Ipsco Inc. is in profit expectation for Q1 of 2003

Ipsco Inc. is in profit expectation for Q1 of 2003

Despite the fact that current unfavorable industrial market conditions and the uncertainty seizing the economy weakens demand for steel mill products and formerly determined margins are squashed because of considerable rises observed in natural gas prices and high scrap and energy costs, Ipsco Inc. expressed that they are forecasting profit for the first quarter of 2003 even though the aformentioned factors will decline company's earnings. Apart from that on February 10, 2003, Ipsco stated that analysts expectation of $0.21 per share for the Q1 of 2003 is much far away from reality, when taking current market conditions into consideration.