Hurricanes blow in short delay for Ipsco line; rebuilding demand now emerging

Oct 26, 2005 | 08:50 AM | Scott Robertson

The lingering impact of hurricanes Dennis and Katrina on the U.S. Southeast has slowed by a few days Ipsco Inc.'s plans to open a plate heat-treating and quench and temper line in Mobile, Ala., but didn't greatly impact the company's financial performance.

David Sutherland, Ipsco's president and chief executive officer, said during a conference call with analysts Tuesday that Ipsco's ability to hedge natural gas purchases and otherwise save on energy costs helped it post an operating profit of $235 per ton shipped in the third quarter, only $6 lower than in the same period last year....

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