HAMILTON —
The Hamilton-based steel maker says its net income for the first quarter more than doubled to
Excluding one-time items, adjusted profits were
Revenues for the three months ended
Average selling prices increased 56 per cent to
“While in the early part of the first quarter we saw deterioration in both pricing and volume compared to the fourth quarter of 2021, we did experience some recovery commencing in the last month of the period,” stated chief financial officer
Volumes decreased 12 per cent from a year ago to 594,000 net tons from 675,000 in the 2021 period and from 626,000 tons in the fourth quarter.
This report by
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