21
Apr
15:34
Universal Stainless posts first-quarter loss
Universal Stainless remained in the red during the first quarter, Kallanish reports.
The company lost $4.5 million during the quarter on sales of $37m, down from a loss of $1.4m on sales of $58.49m in Q1 2020.
“We expected gradual improvement in activity levels in 2021, but our first quarter results point to even better momentum in end market demand, accompanied by a healthy pace of order entry and backlog growth for Universal,” says ceo D…
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Very good overview of the weekly steel market.
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