10
Nov
16:55
Synalloy profits nicked by nickel, imports, oil prices
Falling nickel prices, import pressure and weak oil and gas demand hit US specialty steel and chemicals maker Synalloy Corporation’s earnings in the third quarter, Kallanish learns from the company’s quarterly review.
Synalloy’s metals segment, which consists largely of stainless and carbon piping systems, saw operating results fall -129% year-on-year to a loss of $1.12m.
“Nickel prices, which are reflected in the sales price of the co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous