Stelco Inc. reported net earnings of $40 million for the second quarter, compared to net earnings of $42 million for the second quarter of 2004. Six month net earnings were $89 million, compared to net earnings of $5 million for the same period in 2004.
Net sales revenue in the second quarter was $888 million compared to $881 million for the same period last year. In the first half of 2005, sales amounted to $1.856 billion, a 12 percent increase over the $1.6550 million recorded the same time last year
Production in the second quarter of 2005 was 1,297,000 semi-finished tons compared to 1,327,000 semi-finished tons produced during the same period in 2004. Production for the first six months of 2005 was 2,553,000 semi-finished tons compared to 2,693,000 semi-finished tons produced during the first half of 2004.
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