05
Aug
20:22
Olympic Steel increases Q2 revenue
Flatrolled steel distributor Olympic Steel announced record high quarterly sales of $709 million for Q2, reports Kallanish. The company’s net income totalled $37.6m, which the company attributed to its expansion projects and capital management.
Last year, Olympic reported Q2 net income of $29.6m, while its total revenue came in at $556m.
“Our success is rooted in our expansion into higher-return, value-added products, our five successful acquisitions…
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Very good overview of the weekly steel market.
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