13
Oct
20:55
TimkenSteel expects lowered earnings during Q3
Canton, Ohio-based US speciality long steel producer TimkenSteel expects its profitability to be lowered during the third quarter, resulting from the consequences of an explosion at the company's melt shop earlier this summer.
TimkenSteel anticipates its third quarter net sales to be down by nearly $100 million annually for a total of $316.8m caused by the company's melt shop utilisation rate dropping to 40% during Q3, down 44% sequentially from the p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous