Tree Island Steel ‘cautiously optimistic’ despite red ink

Nov 11, 2013 | 08:10 AM | Samuel Frizell

Tags  Tree Island Steel, Dale MacLean, wire rod, wire, construction, Bekaert, earnings report, Samuel Frizell

NEW YORK — Wire producer Tree Island Steel Ltd. was in the red in the third quarter despite higher revenue.

The Vancouver, British Columbia-based company posted a net loss of Canadian $43,000 ($41,000) for the three months ended Sept. 30, a significant improvement from a C$1.99-million loss in the same period last year, on revenue that increased 14.8 percent....

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