Wednesday, June 01, 2005
Stelco now expects lower operating earnings in Q2 2005
Stelco press release
Stelco Inc. announced today that, while it continues to expect solid performance in the second quarter of 2005 from a historical perspective, operating earnings in the quarter are now expected to be considerably below the level of the first quarter of 2005 largely due to lower spot market prices as well as higher energy costs and the flow through of higher cost inventory produced in the first quarter.
Stelco Inc. announced today that, while it continues to expect solid performance in the second quarter of 2005 from a historical perspective, operating earnings in the quarter are now expected to be considerably below the level of the first quarter of 2005 largely due to lower spot market prices as well as higher energy costs and the flow through of higher cost inventory produced in the first quarter.
Labels: stelco
