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WCI Steel earns $16.21 million in October on sales of $73 million
By Jeff Pines
Washington, Nov. 19 - WCI Steel Inc. earned $16.21 million in October on sales of $73 million, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Northern District of Ohio Friday.
Operating income was $17.15 million.
Since filing for bankruptcy on Sept. 16, 2003, the Warren, Ohio-based steel company has lost $33.92 million on sales of $692.02 million with an operating loss of $19.08 million.
Cash and cash equivalents were $4.16 million on Oct. 31 and $6.88 million on Sept. 30.
WCI Steel's Chapter 11 case number is 03-44662.
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