21
Dec
21:56
Worthington Industries' steel margins suffer in Q2
Worthington Industries remains in the green through its second fiscal quarter of 2023, but the company's profitability has diminished. Kallanish understands that the company earned $16.2 million on sales of $1.18 billion in the three-month period ended 30 November, largely due to lowered steel sales margins. Sales from the company's steel processing segment fell by $95.9m on-year to a total of $841.9m in Q2 2023.
“We faced significant headw…
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Anonymous
Very good overview of the weekly steel market.
Anonymous