13
Nov
20:35
Friedman posts loss due to margin decline
Steel coil and pipe service centre Friedman Industries saw a significant year-on-year decline in its average selling prices during the third quarter, forcing the company to report a net income loss, Kallanish notes.
Friedman lost $193,294 on sales of $23.17 million in Q315, down from a profit of $765,655 on sales of $31.54m in Q314, according to documents filed with the US Securities and Exchange Commission.
Tons sold were roughly equal in both Q315 and Q314 …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous