30
Oct
20:06
Timkensteel sees continued losses in Q3
US specialty steel producer TimkenSteel experienced continued losses into the third quarter despite increased sales, Kallanish reports.
In the third quarter, TimkenSteel posted a net loss of $13.9 million on sales of $205.9m. This is up on-year from a net loss of $17m on sales of $274.2m in Q3 2019. In Q2, the company posted a net loss of $15.3m on sales of $154m.
"We continued to make progress on important initiatives during the quarter as our customers beg…
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Anonymous
Very good overview of the weekly steel market.
Anonymous