Russel Reports $49 Million Loss in the First Quarter

June 2009
Metal Center News;Jun2009, Vol. 49 Issue 7, p8
Trade Publication
The article reports on the net loss of Russel Metals Inc. based in Mississauga, Ontario in the first quarter of 2009. The company had a net loss of $49 million which was affected by the pre-tax write-down of inventory of the steel prices. Compared to 2008, the net sales and the volume of the metals service segment has declined which lead to the reduction of its prices.


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