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With global supply chains under stress and economic growth slowing down, localization of new investments has become an increasingly popular way to reduce costs. Mexico's geographical...
$2.72 3.4% Revenue increased by 35.9% to a record $86.85 million primarily driven by increased sales of stainless steel coil and strip and partially offset by decreased weighted average selling prices ("ASP") offered to customers as a temporary sales strategy during the pandemic by providing one-off discount on certain products to some key customers. Gross profit decreased by 74.8% to $3.94 million. Gross margin was 4.5%, compared to 24.5% for the prior fiscal year. The decreases in gross profit and gross margin were primarily due to increased sales percentage of low gross margin products su...