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02 Jul
16:00

US' Friedman predicts more turbulence in coil, tubes

US coil processor and tubular producer Friedman Industries sees more rough weather ahead for both product categories, Kallanish learns from the company’s fiscal 2019 year-end earnings review. Friedman expects to generate revenues of about $40 million on total sales volume of 52,500 short tons during fiscal Q1 2020 – down slightly from the $42m in sales the company experienced in fiscal Q4. Fiscal Q4 and the fiscal year as a whole were heavily impa…
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