08
Nov
15:58
Synalloy posts third quarter net loss
US specialty metals and chemicals supplier Synalloy finished the third quarter in the red, despite a 93% uptick in sales from its metals segment, Kallanish reports.
Synalloy recorded a Q3 loss of $1.2 million on total sales of $54.6m, down from a Q3 2016 loss of $2.6m on sales of $34.3m.
Metal segment sales increased 93% from Q3 2016 to $43m. Nearly all of Synalloy’s metal products witnessed volume growth, coupled with nickel surcharge losses.
&ldquo…
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