22
Oct
20:56
Insteel Industries' earnings continue into fourth quarter
US wire rod producer Insteel Industries has experienced continued gains in the fiscal fourth quarter as the US construction industry remains stable, Kallanish reports.
In the company's fiscal Q4 ended 3 October, Insteel recorded a net earnings gain of $7.4 million on sales of $138m. This is up from the company's prior quarter ending, during which Insteel saw a net earnings gain of $6.7m on sales of $122m.
"The latest forecasts for non-residential con…
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Very good overview of the weekly steel market.
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