PSC Metals trims loss in qtr. despite sales fall

Aug 11, 2014 | 11:22 AM | Lisa Gordon

Tags  metals recycler, ferrous scrap, nonferrous scrap, PSC Metals, Icahn Enterprises, Lisa Gordon

PITTSBURGH — PSC Metals Inc. continued to narrow its losses despite lower revenues, a sign that the company’s exodus from underperforming contracts might be working.

The Mayfield Heights, Ohio-based metals recycler posted a $5-million net loss for the three months ended June 30, down 28.6 percent from a $7-million net loss in the same period a year earlier, even as revenue fell 18.7 percent to $187 million from $230 million.....

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