19
Oct
19:19
Insteel Industries' Q4, full-year profit margins shrink
Insteel Industries, a leading US steel wire product manufacturer, reports diminishing earnings in the fourth quarter of the company’s fiscal 2023. It attributes the lacklustre performance to the narrowing spread between selling prices and raw material costs.
Kallanish understands that the company earned $5.6 million on net sales of $157.5m in the three month period ending 30 September, significantly below the $24.3m earned on sales of nearly $208m for t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous