WCI Steel earns $15.08 million in November on sales of $66.55 million

By Jeff Pines

Washington, Dec. 21 - WCI Steel Inc.'s November earnings dropped slightly to $15.08 million from $16.21 million in October, according to the company's monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Northern District of Ohio.

Revenues dropped to $66.55 million from $73 million in October.

Operating income for the Warren, Ohio-based steel company was $15.86 million, also down from October's $17.15 million.

Since filing for bankruptcy on Sept. 16, 2003, the company has lost $18.84 million on sales of $758.56 million.

Cash on Nov. 30 was $8.17 million compared with $4.16 million on Oct. 31.

WCI Steel's Chapter 11 case number is 03-44662.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.