06
Mar
14:18
Low steel pricing sinks Synalloy's profits
US specialty steel fabricator and chemical producer Synalloy fell into the red during 2019, largely due to dips in steel pricing, Kallanish reports.
The company as a whole lost $3 million on sales of $305.2m, down from earnings of $13.1m on sales of $280.9m in 2018.
In the fourth quarter, Synalloy saw its sales of seamless tube increase 6.7% while average pricing fell by -11% “...due to product mix and lessening impacts of tariff pricing support…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous