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

Reuters
01/16
BUZZ-Insteel Industries falls on seasonal slowdown, U.S. steel price premium concerns

** Shares of steel wire products maker Insteel Industries IIIN.N fall 7.21% to $31.27 after co reports Q1 results

** Co says, Q1 shipments reflected typical seasonal slowdown and margins were impacted by consumption of higher-cost raw material inventories

** IIIN remains concerned about significant steel price premium in the U.S. relative to global market

** We expect finished products markets exposed to imports to remain highly competitive - CEO H.O. Woltz

** Stock had risen 21.08% in 2025

(Reporting by Megha Anilkumar Nair)

((MeghaAnilkumar.Nair@thomsonreuters.com;))

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