25
Oct
21:43
Insteel hopes to benefit from Buy American provisions
US wire rod manufacturer Insteel Industries anticipates its strong performance will continue into 2022, with the company hoping to benefit from the inclusion of Buy American provisions for future infrastructure projects, Kallanish learns.
In its fiscal fourth quarter, Insteel earned $25.2 million on sales of $171.3m, with full-year earnings reaching $66.6m on sales of $590.6m. Sales rose by 23.9% in 2021 to $171.2m, while year-over-year shipments fell by…
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Anonymous
Very good overview of the weekly steel market.
Anonymous