Winter chills A.M. Castle’s 1st-qtr. results
Apr 29, 2014 | 03:48 PM
| Michael Cowden
PITTSBURGH A.M. Castle & Co. bled more red ink in the first quarter after being hit by a one-two combination of harsh winter weather and "uneven" economic growth.
But the Oak Brook, Ill.-based specialty metals distributor predicted that metal prices and activity levels could improve later in the year as business rebounds and poor weather subsides.
Price decreases were most pronounced for aluminum, stainless and alloy bar products, while special bar quality (SBQ) and nickel products saw improved pricing, Castle president and chief executive officer Scott J. Dolan said during an earnings conference call April 29. Plate product volumes were "flat" because of "continued softness" at some mining and heavy machinery customers.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.