PSC Metals posts another 1st-qtr. loss

May 06, 2013 | 12:05 PM | Lisa Gordon

Tags  scrapyard, ferrous prices, nonferrous prices, PSC Metals, Icahn Enterprises LP, Lisa Gordon

PITTSBURGH — PSC Metals Inc. continues its struggle to return to profitability, chalking up another first-quarter loss amid weaker ferrous shipments and selling prices.

The Mayfield Heights, Ohio-based metals recycler and broker posted a net loss of $6 million in the three months ended March 31 compared with a $2-million net loss in the year-ago quarter. Net sales dropped to $264 million in the quarter vs. $332 million in the same comparison.....

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