Russel Metals' net dips on lower prices

Nov 08, 2013 | 04:21 PM | Corinna Petry

Tags  Russel Metals, acquisitions, greenfield growth, energy tubulars, oilfield supply, steel prices, oil country, third-quarter earnings Brian R. Hedges

CHICAGO — Service center operator and energy products distributor Russel Metals Inc.’s earnings fell in the third quarter due in part to lower pricing levels.

The Mississauga, Ontario-based company posted net income of Canadian $18.9 million ($18.1 million) for the three months ended Sept. 30, down 15.6 percent from C$22.4 million in the same period last year on revenue that decreased 11.8 percent to C$796.8 million ($764.1 million) from C$712.6 million.....

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