28
Oct
20:39
Covid-19 pushes MRC Global into the red
US master pipe, valve, and fittings distributor MRC Global recorded a loss in the third quarter, largely due to the lingering impact of Covid-19, Kallanish reports.
MRC lost $3 million during the quarter on sales of $585m, down from Q3 net income of $15m on sales of $942m.
"The resiliency of our business model, which focuses on diversified sectors, was evident this quarter,” says ceo Andrew Lane. “Two of our sectors, gas utilities and…
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Anonymous
Very good overview of the weekly steel market.
Anonymous