10
Aug
20:15
Stelco reports lower Q2 shipments, revenue, profit
Canadian flat rolled steelmaker Stelco's second-quarter volumes and profitability decreased year-on-year but earnings increased sequentially from the first quarter.
Stelco earned CAD 117 million on sales of CAD 841m ($626.7m) during Q2, marking an increase of 22% from Q1 results. Stelco had previously earned CAD 554m on sales totalling nearly CAD 1.04 billion during Q2 of last year. In an on-year comparison, the company's net income has fallen by nearly 80…
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Anonymous
Very good overview of the weekly steel market.
Anonymous