06
Nov
17:16
MRC Global Q3 profits fall on oil weakness
Reduced global oil and gas activity weighed heavily on US energy pipe, valve and fittings distributor MRC Global Inc’s profits in the third quarter, Kallanish understands from the company’s quarterly review.
The company reported net income in Q3 of $10 million on sales of $1.071 billion, down from $50.1 million on sales of $1.618 billion in Q3 2014.
US sales fell -28.3% year-on-year to $865.4m, and Canadian sales fell 56.9% to $69.4m. The company&…
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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