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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