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Steel grating plate is made of flat steel in accordance with a certain distance and twisted square steel cross arrangement, with pressure welding machine or artificial welding. The surface after hot dip galvanized or plastic spray treatment, so as to achi2021-09-17
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According to preliminary statistics provided by the Brazilian ministry of development, industry and foreign trade, in December 2012 Brazil's flat steel exports totaled 208,581 tonne rising by 15.8% YoY and down 6.5% from November 2012. Brazilian flat2019-11-06
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Forbes reported that the Chinese economy is improving the nations leading steel companies reported profits in November for the first time in 4 months. Statistics from the China Iron and Steel Association showed that the biggest steel firms there have2019-11-06
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Indias minister of steel Mr Beni Prasad Verma congratulated the Indian steel industry on being the number one in terms of growth rate in steel production amongst the top ten steel producing countries. Congratulating the Steel Industry he said, I take2019-11-06
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The Express Tribune reported that gas shortages have pushed a number of steel mills in sectors I - 9 and I - 10 to using coal, increasing the level of pollution in the city. Mr Asif Shuja director general of Pakistan Environmental Protection Agency s2019-11-06
Schnitzer Steel Industries Inc Q1 loss
RTT News reported that Schnitzer Steel Industries Inc Q1 loss attributable to company of USD 1.67 million compared to profit of USD 7.02 million last year. Loss per share was USD 0.06 compared to profit of USD 0.25 prior year. Adjusted loss per share for the quarter was USD 0.02.
Total revenues decreased to USD 592.82 million from USD 812.18 million last year.
On average, 8 analysts polled by Thomson Reuters expected the company to report profit of USD 0.01 per share on revenue of USD616.80 million for the quarter. Analysts estimates typically exclude special items.
Mr Tamara Lundgre president and CEO said that "As anticipated, during the Q1 of fiscal 2013 we continued to face difficult market conditions for recycled metals including a sharp drop in both ferrous sales prices and volumes due to soft demand resulting from slowing global growth and the weak domestic economic environment which continues to impact scrap generation. Despite these challenges each of our business segments remained profitable and our Auto Parts and Steel Manufacturing businesses improved operating margins sequentially.”