24
Feb
16:45
Webco Q2 profits suffer due to margin compression
Carbon and specialty tubing systems producer Webco faced harsh margin compression during its fiscal second quarter. This is because low sales volumes failed to push high-priced skelp completely out of its inventories, Kallanish learns from the company’s quarterly earnings review.
In the quarter ended 31 January, Webco posted a loss from operations of $1 million, down from an operations profit of $200,000 in Q2 2015.
“The current indust…
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Anonymous
Very good overview of the weekly steel market.
Anonymous