10
Mar
16:44
Webco turns profit despite demand drag
Specialty tube producer Webco is still seeing a challenging demand environment, Kallanish reports.
Webco produced a net profit in its fiscal second quarter ended 31 January of $2.2 million on sales of $91.6m, up from a loss of $1.2m on sales of $75.5m in fiscal Q2 2016.
“Our performance continues to primarily improve as a result of not having to deal with high cost steel in this lower demand environment,” says ceo Dana Weber. “Volumes have b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous