12
Apr
15:48
ADF Group attributes year-end losses to tariffs
ADF Group has reported earnings of CAD 135.1 million ($101.4m) for the fiscal year ended 31 January, which is down from CAD 180.5m for fiscal 2018. The company attributes the drop in revenues to losing three major contracts following the implementation of Section 232 tariffs on steel imports, Kallanish reports.
The report notes that the company has secured new contracts - however, “… the impact from the loss of these contracts on fabrication ac…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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