06
May
15:52
Ampco-Pittsburgh returns to profitability in first quarter
US mill roll supplier Ampco-Pittsburgh returned to the black in the first quarter, Kallanish reports.
Ampco earned $4.1 million on sales of $91.1m in Q1, up from a loss of $15.1m on sales of $107.5m in Q1 2019.
Ampco attributes “...weaker demand in the flat-rolled steel and oil and gas markets” for the on-year sales decrease.
“The cost reductions and right-sizing of our operations through the divestitures we completed last yea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous