JSW Steel USA swung to profitability in its fiscal second quarter a healthy US market with robust steel selling prices, according to the company.
The steel producer's Ohio segment reported $48.28 million in earnings before interest, taxes, depreciation and amortization (Ebitda) on $200.8 million in revenue for its fiscal second quarter ended September 30, compared with an Ebitda loss of $10.52 million on $18.43 million in revenue in the same year-ago period. During the quarter, its electric-arc furnace...