China Armco sales jump, loss widens
Aug 16, 2011 | 01:46 PM
| Michael Marley
Tags
ferrous scrap,
China Armco Metals,
iron ore,
Kexuan Yao,
Chinese yard,
scrap processing,
Michael Marley
PHILADELPHIA — China Armco Metals Inc.’s second-quarter sales surged on a sharp rise in the scrap tonnage processed at its new Chinese yard, but it wasn’t enough to stem the flow of red ink.
"We made significant progress in our metal recycling business," chairman and chief executive officer Kexuan Yao said, noting that quarterly output at the new yard almost doubled to 36,322 tonnes from 18,535 tonnes in the first three months of the 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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here