16
Nov
20:30
Inflation costs, uncertainty impact Stelco's Q3 earnings results
Rising inflationary costs and growing market uncertainty has impacted Ontario-based Canadian flat rolled steelmaker Stelco's profitability, with the company's quarterly earnings falling both sequentially and on-year during the third quarter.
Stelco earned CAD 158 million ($118.5m) on sales of CAD 846m during the third quarter, with the company's revenues falling by 18% sequentially and by 38% on-year. The company's quarterly earnings were down…
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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