07
Nov
14:52
TimkenSteel shipments to drop again next quarter
TimkenSteel predicts that its fourth-quarter shipments and production will drop relative to Q3 as the company continues to pare down its costs and improve profitability, Kallanish understands.
TimkenSteel lost $4.6 million on sales of $274.2m during Q3, down from earnings of $1.4m on sales of $409.9m in Q3 2018.
Concurrently, melt utilisation dropped by 31% on-year. Q4 shipments will likely fall by a full -15% “...as a result of continued balancing of p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous