06
Oct
22:26
ATI expects to see net loss in third quarter
Allegheny Technologies Inc (ATI) will report a net loss of $142-148 million in the third quarter, led primarily by a soft flat-rolled stainless market, Kallanish understands.
“Stainless steel demand was soft mainly due to unusually high domestic inventory levels that resulted from the first-half 2015 surge of low-priced imports, primarily from China, and generally weak demand which is affected by falling raw material surcharges,” the company says in …
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Anonymous
Very good overview of the weekly steel market.
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