16
Jul
20:49
Insteel sees continued profits for the third quarter
US wire rod producer Insteel Industries has experienced on-year net gains in the third quarter, according to the company's financial results, Kallanish reports
In the quarter ended 27 June, Insteel recorded a net gain of $6.7 million on sales of $122m. This is an increase from the company's net gain of $2.2m on sales of $126.3m for the same period in the year prior.
In Q2, Insteel recorded a net gain of $4.4 million on sales of $114.9m.
Capital expenditu…
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Very good overview of the weekly steel market.
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