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03 Nov
20:32

Olympic Steel forecasts pricing rebound, higher profit

Cleveland, Ohio-based service centre chain Olympic Steel says a combination of tailwinds, including a rebound in steel pricing, will lead to increased profitability in 2024. In monitoring the Olympic's third-quarter earnings report, Kallanish learns that the company has identified continued industrial backlogs and anticipated infrastructure spending as positive factors for the next year. Olympic anticipates pricing to continue recovering in 2024, after the bea…
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