PSC Metals reports net loss in 2d quarter

Aug 09, 2012 | 11:36 AM | Lisa Gordon

Tags  PSC Metals, ferrous scrap, nonferrous scrap, Icahn Enterprises, Lisa Gordon

PITTSBURGH — PSC Metals Inc. swung to its second consecutive quarterly loss as higher revenues were unable to offset weaker selling prices.

The Mayfield Heights, Ohio-based division of Icahn Enterprises LP posted an operating loss of $15 million during the three months ended June 30, in contrast to a $3-million operating profit in the year-ago quarter, despite sales that rose 5.2 percent to $303 million from $288 million.....

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