17
Oct
18:53
Insteel expects strong construction demand, import challenges
US wire rod producer Insteel sees domestic demand gathering strength over the next several quarters, though imports will remain a challenge for the foreseeable future, Kallanish learns from the company’s fiscal 2019 earnings review.
For the fiscal year ended 28 September, Insteel earned $5.6 million on sales of $455.7m – down from $36.3m on sales of $453.2m in fiscal 2018. Gross margin shrank over the year from 15.6% to 6.6% “...due to the lowe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous