GBC shipments get boost from housing, auto demand

May 09, 2014 | 12:20 PM | Daniel Fitzgerald

Tags  Global Brass & Copper, GBC, earnings, Olin Brass, AJ Oster, Chase Brass & Copper, John Wasz, Daniel Fitzgerald

NEW YORK — Global Brass & Copper Holdings Inc. (GBC) saw shipment volumes increase in the first quarter on the back of higher demand from end-markets such as building and housing, although demand from the electronic/electrical sector was lower.

Shipments totaled 134.2 million pounds in the three months ended March 31, up 2.1 percent from 131.5 million pounds in the same period last year. GBC subsidiaries Olin Brass Corp., Chase Brass & Copper Co. and A.J. Oster Group saw volumes increase by 1.7 percent, 1.6 percent and 1.2 percent, respectively.....

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