Challenging stainless mart pushes ISA into red in 3d qtr.

Nov 14, 2011 | 12:04 PM | Lisa Gordon

Tags  scrap, recycling, ferrous, nonferrous, stainless, nickel, Industrial Services of America, Brian Donaghy Harry Kletter

PITTSBURGH — Lower revenue in a falling nickel and stainless steel pricing environment pushed Industrial Services of America Inc. (ISA) into the red in the third quarter.

"The third quarter was very challenging. The global economy remained uncertain and commodity prices were very volatile during the period," Brian Donaghy, president and chief operating officer, said. "During the early part of 2011 we actively purchased inventory for our Stainless Steel and Alloys division in response to what we saw as....

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