RESEND: Steel & Tube recovery to include $5.6M of 2nd-half cost savings

Mon, 18 Feb 2019

(Fixes attribution in lead) By Jenny Ruth Feb. 18 (BusinessDesk) - Anybody wondering where Steel & Tube Holdings’ cost savings are coming from need look no further than the site rationalisation project currently underway. Savings from this rationalisation and other measures dubbed 'Project Strive' are expected to contribute $5.6 million in the second half to the $25 million in annual earnings before interest and tax that Steel & Tube is forecasting. The steel products company had 48 sites nationwide in January 2018 and has already c...

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