28
Oct
20:09
Tree Island Steel sees on-year gains
Canadian steel wire producer Tree Island Steel experienced on-year gains in the company's third quarter, Kallanish reports.
Tree Island recorded a net profit of $520,000 on sales of $53.24 million. This is up from a loss of $359,00 on sales of $49.7m in Q3 2019.
"While we are seeing strength of demand in our markets, we continue to remain cautious about the long-term effects the pandemic could have on demand, and we will continue to diligently monitor ou…
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Very good overview of the weekly steel market.
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