Horsehead logs loss, will expand zinc smelter
Nov 05, 2012 | 02:38 PM
| Daniel Fitzgerald
Tags
Horsehead Holdings,
Horsehead,
Inmetco,
Jim Hensler,
Monaca,
zinc prices,
Daniel Fitzgerald
NEW YORK — Horsehead Holding Corp. recorded a third-quarter net loss of more than $9 million on lower London Metal Exchange zinc prices, but has expanded plans for its new North Carolina zinc smelter.
The Pittsburgh-based company posted a $9.1-million loss for the three months ended Sept. 30 in contrast to a $23.1-million profit in the corresponding quarter of 2011. Its net sales fell to $100.4 million, down 31 percent from $145.8 million in the third quarter of 2011.....
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