27
Jul
16:32
TimkenSteel sees big profit push in Q2
Specialty steelmaker TimkenSteel saw a massive profit increase in the second quarter compared with Q2 2017, driven largely by stronger overall market conditions, Kallanish reports.
TimkenSteel posted a net profit of $8.4 million on sales of $413.5m in Q2, up from a net income of $1.3m on sales of $339.3m in Q2 2017.
Our second-quarter performance was the result of continued market strength, better pricing and improved operating efficiencies, partially offset …
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Anonymous
Very good overview of the weekly steel market.
Anonymous