BUZZ-Insteel Industries falls on seasonal slowdown, U.S. steel price premium concerns

Reuters
2026.01.15 18:21
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Shares of steel wire products maker Insteel Industriesfall 7.21% to $31.27 after co reports Q1 resultsCo says, Q1 shipments reflected typical seasonal slowdown and margins were impacted by consumption of higher-cost raw material inventoriesIIIN remains concerned about significant steel price premium in the U.S. relative to global marketWe expect finished products markets exposed to imports to remain highly competitive - CEO. WoltzStock had risen 21.08% in 2025