TMS earnings soar in 1st qtr.; outlook cautiously optimistic

Apr 25, 2013 | 05:40 PM | Lisa Gordon

Tags  TMS International, Tube City IMS, scrap, earnings report, Raymond Kalouche, Lisa Gordon

PITTSBURGH — TMS International Corp. says its customers are benefiting from improved demand for automotive steel and that a rebound in construction could be on the horizon.

"Our customers have benefited from an automotive recovery, and we are cautiously hopeful that a nonresidential construction recovery may be in sight," Raymond Kalouche, president and chief executive officer of the Pittsburgh-based parent company of Tube City IMS LLC, said in a conference call.....

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