PSC logs loss despite sales, shipment boost

Mar 18, 2013 | 10:39 AM | Lisa Gordon

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

PITTSBURGH — PSC Metals Inc. fell into the red last year as higher revenue and shipments were unable to offset lower selling prices.

The Mayfield Heights, Ohio-based metals recycler and broker posted a 2012 operating loss of $58 million, in contrast to operating earnings of $6 million the previous year, despite revenue inching up 0.6 percent to....

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