08
Dec
17:47
Webco navigates to profit in fiscal Q1
US specialty tubing manufacturer Webco turned a profit in its fiscal first quarter despite still-stagnant conditions in the oil and gas industry, Kallanish reports.
In the quarter ended October 31, Webco posted a net profit of $700,000 on sales of $88.3 million, up from a loss $1.2m on sales of $92.3m in fiscal Q1 2016.
“We did better this quarter, much as a result of not having to deal with high cost steel in this lower demand environment,” says …
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Anonymous
Very good overview of the weekly steel market.
Anonymous