03
Dec
21:17
Webco earnings fall in fiscal Q1
US specialty tubing producer Webco fell into the red during the company’s fiscal first quarter, Kallanish reports.
In the quarter ended 31 October, Webco posted a net loss of $200,000 on sales of $99.8 million, down from a profit of $3.2m on sales of $122.5m in fiscal Q1 2020.
“Covid-19 and low oil prices continue to have a fundamental impact on our business, much like the rest of the country and world,” says ceo Dana Weber. “T…
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Anonymous
Very good overview of the weekly steel market.
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