19
Jan
21:27
Insteel Q1 earnings fall by nearly 50%
Decreasing steel prices have resulted in lowered first quarter earnings for North Carolina-based US steel wire producer Insteel Industries, Kallanish reports.
Insteel earned $11.1 million on sales of $166.9m during the company's first fiscal quarter ended 31 December, which was down by over half below last year's Q1 earnings totalling $23.1m on sales of $178.5m.
“Following a year of record financial results, the first quarter of fisca…
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Anonymous
Very good overview of the weekly steel market.
Anonymous