15
Feb
20:13
Friedman records fiscal third quarter profit
Coil processor and tube maker Friedman Industries returned to the black in its fiscal third quarter ended 31 December, Kallanish reports.
Friedman posted a net profit of $122,929 on sales of $28.03 million. In fiscal Q3 2016, the company lost $263,625 on sales of $15.99m.
Both business segments benefited from an increase in volume and pricing in fiscal Q3. The coil segment saw average pricing increase from $561/short ton last year to $671/st, “...due pr…
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Very good overview of the weekly steel market.
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