15
Aug
18:45
Friedman sees giant leap in profits on year
US coil processor and tube supplier Friedman Industries saw its fiscal first quarter earnings climb significantly year on year, Kallanish reports.
In the quarter ended 30 June, Friedman collected a net profit of $3.6 million on sales of $48.19m, up from a profit of $364,330 on sales of $23.08m in the equivalent quarter last year.
Friedman credits the US' 232 maneuvers for its increased profits and shipping volumes, and the company expects fiscal Q2 shipme…
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Anonymous
Very good overview of the weekly steel market.
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