20
Oct
20:40
Insteel achieves record-breaking annual earnings
North Carolina-based US steel wire producer Insteel Industries achieved record-breaking annual earnings after a strong fourth quarter performance due to a widening spread between scrap and finished steel product pricing.
Insteel earned $24.3 million on sales of $208m in its fourth quarter ended 1 October, pushing annual earnings up to $125m on sales of $826.8m. The company's earnings for this year exceeded the company's previous record earnings of $66.6m o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous