Scrap Monster

EDITION
Copper rebounds on relaxed oil prices
Whirlwind Steel manufactures storage facility in Colfax, Iowa
By   21 Mar 2012  Last updated at  07:14:55 GMT
Fourth-quarter net income for US copper wire manufacturer International Wire fell nearly 43% due to lack of inventory liquidation at the end of the year.

WASHINGTON (Scrap Monster): Fourth-quarter net income for US copper wire manufacturer International Wire fell nearly 43% due to lack of inventory liquidation at the end of the year.

Fourth-quarter net income dipped to $3.6 million compared with $6.3 million in the fourth quarter of 2010 due to a lack of last-in, first-out out liquidation at the end of the year, the company said.

Total pounds of product sold in the fourth quarter of 2011 increased by 16.1% compared to the fourth quarter of 2010.

Full-year 2011 net income slipped slightly to $20.1 million compared with $20.5 million in 2010.

International Wire is the largest bare copper wire and copper wire products manufacturer in the United States with expanding operations in Europe.

Also Read:
December 5th 2013
Furthering its mission to help automakers meet stringent fuel economy requirements, the Steel Market Development Institute‚Äôs (SMDI) Automotive Applications Council…
October 7th 2013
The USA West Coast Copper Scrap Prices reported a positive up move today on October 4th Friday as on the…
September 30th 2013
According to data, the scrap imports by Korea during the month of August declined year-on-year
September 24th 2013
The scrap prices in India mostly trended lower as on September 23rd Monday
C
Energy & Renewables
Cincinnati
M
Energy & Renewables
GOREY
C
Energy & Renewables
Burnaby
O
Waste Management
Cincinnati,
S
Energy & Renewables
HENFIELD