25
Jul
20:01
Weaker steel selling prices drag on Reliance earnings
Recent acquisitions lifted cash flow at Reliance during the second quarter, which partially offset weaker selling prices and fewer shipments.
Reliance’s second-quarter profit missed expectations, pressured by declining steel prices, and the firm expects that weakness to carry over into Q3, Kallanish learns from its earnings report.
Despite Q2 headwinds and weaker earnings, the company is optimistic about its future, thanks to its focus on value-added proces…
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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