Dofasco warns of rising costs, price slippage
Oct 29, 2004 | 08:41 AM
After peering into its crystal ball for the fourth quarter, Dofasco Inc., Hamilton, Ontario, sees strong results for its steel operations and its Gallatin Steel Co. joint venture. However, rising raw material costs mean that its performance in the fourth quarter might not be as strong as the third quarter, the company said."I think Dofasco is well positioned for the future," Don Pether, the company's president and chief executive officer, said. "We expect a strong fourth quarter, but not a recurrence of the third quarter. Our steel operations will be strong, but we anticipate lower results because of the higher costs of scrap and purchased slabs. We expect the same at Gallatin, where we expect to see higher scrap costs and the easing of some spot market selling prices."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.