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Universal Stainless Announces Base Price Increase on Long Products

Universal Stainless Announces Base Price Increase on Long Products
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Universal Stainless: Q2 Earnings Snapshot

Universal Stainless: Q2 Earnings Snapshot
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Investegate |Ferro-Alloy Rsrcs Announcements | Ferro-Alloy Rsrcs: Final Results

Cost of sales increased to US$3.8m from US$3.2m in 2020 primarily reflecting the increased volumes and increases in the price of the vanadium concentrate purchased at the high prices prevailing in 2019 and utilised in 2020. The largest part of cost of sales is the purchase of raw materials, the price for which is determined as a percentage of the value of the content of vanadium at prices prevailing at the time of purchase. Since such materials are purchased up to several months before processing, and sales price determination is made several months after shipment, the prices used as a basis for the calculation of raw material prices were significantly higher than the price used as a basis for product sales. This means that the operating margin was squeezed as prices were kept low in 2020. Again, during times of rising prices this effect would be reversed and is likely to even out in the long term as prices move up and down. ....

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Ferro-Alloy Resources Ltd (LSE:FAR) | RNS | Ferro-Alloy Rsrcs

Ferro-Alloy Resources Ltd (LSE:FAR) | RNS | Ferro-Alloy Rsrcs
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Universal reports increased first-quarter results | News, Sports, Jobs

May 3, 2021
Universal Stainless & Alloy Products, Inc., which has a location in Dunkirk, reported net sales for the first quarter of 2021 of $37.0 million, an increase of 18.2% from $31.3 million in the fourth quarter of 2020, although 36.7% lower than $58.5 million in the first quarter of 2020.
Sales of premium alloys in the first quarter of 2021 were $7.6 million, or 20.4% of sales, an increase of 26.6% from $6.0 million, or 19.1% of sales, in the fourth quarter of 2020, and down slightly from $7.7 million, or 13.1% of sales, in the first quarter of 2020.
Chairman, President and CEO Dennis Oates commented: “We expected gradual improvement in activity levels in 2021, but our first quarter results point to even better momentum in end market demand, accompanied by a healthy pace of order entry and backlog growth for Universal. ....

Dennis Oates , Alloy Products Inc , Universal Stainless , Alloy Products , General Industrial , டென்னிஸ் ஓட்ஸ் , அலாய் ப்ராடக்ட்ஸ் இன்க் , உலகளாவிய எஃகு , அலாய் ப்ராடக்ட்ஸ் , ஜநரல் தொழில்துறை ,