10
Aug
16:25
Cheap oil weighs on Synalloy earnings
Specialty and stainless pipe manufacturer and chemicals supplier Synalloy sees weak project activity for the balance of 2016, Kallanish learns from the company’s second quarter earnings review.
The company’s nickel-heavy surcharge for type 304 stainless piping systems rose 5.5% compared with the first quarter and looks to be up 16% in September versus Q2 2016.
However, “…even with the positive moves in nickel prices, the company has n…
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Anonymous
Very good overview of the weekly steel market.
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