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Crucible faces burden as stainless steel slump bites
Crucible, makers of stainless, specialty and tool steels, joins four peers asking the U S Commerce Department to impose anti dumping duties after preliminary findings show five countries sell stainless steel well below fair value. The firm posted losses in Q1 and a weak Q3 forecast while workers resist pension and retiree medical cuts amid a 56 percent drop in July bookings.
MENTIONED IN THIS ARTICLE
Crucible
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Morgan Stanley
New York
U.S
Goverment
International Trade Commission
David Yates
Yates
United Steelworkers of America
Uswa Local 1277
Frank Salati Jr
Tward