05
Aug
18:48
Scrap prices boost quarterly earnings for TimkenSteel
Higher steel pricing during the second quarter of this year has boosted adjusted earnings for Canton, Ohio-based US speciality long steel producer TimkenSteel to a new record high.
TimkenSteel earned $74.5 million on sales of $415.7m during the second quarter. The company's gross profit reached $81.4m in this three-month time frame, close to TimkenSteel's gross profit totalling $97.9m in the first six months of last year. The company's new sales increa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous