14
Nov
19:59
Stelco pulls through third quarter
Newly-reborn Canadian steelmaker Stelco reported positive earnings before interest, taxes, depreciation and amortisation during the third quarter, Kallanish learns.
The company recorded adjusted earnings of CAD 7 million ($5.5m) on sales of CAD 336m. Adjusted earnings were CAD 65m on sales of CAD 373m in Q3 2016.
“A key performance driver was the blast furnace outage taken in the third quarter, which increased production levels to 29 heats per day from …
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Anonymous
Very good overview of the weekly steel market.
Anonymous