Steelcase expects net loss despite lower 4th-qtr. prices

Dec 24, 2008 | 05:40 AM | Corinna Petry

Steelcase Inc. expects to benefit from lower commodity spot prices in its fiscal fourth quarter but is projecting a net loss due to lower demand.

"While we have been encouraged by recent declines in spot prices for certain commodities, including steel, these lower prices will not begin to benefit our cost of sales until the latter half of the (fiscal) fourth quarter," Dave....

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