07 Apr 2016 Sales Performance Update
We are optimistic for the 2016 fiscal year and industry leaders are predicting growth opportunities. Our 2016 forecasts show a 6% increase in steel tons produced and a 7.5% increase in revenue.
Quote activity has remained strong and all regions are reporting demand and good opportunities for the future.
Looking back at 2015, the collapse of the oil and gas market, the drop in agricultural commodities, and continued slide of steel prices translated to lower sales.
Ceco produced approximately the same amount of tons of steel in 2015 as in 2014. However, the drop in value of steel translated to decreased revenue for 2015 compared to 2014.