25
Jan
18:05
Universal cuts losses with margin improvement
Universal Stainless trimmed its 2016 losses largely by improving its margin structure, Kallanish learns from the company’s year-end earnings review.
Universal recorded a net 2016 loss of $5.3 million on sales of $154.4m, down from a loss of $20.7m on sales of $180.7m in 2015.
“The marketplace in which we operate continued to be challenging with cautious buying and customer year-end inventory management,” Universal says. “However, we ha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous