27
Apr
22:05
MRC Global records first-quarter loss
Master pipe, valve, and fittings distributor MRC Global fell into the red during the first quarter, Kallanish learns.
MRC lost $9 million on sales of $609m during the quarter, down from earnings of $3m on sales of $794m in Q1 2020.
“Despite a slow start to the quarter resulting from customer budget resets and extreme weather conditions, we were able to achieve a 5% sequential revenue increase, a stronger bottom line and continued cash flow gener…
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Anonymous
Very good overview of the weekly steel market.
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