's production and shipments. According to the company, its industrial shipments fell by 30% sequential…
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