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12 Oct
18:36

CMC sees steel margins narrowing in North America

CMC ceo Peter Matt says the his company is experiencing narrowing margins in the North American steel business in the current quarter, with difficulties also in Europe, Kallanish learns. "We expect first quarter consolidated financial performance to remain strong by historical standards, but decline from the fourth quarter as a result of seasonally lower shipments, steel product margin compression in North America, and the continuation of challenging mar…
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