Dofasco warns profit will be half that of analysts' forecasts

Article Abstract:

Dofasco Inc. announced that its fourth-quarter profit will be roughly half what analysts predicted. The Hamilton-based steel manufacturer is getting hit by both decreased prices and rising costs for natural gas and electricity.

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Stelco blames steel prices for loss

Article Abstract:

Toronto, Ont.-based Stelco Inc. has reported a $8 million loss in the third quarter ended Sept. 30, 2000. The steel manufacturer, which is the largest in Canada, has blamed the loss on declining steel prices and rising natural gas prices.

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Co-Steel fingers import flood for lower 3rd-quarter profit

Article Abstract:

Co-Steel Inc. posted a decline in profits to C$6.1 million for the three-month period ending September 30, 2000. The company, which posted C$9.5 million in profits during the same period in 1999, blamed the decline on a rise in steel imports.

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