08
May
19:26
Canada's Tree Island sees gains in first quarter
Canada-based steel wire producer Tree Island Steel experienced on-year gains in the company's first quarter, Kallanish reports.
Tree Island recorded a net profit of $1.83 million on sales of $57.99m in Q1, up from a loss of $1.1m on sales of $52.94m in Q1 2019.
The company increased operating income to $2.76m for the quarter, up from an operating income of $502,000 in the first quarter of the prior year.
In regards to a forward-looking statement, the company…
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Anonymous
Very good overview of the weekly steel market.
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