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The demand for reliable materials in cryogenic service applications has increased significantly with the rapid growth of LNG terminals, industrial gas storage facilities, and low-temperature pressure vessels.2026-06-24
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As the global demand for liquefied natural gas (LNG) continues to grow, the need for reliable materials for cryogenic storage systems has become increasingly important.2026-06-18
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For engineers specifying materials for cryogenic pressure vessels, finding the balance between strength and ductility at sub-zero temperatures is challenging.2026-06-12
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In industries where equipment must operate reliably under freezing or cryogenic conditions, material selection becomes a matter of safety and structural integrity.2026-06-01
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While both ASTM A203 Grade B and ASTM A106 Grade B serve critical roles in industrial applications, they are fundamentally different in composition, purpose, and performance.2026-06-01
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.”