26
Aug
01:00
Low nickel, oil prices to impact Synalloy this year
Stainless pipe producer Synalloy expects low nickel and oil prices to impact its performance through the remainder of the year. Destocking by metals distribution customers will also continue to put downward pressure on prices and volumes, Kallanish learns from the company.
If nickel prices remain flat at current levels, the company expects to its results to be impacted by $5.1 million for the full year, which is an increase of $1.9m. As of yesterday, the pri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous