| Business Summary | | Steel
Technologies,
Inc.
is
an
intermediate
steel
processor
engaged
in
the
business
of
processing
flat-rolled
steel
to
specified
close
tolerances
in
response
to
orders
from
industrial
customers
that
require
steel
of
precise
thickness,
width,
temper,
finish
and
shape
for
their
manufacturing
purposes.
The
processed
steel
is
distributed
from
facilities
located
in
Indiana,
Kentucky,
Maryland,
Michigan,
Missouri,
North
Carolina,
Ohio
and
South
Carolina
in
the
United
States
and
four
facilities
in
Mexico.
The
Company's
principal
processed
products
are
cold-rolled
strip
and
sheet,
cold-rolled
one-pass
strip,
high
carbon
and
alloy
strip
and
sheet,
hot-rolled
strip
and
sheet,
high
strength
low
alloy
strip
and
sheet,
hot-rolled
pickle
and
oil
and
coated
strip
and
sheet,
pickling
of
hot-rolled
black
coils,
blanking
and
cut-to-length
processing
of
coil
steel,
and
fabrication
and
welding
of
steel
sheets
and
plates. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Steel
Technologies,
Inc.
is
an
intermediate
steel
processor
engaged
in
the
business
of
processing
flat
rolled
steel
for
industrial
customers
who
specify
thickness,
width,
temper,
finish
and
shape.
For
the
nine
months
ended
6/30/01,
net
sales
fell
7%
to
$324.5
million.
Net
loss
totaled
$1
million
vs.
an
income
of
$9.5
million.
Revenues
reflect
lower
tons
shipped
and
decreased
selling
prices
of
steel.
Net
loss
also
reflects
a
$7.5
million
asset
impairment
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Merwin Ray, 71 Chairman | $465K | Bradford Ray, 42 CEO,
Vice Chairman | 665K | Michael Carroll, 43 Pres,
COO, Director | 367K | Joseph Bellino, 50 CFO,
Treasurer | 92K | Howard Bates, Jr., 54 VP
of Technical Services, Director | 219K | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|