21
Jul
14:21
Universal Stainless records second-quarter loss
Universal Stainless remained in the red during the second quarter, Kallanish reports.
The company posted a loss of $2.5 million on sales of $38.5m, up from a loss of $3.3m on sales of $52.5m in Q2 2020.
“Since the onset of the pandemic we have been laser focused on restoring our profitability by aligning spending to forecasted revenue and operating levels, reducing costs and controlling working capital,” says ceo Dennis Oates. “As a …
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Very good overview of the weekly steel market.
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