Stelco reports strong contributions from integrated, mini-mill segments
Nov 09, 2004 | 10:56 AM
| Scott Robertson
Stelco Inc., Hamilton, Ontario, rode the wave of strong demand for steel products during the third quarter, with solid performances from both its integrated and mini-mill business segments.
Stelco said it anticipates market demand will soften in the fourth quarter, but overall it should remain strong throughout 2005.Stelco's integrated mill segment comprises its Hamilton and Lake Erie steel operations and their raw materials properties. The integrated segment posted third-quarter operating earnings of Canadian $80 million ($66.8 million), up C$44 million ($36.7 million) from the second quarter and a turnaround from an operating loss of C$129 million in the third quarter of last year.....
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.