PSC Metals steps into red ink in 3d quarter
Nov 08, 2010 | 07:45 AM
| Lisa Gordon
Steel mills are operating at improved utilization rates but are opting to keep their scrap inventories low, according to PSC Metals Inc., which fell into red ink in the third quarter.
The wholly owned subsidiary of Icahn Enterprises LP posted an operating loss of $2 million for the three months ended Sept. 30 in contrast to operating earnings of $1 million in the same period last year despite a 28-percent increase in sales to $169 million from $132 million. But the metals segment....
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.