30
Apr
18:22
Nickel prices drag down Synalloy earnings
Despite significant volume growth during the first quarter, specialty steel and chemicals producer Synalloy saw earnings drop on year due to lacklustre pricing, Kallanish reports.
Synalloy’s metal segment saw sales increase in Q1 to $71.1 million, up 56% from last year. Seamless carbon sales increased 1.8% on-year; storage tank and vessel sales increased 70.2%; and stainless pipe and tube sales increased by 14.6%.
Nickel prices and their associated surc…
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