30
Apr
01:00
Weak energy market crimps Carpenter Technology results
Reduced demand for oil and gas products was a top reason for an -11% year-on-year drop in volumes for Carpenter Technology in its fiscal third quarter ended March 31, Kallanish learns.
The specialty steel producer says weakness in the oil and gas markets, negative impacts of operating cost increases, and unfavourable impacts of inventory reduction initiatives offset improving operating results.
Pounds [... weight] sold totalled 69 million in the quart…
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Anonymous
Very good overview of the weekly steel market.
Anonymous