Pointers covered in the report with reference to the competitive scope of the High Strength Steel market
Neither the Ridgeline’s extreme accuracy, nor its ability to shrug off heat generated by long shot strings are terribly applicable in the field. The smallest animal I’ll ever use this rifle on is a deer and even on a very small one of those, I have about an eight-inch circle to work with; within that any shot will result in an ethical kill. And, while hunting, you’re hopefully only taking a single shot. But it’s nice to know the rifle isn’t the limiting factor and it’s also probably practical that a very cold morning at elevation won’t alter the rifle’s accuracy.
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A cry of existential despair from the great soft rock goliath of the Seventies. By the tail-end of the decade the Eagles were thoroughly fed up of one another and jaundiced by fame. The titular – and fictional – “Hotel California” is a metaphor for life in a successful rock band: “you can check-out any time you like/ But you can never leave”. The hallucinatory imagery was meanwhile inspired by a late night drive through LA, the streets empty, an eerie hush holding sway.
Digging a little deeper into revenue, the steel business (Mills) saw a 25% year-over-year improvement in realized prices, but a 2% qoq decline. Plate pricing was exceptionally strong (up 40% yoy), but it makes up a relatively small part of the mix (9% of total shipments), while price realizations in sheet and bar (which together make up around 55% of shipments) were up 24% and 27%, respectively. Shipments were up 3% yoy in the Mills business, with sheet down less than 1% and bar down more than 4%, structural up 32%, and plate up 18%.
Importantly, our pre-tax income increased 45.7% year-over-year on an 18.7% year-over-year increase in sales. Demonstrating the strength of our business model and disciplined strategy of focusing on higher margin business. Our full-year non-GAAP earnings of $8.94 per diluted share was also a new Reliance record and represents a year-over-year increase in 64.3%. Turning to the fourth quarter, while we experienced the normal seasonal decline of lower shipping volumes due to the customer shutdowns and vacation schedules, underlying demand remained healthy and we continue to experience positive demand conditions across end markets we serve.
A native of Kerala’s Thrissur city, Menon’s firms today span global cities such as Brunei and Tanzania, with one of the units also listed on India’s Bombay Stock Exchange.
Pancholia is also chairman of Arabian Trading Agency, a Dubai outfit founded by Parmanand Jethanand Pancholia. The family business established its roots in Dubai as a trader of pearls and foodstuff, and today trades as a major retailer in the city.
All of that and Bowie makes the line “it’s not the side effects of the cocaine…” feel like a proclamation of ancient wisdom.
The daughter of a strict baptist preacher, Amos’s daddy issues were a reoccurring theme of her writing. “Father Lucifer” was further inspired by visions she had received while taking peyote with a South American shaman.
The Raw Steels Monthly Metals Index (MMI) posted a one-point increase this month, moving to an MMI reading of 80.
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