Falling nickel prices pinch Synalloy's 1st-qtr. profits

Apr 20, 2012 | 12:58 PM | Michael Cowden

Tags  Synalloy, earnings, first quarter, 2012, stainless steel pipe, carbon steel piping systems, nickel prices, fabrication inventory

TORONTO — Synalloy Corp. saw its profits narrow in the first quarter as declining nickel prices resulted in inventory-related losses.

The Spartanburg, S.C.-based stainless steel pipe producer and piping systems fabricator on Friday reported earnings of $1.3 million on revenue of $47.4 million for the first quarter ended March 31. The latest quarterly earnings figure is roughly half the $2.5 million in....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results