08
Nov
13:51
Ampco-Pittsburgh reports new quarterly loss
US mill roll supplier Ampco-Pittsburgh Corporation closed the third quarter with a loss, due primarily to key divestitures and weak shipments to the oil and gas industry, Kallanish reports.
Ampco lost $5.1 million on sales of $90.9m in Q3, down from a loss of $7m on sales of $98.8m in Q3 2018.
The quarter included an impairment charge of $10.1m related to the divestiture of its Avonmore, Pennsylvnia, cast-roll facility, $1.7m related to restructuring, and $1.…
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Very good overview of the weekly steel market.
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