20
Jan
19:57
Insteel's earnings rise on-year in Q1
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Robust demand in the US non-residential construction industry has boosted wire rod manufacturer Insteel Industries' first-quarter earnings, Kallanish understands.
Despite the seasonal slowdown in construction activity, Insteel reported strong demand for concrete reinforcing steel products. The company's earnings benefited from the growing spread between raw material costs and selling prices for finished steel products. Insteel's average selling prices …
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Zach Johnson
USA
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