27
Sep
19:30
Webco posts fiscal 2016 loss
Carbon and specialty metal tube maker Webco Industries has posted a net loss for the fiscal year ended 31 July, Kallanish reports.
Webco posted a net loss of $3.2 million on sales of $330.3m, down from a profit of $900,000 on sales of $414.4m last fiscal year.
“The industrial economy, plagued by the impacts of low oil prices, commodity volatility, a strong US dollar and foreign competition, has continued to be difficult for almost all domestic metal tub…
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Very good overview of the weekly steel market.
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