| | Business Summary | | Novamerican
Steel
Inc.
processes
and
distributes
carbon
steel,
stainless
steel
and
aluminum
products
and
operates
as
an
intermediary
between
primary
metal
producers
and
manufacturers.
In
addition
to
flat-rolled
processing,
including
pickling,
slitting,
blanking,
cutting-to-length
and
roll-forming
to
customer
specifications,
the
Company
produces
steel
tubing
used
for
a
variety
of
markets
such
as
the
structural
and
automotive
markets
(including
tubing
used
expressly
for
hydroforming)
and
also
manufactures
steel
components
for
heavy
equipment.
Novamerican's
revenues
are
derived
from
sales
in
the
United
States
and
Canada,
with
approximately
54%
of
the
Company's
1999
sales
made
to
customers
in
the
United
States
and
the
balance
of
approximately
46%
to
customers
in
Canada. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Novamerican
Steel
processes
and
distributes
carbon
steel,
stainless
steel
and
aluminum
products
and
operates
as
an
intermediary
between
primary
metal
producers
and
manufacturers
that
require
processed
metal.
For
the
six
months
ended
5/26/01,
revenues
fell
15%
to
$208.6
million.
Net
income
fell
61%
to
$2.8
million.
Revenues
reflect
decreased
tons
sold
and
processed.
Lower
income
also
reflects
higher
administrative
and
general
expenses. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | D. Bryan Jones, 59 | Chairman,
Pres and CEO | | Stephen Shaw, 52 | Pres
and COO - American Steel and Exec. VP & Gen. Mang. - Nova Steel, | | Christopher Pickwood, 60 | Exec.
VP, CFO | | Scott Jones, 35 | VP,
Sec. | | Roger Daigneault, 43 | VP-
Corp. Purchasing |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/t/tons.gif)