04
Nov
19:58
TimkenSteel suffers loss in Q3
An explosion at TimkenSteel's melt shop during the summer has impacted third quarter earnings for the Canton, Ohio-based US speciality long steel producer.
TimkenSteel incurred a net loss of $13.3 million on sales of $316.8m during the third quarter, which was below the company's earnings of $50.1m on sales of $343.7m during the third quarter of last year. The company shipped 158,500 short tons during the third quarter, marking a 24% sequential decline and…
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Anonymous
Very good overview of the weekly steel market.
Anonymous