23
Oct
20:40
Insteel expects gains to continue into 2021
US wire rod producer Insteel Industries expects profits to remain level into Q1 of fiscal 2021, Kallanish reports.
According to the company, robust demand in construction end markets and the sustained recovery of spreads between selling prices and raw material cost were the key drivers in the Insteel's gains for the quarter.
"Spreads over the last two sequential fiscal quarters of 2020 have been consistently above the depressed levels experienced during …
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Very good overview of the weekly steel market.
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