03
May
16:14
TimkenSteel returns to profitability in first quarter
US specialty steelmaker TimkenSteel returned to the black during the first quarter, Kallanish reports.
TimkenSteel earned $4.2 million on $371m in sales during Q1, up from a loss of $1.9m on sales of $381m in Q1 2018.
"As anticipated, our performance strengthened in the first quarter, with continued expansion in gross margin and increased net income compared with the same quarter last year,” says ceo Tim Timken. “We achieved these results by …
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Very good overview of the weekly steel market.
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