22
Apr
19:43
Demand, higher pricing boost Insteel earnings
Strong demand from the US non-residential construction industry continued to boost wire rod producer Insteel Industries' earnings higher in the second fiscal quarter, Kallanish gathers from the company's latest performance results.
Insteel Industries earned $39 million on sales of $213.2m in the company's second quarter ended 2 April, which is up from earnings in the previous quarter and on-year. Previously, Insteel earned $14.9m on sales of $391.7m in…
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Very good overview of the weekly steel market.
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