30
Jul
18:16
MRC Global falls into the red in Q2
Citing “...incredible demand destruction” by Covid-19 on its oil and gas products, MRC Global slid into the red during the second quarter, Kallanish reports.
The pipe, valve and fittings supplier lost $287 million on sales of $602m during the quarter, down from earnings of $18m on sales of $984m in Q2 2019.
“Due to the incredible demand destruction brought on by the coronavirus pandemic, the second quarter was our most challenging to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous