26
Oct
20:51
Universal Stainless suffers Q3 net loss
Pennsylvania-based Universal Stainless & Alloy Products suffered a net loss in the third quarter, resulting from both decreased sales and shipments.
Universal Stainless lost $1.3 million on sales of $46.2m during the third quarter, dragging the company's year-to-date earnings down to a loss of $4.3m on sales of $145.9m in the first nine months of this year. Kallanish understands that quarterly shipments for the company were down by 20% sequential…
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Anonymous
Very good overview of the weekly steel market.
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